Straight from the Heart

Abs Damahan

Is ZAMCELCO going for bankruptcy?

After reading the Financial Reports of ZAMCELCO for the year 2009, the accumulated deficit or losses amounting to P 100,789,943 and their combined huge loan for almost billion of pesos to banks, creditors and suppliers.  As member and consumer of the electric cooperative I have the privilege rights to question the top level management of the cooperative even in my column. How the Head Departments does can purchase luxury cars-KIA- when in fact the Cooperative Financial standing position is in heavy losses?  The reason why I should question Zamcelco because rendered of bad services to consumers public and frequent black-out in the past months and up- to the present two hours interrupted brown-out in almost daily basis.

So therefore, direct to the point, who are behind the mess if any responsible officials for the mishandling of the Cooperative funds? This query needs an upfront response from the Finance Officers of the Cooperative with the details figures explanation to make clear for the public consumption.

Going back to luxury cars I think, this is not the time for the Head Departments to acquire those cars even the mode of loan packages by the Financing firm, still consider heavy burden for the Cooperatives and the member consumers of the Cooperative. In simple layman term, it’s really affects the financial capability of Zamcelco finance’s operation. As a matter of fact Zamboanga City experienced power shortages for the past couple months.

For GM Reinerio Ramos I don’t  mean to hurt you, but an advice for the benefits of all, light and water are basic services part for human lives,  this is for our comport, we needs an excellence, appropriate and efficient service from Zamcelco. Find ways to improve and rehab Zamcelco operations it’s really a trouble for the household family with-out sufficient power supplies to every residence of Zamboanga City.

For comments, reactions and suggestions please e-mail at abs_damahan@yahoo.com or call to tel No. 062-926-9418 or text Cell. No. 09283147761 Blog: http://absdamahan.wordpress.com