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[av_heading heading=’Akelco: ‘We can beat challenges’ ‘ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]
BY BOY RYAN ZABAL
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KALIBO, Aklan – The local power distribution utility in Aklan is confident it will surpass all potential challenges from all fronts.
But it needs the support of stakeholders, employees, associates, and partners to fully realize its vision and mission, said Engr. Alexis Regalado, general manager of the Aklan Electric Cooperative (Akelco).
Regalado made this statement during their 34th Annual General Membership Assembly in this capital town on July 15.
Akelco registered an average systems loss of 9.67 percent in 2016, below the Energy Regulatory Commission allowable maximum cap of 13 percent, he said.
In the same year, Akelco purchased a total of 327,765,322 kilowatt-hours (kWh) from six power suppliers.
It sourced its 54-megawatt average power requirement from Panay Power Corp., Green Core Geothermal, Inc., SPC Island Power Corp., Panay Energy Development Corp., Panay Concepcion Power Corp., and Wholesale Electricity Spot Market.
Power sales to connected member-consumers reached 294,667,800 kWh, of which 139,323,404 kWh were sold to Boracay Island alone.
Akelco, a “mega large” and “triple A” electric cooperative, also had 122,565 member-consumers last year.
Residential consumers in Aklan and two towns in Antique serviced by Akelco accounted for 91.32 percent of the total consumers.
Overall, Akelco declared a net income of P534,997,093 from a capital of P438.169 million in 2016. (Aklan Forum Journal/PN)
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