SOCOTECO II Rejects Joint Venture Claims with MERALCO
GENERAL SANTOS CITY (MindaNews /14 October) — The South Cotabato II Electric Cooperative, Inc. (SOCOTECO II) rejected reports of a joint venture with the Manila Electric Company (MERALCO).
SOCOTECO II emphasized that no formal discussions or agreements have taken place, stating
“Recent online claims suggesting otherwise are inaccurate and risk misleading our Member-Consumer-Owners (MCOs) and stakeholders.”
The cooperative remains focused on restoring operational performance, closing critical efficiency gaps, and ensuring full compliance with regulatory mandates, noting system losses have been reduced to approximately 12%.
Author's summary: SOCOTECO II denies MERALCO joint venture claims.
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