ORIENTAL MINDORO ELECTRIC COOPERATIVE, INC.

"Ngiti ng paglilingkod, tapat na serbisyo ang kasunod..."

CORPORATE BACKGROUND

ORMECO Profile

Oriental Mindoro Electric Cooperative, Inc. (ORMECO) is non-stock, non-profit and service-oriented rural electric cooperative, duly organized under existing Philippine laws, rules and regulations.  It was registered and incorporated with the National Electrification Administration (NEA) on February 16, 1973 covering six (6) municipalities in the northern part of Oriental Mindoro.  The remaining nine (9) municipalities in the southern part of Oriental Mindoro were covered by the incorporation and registration of ORMECO II on July 15, 1977. On May 20, 1988 the two (2) coops were merged into what is now known as ORMECO. After which the fourteen (14) municipalities and one city covered were re-districted into seven (7) districts.  District 1 is composed of  Baco, San Teodoro and Puerto Galera; District II is Calapan City; District III covers Naujan and Victoria; District IV consists of Socorro and Pola; District V comprises the towns of Pinamalayan and Gloria; District VI for Bansud and Bongabong; and District VII  covers Roxas, Mansalay and Bulalacao.  On June 26, 1988 ORMECO’s power plant was turned over to NAPOCOR in compliance with a memorandum of agreement executed by NEA, NAPOCOR and ORMECO.

ORMECO Profile

At present, ORMECO sources its power from National Power Corporation, Global Business Power Corporation, (formerly MIRANT Philippines), and Dulangan Mini-hydro Plant.  A 25 MW Modular Units, which is rented by NPC from AGRECO, supplies the main bulk of power supply needed by the province.  Global Business Power Corporation (GBH) installed a 7.5 MW diesel power plant in Pinamalayan, Oriental Mindoro in order to provide reliable and efficient electric service in the southern portion of the province. Under the terms and conditions ORMECO buys power from GBH on a minimum off-take basis about 49 million kwh annually and ORMECO will pay a total fixed capacity fee and total energy fee plus cost adjustments arising from fluctuations in the price of bunker-C fuel and lube oil. As of the year 2006, 53% of the power requirement was supplied by NPC, 41% by  GBH and 6% by the Dulangan Mini-hydro Plant. With the increase in load of this booming province, we expect a great increase in power requirement within the ten (10) year period. To this end, ORMECO continues its coordination/negotiation with different Independent Power Producers (IPP) to put up additional land based power plant on a short term basis and to invest on alternative sources of energy like wind and hydro electric power for the long term power needs of the province. In so doing, the cooperative will be ensured of stable,  reliable and affordable supply of electricity in the next years to come.

Power Generation and Development

At the helm of the cooperative administration are the following:

 

BOARD OF DIRECTORS

Platanos T. Suarez                                                                                                                     President

Audel A. Arago                                                                                                                             Vice-President

Delfin J. Sigue, Jr.                                                                                                                       Secretary

Antonio M. Mendeja                                                                                                                    Treasurer

Leonardo L. Pedraza                                                                                                                  P R O

Leopoldo C. Malapitan                                                                                                               Member

Ricardo A. Roldan                                                                                                                       Member

Romeo N. Cuasay                                                                                                                       Ex-Officio Member

 

 

EXECUTIVE OFFICERS

 

Romeo N. Cuasay                                                                                                                       General Manager

Engr. Aireen A. Estilo                                                                                                                 TSD Manager

Felipe P. Ramos                                                                                                                           ISD Manager

Luzmin D. Biason                                                                                                                         FSD Manager

Lydia G. Pangilinan                                                                                                                     Internal Auditor

Administration

After surviving from almost tragic times, ORMECO lives on and was able to attain the Most Improved Electric Cooperative Award in 1990.  It climbed to Category A Large status in 1993 and from then on consistently maintained its status until year 1997. In 1998,  ORMECO was able to attain Class A+  Extra Large Cooperative and maintained this status until present time. This outstanding record was recognized by NEA by giving the Top Performing Cooperative Award from 1999 to 2005.   This status is so far the highest classification given by NEA to rural electric cooperatives in the whole country. To cap its feathers is an array of NEA awards. Best in Collection Efficiency Award was first received by ORMECO in 1992, then it has been continuously received from  1996 up to the present time. By the same token, Exemplary Payor Award for its four quarter advanced amortization was awarded to ORMECO from 1999 to 2003. In 2004, ORMECO achieved its Mega Large status in terms of classification.

It is worthwhile to mention that there are still 7 barangays that are not energized. Of these seven (7) barangays, three (3) are still due for on grid energization and the other four (4) are being considered to be waived in favor of Qualified Third Party (QTP).    

Awards and Status

STATUS OF OPERATION

As of DECEMBER, 2006

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