The National Electrification Administration (NEA) has chosen an officer tasked to supervise the management and operations of Occidental Mindoro Electric Cooperative, Inc. (Omeco).
NEA Administrator Edgardo Masongsong released an office order on September 4, electing Cesar E. Faeldon as project supervisor of Omeco, effective immediately.
“In the exigency of the service and pursuant to Sections 4 (e) and 5 of Presidential Decree No. 269 as amended, Mr. Faeldon is hereby designated as project supervisor of Occidental Mindoro Electric Cooperative, Inc. effective immediately,” NEA Office Order No. 2018-186 stated.
Faeldon is responsible for the approval or disapproval of Omeco Board resolutions in consultation with concerned departments in the state-run agency.
In addition, he is authorized to sign checks, withdrawal slips, and other banking transactions, as well as other tasks that are related to operational efficiency.
Omeco is identified as an extra large electric cooperative and is rated C by NEA based on the 2017 EC Overall Performance Assessment.
It is serving 78,539 households covering nine municipalities of Occidental Mindoro. Its collection efficiency and system loss stand at 95 percent and 14.36 percent respectively, as of March 2018
Image source: NEA