December 17, 2014 6:15 PM ET

Electric Utilities

Company Overview of Albay Electric Cooperative, Inc.

Company Overview

Albay Electric Cooperative, Inc. offers electricity distribution services. The company was incorporated in 1991 and is based in Legaspi, the Philippines.

West Vinzon Street

Old Albay District

Legaspi,  

Philippines

Founded in 1991

Phone:

63 52 481 5021

Key Executives for Albay Electric Cooperative, Inc.

Albay Electric Cooperative, Inc. does not have any Key Executives recorded.

Albay Electric Cooperative, Inc. Key Developments

San Miguel To Go Ahead With Turnover Of Albay Electric After Protests Dissipate

SMC Global Power Holdings Corp. may finally get to turnover Albay Electric Cooperative, Inc. on February 26, 2014. Edita S. Bueno, Chief of National Electrification Administration confirmed the development emphasizing that the new turnover date was agreed upon by both Albay Electric Cooperative and San Miguel Corporation. SMC was the lone bidder in the privatization process undertaken in 2013, for the ailing electric cooperative.

Albay Electric Cooperative May Go For Privatization

Albay Electric Cooperative, Inc. may be considered for privatization. Joey Sarte Salceda, Albay Governor said, Aleco's privatization critics to give chance to the new concessionaire, the San Miguel Corp., to rehabilitate and manage. Joey Sarte Salceda said that privatization is the real answer to the consumers' woe and will boost investors' confidence.

Privatization of Albay Electric Cooperative Soon To Be Finalized

The privatization process of Albay Electric Cooperative, Inc. is to be finalized soon depending upon the outcome of the referendum held on the weekend of September 14-15, 2013.

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