Ormeco
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Power Rate in Oriental Mindoro Drops in December 2024
Power distributor Oriental Mindoro Electric Cooperative (ORMECO) announced Friday a decrease in electricity rates for December 2024, with residential consumers benefiting from a P1.698 peso reduction per kilowatt-hour (kWh), bringing rates down to P14.3135 pesos/kWh.…
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ORMECO Completes P700-M Hydro Power Plant Loan Payment
The Oriental Mindoro Electric Cooperative (Ormeco) announced it had completed the full payment of its P700-million loan from the Development Bank of the Philippines (DBP). The loan, secured in November 2009, financed the Linao-Cawayan Mini-Hydro…
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ORMECO Uncovers Millions of Pesos of Power Theft Racket; Penalties Top P17M for Biggest Violator
The Oriental Mindoro Electric Cooperative (ORMECO) has uncovered a syndicated electricity theft operation involving prominent businessmen and politicians, with financial records revealing penalties exceeding P50 million from identified perpetrators, officials said. Analysis of ORMECO’s “Status…
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Tropical Storm Kristine Knocks Out Power in Several Oriental Mindoro Towns
Severe Tropical Storm Kristine has caused widespread power interruptions across Oriental Mindoro, affecting at least eight major power feeders and multiple municipalities, according to a report submitted to Governor Bonz Dolor by the Oriental Mindoro…
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ORMECO Uncovers P37-M Power Theft Scheme Involving Politicians, Business Owners
The Oriental Mindoro Electric Cooperative (ORMECO) has uncovered a syndicated and organized electricity theft operation involving prominent businessmen and politicians, leading to approximately P37 million pesos in stolen power over recent weeks, officials said Monday.…
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Blackout Hits Large Parts of Occidental Mindoro; OMECO Gets Power from ORMECO
Huge parts of Occidental Mindoro experienced power outages Wednesday afternoon due to a line fault in the National Power Corporation’s (NPC) 69kV transmission lines, the Occidental Mindoro Electric Cooperative (OMECO) reported. The fault, which began…
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ORMECO’s Power Rate Hike Hits P15.3907 per kWh in Sept 2024
Another increase in power rates has been announced by the Oriental Mindoro Electric Cooperative (ORMECO), with residential consumers facing a new rate of P15.3907 per kilowatt-hour (kWh) this September. The rate hike, according to ORMECO’s…
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ORMECO Slashes Electricity Rates by Nearly 3 Pesos per kWh for August 2024
The Oriental Mindoro Electric Cooperative (ORMECO) announced a significant decrease in electricity rates for August 2024, continuing a downward trend that began in June 2024. The overall electricity rate for residential consumers has dropped by…
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Mindoro SB Seeks Congressional Inquiry into ORMECO’s High Electricity Rates and Frequent Outages
The Sangguniang Bayan of Roxas, Oriental Mindoro has passed Resolution No. 537 calling for a Congressional inquiry into the “exorbitant” electricity rates and frequent power outages plaguing the province. The resolution, adopted recently, requests Oriental…
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ORMECO Cleared to Bid for 57-MW Subsidized Power Supply in Oriental Mindoro
The National Electrification Administration (NEA) has given the green light for Oriental Mindoro Electric Cooperative Inc. (ORMECO) to start the bidding process for a 57-megawatt power supply project, a move aimed at addressing the province’s…
Founder’S Profile
Romel “Direk” Ferriol Bernardo
Bernardo Creative Ventures, Inc., the company behind Direk Fuels, Oriental Mindoro’s homegrown gas station chain, and Direk Builders, which rents out heavy equipment, is expanding its portfolio by venturing into online media and content production.
The company’s entry into news media is not surprising, as its founder and CEO, Romel “Direk” Bernardo, was a television writer, producer, and director for over 15 years. From 2002 to 2007, he served as a researcher, writer, and producer for GMA-7’s top-rating show Imbestigador before becoming the executive producer for ABS-CBN’s award-winning documentary program, The Correspondents.
