Ormeco
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ORMECO Power Rates Surge 19% More in May 2025
Residents and businesses across Oriental Mindoro face steep electricity cost increases as the Oriental Mindoro Electric Cooperative (ORMECO) implemented a P2.19 per kilowatt-hour jump in May 2025, bringing residential rates to P15.67/kWh – the highest…
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Power Supply Agreement in Mindoro Expected to Meet Demand, Lower Electricity Rates
Oriental Mindoro Electric Cooperative (ORMECO) has signed power supply agreements with seven independent producers for a 57-megawatt guaranteed dependable capacity, officials announced Tuesday, offering hope to residents who have endured years of chronic power shortages.…
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Six Power Firms Win 57-MW Supply Contracts in Mindoro
Six power companies secured contracts to build new power plants in Oriental Mindoro after winning bids for 57 megawatts of guaranteed dependable capacity, the National Electrification Administration (NEA) has announced. DMCI Power Corp. emerged as…
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Tricycle Driver Electrocuted by ORMECO’s Downed Service Drop Wire
A tricycle driver was electrocuted early Friday after his vehicle made contact with a fallen power line that had been knocked down by a private truck in Barangay San Vicente Central, Calapan City, reports said.…
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Additional Electricity Charge Approved for ORMECO Consumers Starting February 2025
Starting February 2025, electricity consumers under the Oriental Mindoro Electric Cooperative, Inc. (ORMECO) will face an additional charge of P0.1993 per kilowatt-hour (kWh), following a directive from the Energy Regulatory Commission (ERC) issued on October…
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ORMECO Bares Drop in January 2025 Electricity Rates, Savings of P1.34/kWh for Consumers
Oriental Mindoro Electric Cooperative (ORMECO) announced a substantial decrease in electricity rates for January 2025, carving a promising start to the new year for consumers in the province. The overall residential rate dropped to P12.9701…
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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.…
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.
