NEA Administrator Antonio “Nani” Almeda noted that ZAMCELCO has improved in its key performance-indicators such as lowering its systems loss, increasing collection efficiency, and sound fiscal management.
The NEA official also noted how the previous local power cooperative was ailing and nearing bankruptcy, which suddenly took a turn for the better when Crown took over ZAMCELCO in 2018 through the Investment Management Contract . Almeda also said NEA records with regards to the power rates of different cooperatives in Mindanao show that ZAMCELCO is in fact the second lowest when it comes to power rate. “Admittedly, Crown has boosted the capacity buildup of ZAMCELCO in terms of performance and service,” he commented. “ZAMCELCO has gone a long way in improving its services.”
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