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                    [ArticleID] => 201196
                    [Title] => New management trims Akelco debt to P50-M
                    [Summary] => The new management of Aklan Electric Cooperative (Akelco) has trimmed down the power co-op’s obligations from P135 million to only P50 million, the Department of Energy (DOE) reported yesterday. 


Following reports of widespread corruption, the National Electrification Administration (NEA) installed in April 2002 a team to temporarily take over the operations of Akelco. 


Two months later, a new set of officers was sworn in and assumed management of the co-op which is the major power distributor in Aklan province including the famous resort island of Boracay. 


                    [DatePublished] => 2003-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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ERIC BUCOY

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                    [ArticleID] => 201196
                    [Title] => New management trims Akelco debt to P50-M
                    [Summary] => The new management of Aklan Electric Cooperative (Akelco) has trimmed down the power co-op’s obligations from P135 million to only P50 million, the Department of Energy (DOE) reported yesterday. 


Following reports of widespread corruption, the National Electrification Administration (NEA) installed in April 2002 a team to temporarily take over the operations of Akelco. 


Two months later, a new set of officers was sworn in and assumed management of the co-op which is the major power distributor in Aklan province including the famous resort island of Boracay. 


                    [DatePublished] => 2003-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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abtest

New management trims Akelco debt to P50-M

April 2, 2003 - 12:00am

The new management of Aklan Electric Cooperative (Akelco) has trimmed down the power co-op’s obligations from P135 million to only P50 million, the Department of Energy (DOE) reported yesterday. Following...

Business