On behalf of the Local Government of Lanao del Sur, Governor Mamintal Alonto Adiong, Jr. called for a Zoom meeting on 08 June 2022 with Power Sector Assets and Liabilities Management Corporation (PSALM) and Lanao del Sur Electric Cooperative (LASURECO) with the objective to resolve the concern of LASURECO´s obligation to PSALM. LASURECO will then write a letter to PSALM, which will contain the initial commitment to pay an amount that shall be determined. 

The National Electrification Administration (NEA) participated through the attendance of Administrator Emmanuel P. Juaneza, designated LASURECO Project Supervisor Federico P. Villar, Jr., and Ms. Estrellita S. Volante and Mr. Aljohn S. Calapatia, both from Management and Consultancy Services Office (MCSO).

"I will bring the matter to the NEA Board of Administrators (BOA)," Administrator Juaneza said regarding the possible financial assistance that the agency can provide to the cooperative.

In connection with LASURECO´s letter of commitment to PSALM, the Local Government of Lanao del Sur requested PSALM to defer LASURECO’s power supply disconnection for the interest of its constituents. Governor Adiong also committed to discussing with the municipal mayors of the province how they can help LASURECO pay its obligation to PSALM and requested PSALM for three months to carry this out.

The Local Government of Lanao del Sur shall call for another meeting with PSALM, LASURECO, NEA, and DOE, among others, to come up with a resolution for the matter arising from the recently concluded meeting on the concerns of LASURECO and other stakeholders. ###