REFC Approves CAPELCO Php10.7 Million Loan
True to its commitment, REFC continues to provide financial loan packages to its borrowing Investor-ECs through simplified documentary and procedural requirements. Recently, the REFC Board during its regular meeting on March 30, 2017 unanimously approved the Capiz Electric Cooperative, Inc. (CAPELCO) commodity loan for its acquisition of a Telescopic Boom Crane and 4 units of Lineman Utility Vehicle (RETC-LUV-I) amounting to Php10,760,818.
REFC’s subsidiary, the Rural Electrification Trading Corporation (RETC), works with its partners to enable its member-ECs refleet their operation and maintenance vehicles with brand new, good quality and reliable units.
To date, RETC has delivered more than 100 lineman’s utility vehicles and different configurations of manlifts, digger derricks and boom trucks to its investor-ECs. The new utility vehicles will enhance CAPELCO’s service to its member consumers.
CAPELCO serves all the cities and municipalities in the Province of Capiz. Its main office is located at Panitan, Capiz. CAPELCO is managed by its Board of Directors composed of the President – Salvador A. Asis, Vice-President – Atty. Jovencio James G. Bereber, Secretary – Estephen Elson F. Londres, Treasurer – Eileen H. Palmes, and Members of the Board: Roel Roque A. Martinez, Fermin Nemesio M. Oquendo, Salvador A. Asis, Maricar A. Ojera, and General Manager/Ex-Officio Member – Engr. Edgar D. Diaz.
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