ALECO INTERIM BOARD APPROVES SMC BID

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LEGAZPI CITY: Two weeks after the public bidding for the operational management of the debt-ridden Albay Electric Power Cooperative, its interim board has approved the bid of San Miguel Energy Corp. (SMEC), an Aleco official said. On Sunday, Alvie Boral, Aleco public information officer, said that the Aleco interim board has informed SMEC in its August 23 letter that the company won the bidding for the concession to operate and manage Aleco. The letter of the board led by Bishop Jose Baylon of the Diocese of Legazpi said SMEC had been considered and approved as the single highest rated and responsive bidder.

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