For exhibiting exemplary performance, Busuanga Island Electric Cooperative, Inc. (Biselco) received commendation from no less than National Electrification Administration (NEA) chief Edgardo Masongsong during its 34th Annual General Membership Assembly on Tuesday (June 27).
Biselco held its AGMA at the Coron Coliseum in Barangay Poblacion, Coron, Palawan under the theme "A Breakthrough: Through Unity, Perseverance and String Relations with Member-Consumers and Stakeholders."
Some 1,200 member-consumer-owners (MCOs) of Biselco gathered to attend the event, which was highlighted by the presence of NEA Administrator Masongsong, who served as guest speaker, and Energy Undersecretary Benito Ranque, the guest of honor.
Masongsong, in his message, congratulated Biselco for its exemplary performance especially when it continued serving the consumers despite the calamities such as Typhoon Yolanda in 2013.
He also presented the new NEA vision and directions anchored on the nine-point agenda of Energy Secretary Alfonso Cusi and the five-point electricity agenda of President Duterte. He also introduced the National Center of Electric Cooperative Consumers, Inc. (NCECCO) and officiated the mass oath-taking for their membership to NCECCO.
Undersecretary Ranque, on the other hand, emphasized the role of rural electrification towards rural development as envisioned by the President in realizing the AmbisyonNatin 2040, the government's 25-year long-term vision to end poverty in the country.
Biselco is categorized as a medium-sized electric cooperative (EC) and an AA-rated EC with 100 percent collection efficiency, 10.38 percent system loss and a minimal unbundled average power rate for residential consumers of only P8.5449/kWh.
Though it still has to energize some 39 percent potential households or 9,000, Biselco is at present has a demand of more or less 4.7MW served by the Calamian Islands Power Corp. (CIPC), which has an installed capacity of 7.5MW in Coron and 910kW in Busuanga. ###