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State-run National Electrification Administration said Monday it started the assessment of the joint venture agreement between Primelectric Holdings Inc. and Central Negros Electric Cooperative Inc. .
Primelectric, a sister company of businessman Enrique Razon Jr.’s MORE Electric and Power Corp., and CENECO presented before the NEA early this month the joint venture plan to strengthen its service to consumers. “I’m one with NEA in facilitating the service for the benefit of our consumers. That’s why I strongly support and cooperate through this JVA to ensure we deliver quality operations internally and externally,” Lapore said.
Castro reiterated the NEPC’s commitment to achieve the 100-percent total electrification target in the franchise area by 2028 “in alignment” with the present administration’s agenda of achieving sustainable and inclusive economic growth.
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