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Friday, July 17, 2015

NEA rates ZAMSURECO-1 100 points for 2014 performance

PAGADIAN CITY - The Zambonga del Sur 1 Electric Cooperative (ZAMSURECO-1) has garnered 100 points for its 2014 performance in an evaluation conducted by the National Electrification Administration (NEA).
NEA Administrator Edita S. Bueno personally handed the result to ZAMSURECO-1 General Manager Jose Raul A. Saniel in a recent gathering of board of directors, general managers and department managers of electric cooperatives in Zamboanga Peninsula held at ZAMSURECO-1 Heroes’ Hall, Pagadian City.
ZAMSURECO-1 got a perfect score in all the parameters used in evaluating its financial, institutional and technical performance during the previous year.
In an interview with Ms. Charina Arabejo, ZAMSURECO-1’s Finance Services Department chief, she said the cooperative was able to sustain its financial status amid the power crisis pestering the whole of Mindanao.
“Prudent and reasonable spending has been introduced by the management, targeting P1.5 million cost saving per month,” she explained.
The management has also introduced the “Transformer Rent- to-Own Scheme,” that helps the cooperative earn some income and, at the same time, helps the member-consumers improve the voltage efficiency on their connection. More than 250 member-consumers have availed themselves of the said scheme.
With the the use of modern technology, surcharges on the electric billings were 100 percent captured.
To reduce fuel and oil expenses, gadgets were also installed to coop vehicles to determine kilometer run and fuel consumption.
High collection efficiency was also achieved by the Electronic Data Processing (EDP) department for more than nine years, thus, resulted to shorter average days receivable ranging from 24 to 26 days.
“All these strategies adopted by the management have improved the financial efficiency of the cooperative,” Arabejo concluded.