Sunday, November 11, 2007
Transco Due To Be Privatized
by: Aurell P. Arais
Malaybalay City - Few days from now, the National Transmission Corporation (TRANSCO) will be privatized.
This was disclosed by Transco Information Officer Raffy Magbanua during an interaction with members of Kapisanan ng mga Brodkaster ng Pilipinas (KBP) Bukidnon.
According to Magbanua, based on timetable, this coming December 12 will be the schedule for final bidding contested by three big bidders to choose from.
"This is the time to know the company who will take-over the operation of Transco", he said.
However, he clarified that the privatization will cover only the management and maintenance of the operation while the current equipments are still under the ownership of the government.
"I myself and all employees of Transco don't know yet what will happen to us, by the time the new management will takeover after the transition period", Magbanua clarified.
The privatization of Transco aim to improved the services of the company however the public expressed fear that it mighty result to the increase of electricity bill.
The National Transmission Corporation is a distribution arm of National Power Corporation (NAPOCOR).