Daneco-NEA’s Guya: Blackout coming due to indebtedness

june 17, 2014

The National Electrification Administration project supervisor to Davao del Norte Electric Cooperative has warned that the electric cooperative would be disconnected of power by its main supplier PSALM anytime soon this month if it continues to pay low to its ballooning power obligations.
NEA project supervisor Engr. Godofredo Guya bared in press conference Wednesday last week in Tagum City that Daneco has only about 70 percent collection efficiency rating while it is being saddled by a ballooning power obligations from its four power suppliers amounting at press time to a total of P767.01 million, of which P601.37 million is due for the Power Sector and Assets Liabilities Management (PSALM).

Daneco-NEA officials said that throughout the franchise area in Davao del Norte and Compostela Valley, Daneco has more than P1.1 payables from member-consumers.
Guya said that the Department of Energy has “apparently given go signal” to PSALM to cut its power supply to Daneco.
The other week, PSALM president and chief executive officer Emmanuel R. Ledesma in a statement said that PSALM requested the DOE to issue a notice of disconnection against Daneco due to the failure of Daneco to comply with the financial obligations under their power supply agreement.
Guya, however, did not show any written letter from PSALM addressed to Daneco-NEA relating power disconnection.
Daneco-NEA OIC general manager Benedicto Ongking has been sending letters to elected officials in the two provinces showing its own encoded data on the power obligations to various power suppliers, without the photocopy of PSALM’s letter.
During the press conference, Guya and Daneco-NEA officials bared that Daneco has already an outstanding power obligation to Engineering Equipment Inc. (EEI) Power Corp. amounting to P101.93 million.
It was a first revelation on Daneco’s obligations to EEI since the latter started supplying Daneco during peaking hours October last year amid long daily rotational brownouts. EEI is a diesel-powered 13-megawatt independent power producer based in Tagum City.
EEI was contracted by the previous pro- Daneco-CDA board of directors led by late Dean Briz before the conflict, but the implementation of supplying power to Daneco was finalized by the Daneco-NEA.
Besides, Daneco has also power obligations of P50.94 million from the Aboitiz-owned Therma Marine, Inc. (TMI) and P12.76 million from the National Grid Corp. of the Philippines.
Daneco failed to pay P576 million outstanding debt to PSALM covering the period March 2013 to April 2014, causing Daneco–NEA in June 2013 to seek for loan restructuring of the P275 payables with a monthly amortization of P8.15 million.
PSALM, however, said that Daneco-NEA “had dutifully paid” the monthly amortization while the Daneco-CDA group failed to settle its power bills, the latest of which being given in December 2013.
PSALM apparently is seeing Daneco as one entity being the main power generating supplier since then when it was yet the original, bigger National Power Corp.
So with the other secondary power suppliers whose contracts to supply power were made before July 2012 when Daneco was still one entity, without divisive infighting over who is legitimate between Daneco-NEA and Daneco-CDA groups.
PSALM and TMI supplies power to Daneco at an average of 30 and 15 megawatts, respectively. (Rural Urban News/Cha Monforte)

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