
Ceneco members to decide fate of JVA in referendum
The decision on whether Central Negros Electric Cooperative should enter into a joint venture agreement with Ignite Power and Energy Holdings Inc. (MORE Power) lies in the hands of its members consumers, former CENECO president Roy Cordova said Friday, May 12.A referendum will have to be conducted for the purpose, he said. Roel Castro, MORE Power president and chief executive officer, said on Tuesday that a referendum is expected to be held sometime in June or July.CENECO serves the needs of Bacolod, Silay, Talisay and Bago cities, and the municipalities of Murcia and Don Salvador Benedicto.The JVA between Ignite and CENECO is one of the best options for the electric distribution utility to meet present demands and challenges, Cordova said.CENECO will become a robust distri...









