SAN Miguel Global Power (SMGP), the power-generation arm of San Miguel Corp. (SMC), has come to the rescue of debt-saddled Albay Electric Cooperative (Aleco), assuring the province of continuous power supply for the next 12 months.
This development came after the National Electrification Administration (NEA) sought the help of SMC President Ramon Ang to prevent Aleco's imminent disconnection from the grid, following a failure to secure emergency power supply contracts with other firms, due to the cooperative's credit issues.
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