Latest Stories

Abra signs new deal with power company

BAGUIO CITY—Abra has persuaded its power supplier to serve the province once more, with the help of the Department of Energy (DOE) and various government agencies which have expressed concern about the impact of a power crisis in the May elections.

Aboitiz Power Renewables Inc. (Apri) has signed a new power supply agreement with Abra Electric Cooperative (Abreco), whose outstanding debts led to Apri’s pullout on Jan. 10, said Ria Calleja, Aboitiz Power assistant vice president for branding and communications.

The new deal is a short-term monthly contract with specified payment terms that requires Abreco to pay Apri every 18th, 22nd, 26th and 30th of each month, Calleja said in a text message.

Abreco earlier reneged on a debt payment scheme and owed Apri about P56 million.

But these debts have been paid before Apri agreed to start with a new supply agreement, said Calleja.

The contract starts this month, she said.

Apri took part in a Feb. 5 dialogue with officials of Abreco, the DOE, the Office of the President, government agencies that oversee power generation and distribution, and Abra officials, led by Gov. Eustaquio Bersamin and Abra Rep. Ma. Jocelyn Bernos. Most of the deals were crafted during the meeting.

Abreco also sealed separate debt agreements with its other creditors, the National Grid Corporation of the Philippines, which administers the Luzon power grid, and the Power Sector Assets and Liabilities Management Corp.

The power sector agencies gave Abreco three months to correct its management system and fulfill all of its obligations.

The new agreements helped ease tension in Abra, said Chief Supt. Benjamin Magalong, Cordillera police director. Vincent Cabreza, Inquirer Northern Luzon

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Aboitiz Power Renewables Inc. (Apri) , Abra , Abra Electric Cooperative , Abreco National Grid Corporation of the Philippines , Department of Energy , May elections , Power Sector Assets and Liabilities Management Corp.

  • mamamiamia

    Tip ko lang mga hija. Mga forengers will invest heavily sa power need of Pinas specially if Pinas have a growing population.  Take advantage!

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace