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Zambo co-op reports steady progress
The Zamboanga City Electric Cooperative or ZAMCELCO reported on Wednesday that its rating, assessed by the National Electrification Administration, rose from C in 2021 to B in 2022. In a press statement, ZAMCELCO said the improvement indicated that its customers are receiving better services, driven by management and investment boosts. “We are thankful for this nod from the NEA, which further lets us know that ZAMCELCO is on the right track,” ZAMCELCO chief management officer Rommel Agan said. Invaluable partner “The steady improvements to our services harks back to our vision of being an invaluable partner of the local government to develop Zamboanga City into one of the country’s most economically-competitive cities,” he added. The NEA’s rating system was based on multiple criteria, including institutional-governance parameters, financial parameters, technical parameters, level of electrification, and reportorial requirements. The electric cooperative’s improved rating was welcomed by ZAMCELCO Chief Management Officer Rommel Agan who said he was ‘thankful for this nod from the NEA, which lets us know that ZAMCELCO is on the right track.’ Agan pointed out that ZAMCELCO’s improvements were primarily attributed to the new management, which took over in 2018. The new leaders delivered their commitment to cater to the growing demand, which increased to 609 million kilowatt-hours or kWh in 2022 from 539 million kWh in 2018. Joint venture Crown Investment Holdings Inc. and Desco Inc. formed a joint venture that won the P2.5-billion investor-manager contract bid in 2018. This joint venture was instrumental in restoring ZAMCELCO, the cooperative, and ensuring efficient power supply to its 125,000 billed customers. The power company recently initiated a comprehensive campaign throughout its franchise to ensure continuous and affordable power supply for its consumers. ZAMCELCO also vowed to keep its generation charges low — the second cheapest in Mindanao by managing the supply contracts of the cooperative to achieve the most favorable power mix for customers. The post Zambo co-op reports steady progress appeared first on Daily Tribune......»»
El Nino arrives, raising extreme weather fears
An expected El Nino climate phenomenon has arrived, raising fears of extreme weather and temperature records, scientists at the US National Oceanic and Atmospheric Administration said Thursday. Marked by warmer-than-average sea surface temperatures in the central and eastern Pacific Ocean near the equator, the weather pattern last occurred in 2018-19 and takes place every 2-7 years on average. "Depending on its strength, El Nino can cause a range of impacts, such as increasing the risk of heavy rainfall and droughts in certain locations around the world," said NOAA climate scientist Michelle L'Heureux. "Climate change can exacerbate or mitigate certain impacts related to El Nino. For example, El Nino could lead to new records for temperatures, particularly in areas that already experience above-average temperatures during El Nino," she added. Australia this week warned El Nino would deliver warmer, drier days to a country vulnerable to fierce bushfires, while Japan said a developing El Nino was partly responsible for its warmest spring on record. Most of the warmest years on record have occurred during El Ninos, and scientists are concerned that this summer and next could see record temperatures on land and in the sea. Mariana Paoli of relief agency Christian Aid said: "Poor people are already being pushed to the brink through droughts, floods, and storms caused by the burning of fossil fuels and now they will be facing the supercharged temperatures of the El Nino effect. "These people are the worst affected by climate change but have done the least to cause it." Suppressive effect on Atlantic hurricanes The phenomenon's influence on the United States is weak during summer but more pronounced starting from late fall through spring, NOAA said in its statement. By winter, it is estimated there is an 84 percent chance of a "greater than moderate" El Nino developing, and a 56 percent chance of a strong El Nino. This in turn would typically cause wetter than average conditions in some parts of the country, from southern California to the Gulf Coast, but drier than average conditions in the Pacific Northwest and Ohio Valley. It also raises chances for warmer-than-average temperatures in northern parts of the country. Developing El Nino conditions were already factored into NOAA's hurricane predictions last month. It has a suppressive effect on hurricane activity in the Atlantic, but typically boosts hurricane activity in the central and eastern Pacific. El Nino, meaning "Little Boy" in Spanish, is the warm phase of the El Nino–Southern Oscillation. La Nina, meaning "Little Girl," is its colder counterpart, where sea surface temperatures in the eastern and central Pacific Ocean near the equator are lower than normal. The post El Nino arrives, raising extreme weather fears appeared first on Daily Tribune......»»
Hoffman boosts bid for Paris Paris
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PUBG Mobile continues steady rise in Philippines
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New Toyota Tamaraw to launch in Q4
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Wheat imports seen to rise on higher bread demand
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Shell Pilipinas profit tumbles to P1.2 billion in 2023
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Philippine bond market hits $217 billion in Q4
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GT Capital posts record high core earnings in 2023
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