BACOLOD CITY --- The Central Negros Electric Cooperative (Ceneco) and a private firm signed a joint venture agreement (JVA) on Saturday, June 3, to modernize and improve power distribution in its franchise area.
The JVA, however, needs the ratification of Ceneco member-consumers in a plebiscite set on June 24 and 25 and July 1 and 2 to become final.
The JVA was signed by Ceneco president Jojit Yap and Primelectric Holdings Inc. (PHI) president and chief executive officer Roel Castro at Scarborough Restaurant in this city.
The Ceneco franchise area covers Bacolod, Silay, Talisay, and Bago cities as well as Salvador Benedicto and Murcia towns in Negros Occidental.
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Power firm, co-op sign deal to improve services in central Negros