The Northern Davao Electric Cooperative (Nordeco) can accommodate more or less 17,000 residential applicants and 10 more big malls this year.
Engr. Benedicto Ongking, NORDECO Technical Services Department Manager, oozing with confidence, made this assurance in a news conference in wake of reports that several investors backed out from pursuing projects franchise area of the power coop allegedly due to power shortage.
NORDECO has a total contracted power supply of 130MW and as of August 6, its peak demand is only about 96MW.
“We have a 34 MW reserve capacity power supply. said Ongking, denying reports of investors pulling or backing out of its franchise area..
If we convert it into household residential connections, more or less we can accommodate 17,000 residential applicants for this year and for large load applicants, we can still accommodate 10 more big malls this year,” Ongking said.
Reports of Nordeco unable to supply enough electricity to big ticket business projects in the provinces of Davao del Norte and Davao de Oro, stemmed from black propaganda hurled by proponents of efforts for Nordeco to be taken over by the Aboitiz-owned Davao Light and Power Company (DLPC).
The scheme to privatize Nordeco, spearheaded by Davao del Norte Governor Edwin Jubahib and Davao del Norte First District Congressman PantaleonAlvarez , has died after the Davao City-based DLPC said it has nothing to do with takeover plot.
Despite the smear drive, several companies have expressed intent to pour millions in new projects or expansion in the areas of the Nordeco franchise, which covers the whole of Davao de Oro and parts of Davao del Norte, including the Island Garden City of Samal (Igacos).
We assured investors who sent NORDECO a Letter of Intent (LOI) and asked for a certificate if we can supply them with their respective power needs,” said Ongking at a virtual press briefing on August 6.
In the tourist island of Igacos, Ongking identified one of the biggest projects is the tourism project of Damosa Land which needs a 5 megawatt (MW) power supply requirement .
“NORDECO did not refuse and we issued them a certificate that we can provide their needed power supply,” Ongking said.
Another is the Samal Shore, a big hotel project in Caliclic which asked Nordeco for a 3MW power supply.
Other big ticket projects to be served by Nordeco are the Hijo Industrial Zone in Madaum, Tagum City with a total power supply requirement of 2MW and the proposed SM City and a big hardware store also in Tagum City.