The Negros Oriental 2 Electric Cooperative in Bayawan City will discuss at its general assembly on Mar. 25 the interest-free loan offer of the provincial government for the cooperative to update its system in Dumaguete City.

NORECO 2 sources said the P27 million offer needs to be ratified and approved by the general membership. It will be used to upgrade the distribution system in Dumaguete and stabilize the supply for better service, and thus, entice investors. Stephen Salgado, membership affairs and information designate of the cooperative, said the assembly will also discuss plans of acquiring electric transformers amounting to P12 million.

On questions why the assembly should be in Bayawan City, Salgado said it was the decision of the Board of Directors.

Meanwhile, Noreco2 has undertaken another round of membership seminars for new subscribers Thursday.

Most of the participants were from hinterland barangays of the municipalities from Dauin to San Jose.

The lifeline rate of NORECO 2 is intended for small residential houses with at least three bulbs or florescent lamps.

Under the scheme, a member who consumes less than 20 megawatts per month automatically avails of 50 percent discount, Leovigildo Elmaco, institutional services division chief, said. Elmaco also said that with the removal of the minimum rates, a consumer pays only for the amount of electricity he has actually consumed.*JG

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