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Beng twits Zamcelco

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(Enlightenment—Passage of the Day)

Q.) WHAT VERSE THAT FRIGHTENINGLY REMINDS THE RICH IN THIS WORLD IF WITHOUT THE SPIRIT OF GOD?

A.) “FOR WHAT SHALL IT PROFIT A MAN, IF HE SHALL GAIN THE WHOLE WORLD, AND LOSE HIS OWN SOUL?” (MARK 8:36). Email: jayfeliciano2@yahoo.com

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Ok, our lady Mayor Beng Climaco-Salazar appeared emphatic during yesterday’sCH weekly press-con that she’d prefer Zamcelco to first hold its annual General Assembly with its whole member-consumers prior to making its own decision for its renewed plan to sell its Putik property to Robinsons Land Corp. that has long been interested to put up its shopping mall in that part of the city.

THE lady city executive minced no words when sought for her reaction to yesterday’s banner story, “ROBINSONS COMING TO ZAMBOANGA?”

The story about Robinsons’ reported serious talks with Zamcelco for a possible exchange of properties revealed that the properties involved for the supposed swapping, are the almost 75,000 sq. meter-lot- to include its buildings and machineries situated in Brgy. Putik belonging to Zamcelco, and the 130,000 sq. meters in Brgy. Boalan belonging to Robinsons.

No less the coop’s board president Omar Sahi confirmed the report, it said.

BUT, the lady mayor sounded not please with such news, and explicitly stated she isn’t buying the idea.

IN-FACT, she urged our security forces to closely secure our power coop’s properties, to include all its major facilities found inside its complex in Putik to thwart any possible attempts for sabotage.

ZAMCELCO’s top brass, same report added, is not dropping its other plan which is its supposed continuous bid to forge with any interested parties capable to engage in IMC. In his explanation, Sahi said part of the deal isforRobinsons to also construct a building for Zamcelco on a 2,000 sq. meter-lot or bigger, depending on the need of the power coop. He added that aside from the real properties, Robinsons will also pay Zamcelco about P1.1 billion cash which the coop. will most likely use to pay its debts.

BUT, Sahi said the IMC (Investment Management Contract) that Zamcelco is working on will still push through. According to him, at-least, three electric distribution companies, namely, Meralco, Davao Lights (Aboitiz), and Infinity are expected to participate in the negotiation for 25-year contract to invest and manage Zamcelco. He further said, “The swapping of properties with Robinsons is our Option B in case the negotiation for IMC will fail again.” SAHI was quoted as saying that incase their deal with Robinsons bears fruits, Zamcelco will still push through for IMC. But this time, according to him, the investor won’t anymore carry the burden of paying the debt of our power coop amounting to billions, as well.

HE said, the investor concerned will no longer pay its whole huge back accounts (but only a pittance?). If that’s the case, then, it’s a pretty wise move.

BUT, our lady hizzoner seemed more for them(power coop top brass) to first let the member-consumers get involved in any of their plans, like submit the matter during its annual General Assembly as Zamcelco is owned by us(member-consumers), and therefore, any good concept or plan they think of, shouldn’t be done arbitrarily. Period.

That was our Mayor Beng’s obvious body language in her weekly press briefing with our local media practitioners. (By Jun Feliciano) (30)




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