The idea of setting up a power generation company originated from MORESCO-1’s management. Under Republic Act No. 10531, Electric Cooperatives are encouraged to put their own generating plant for sustainability of power supply. At the onset of 2011, the MORESCO-1’s management had foreseen the need for the peaking load requirement with the experience in Mindanao power curtailment/rotational black out due to supply deficiency where most of the power distribution utilities including MORESCO-1 was affected and among the result thereof NGCP’s billed an exorbitant ancillary charge. Hence, in order to address the rotational blackout, MORESCO-1 had implemented the Interruptible Load Program (ILP) and acquire a modular genset as the short-term solution until such time that the additional capacities shall have been installed in late 2016 to early 2017.
Read MoreThe idea of setting up a power generation company originated from MORESCO-1’s management. Under Republic Act No. 10531, Electric Cooperatives are encouraged to put their own generating plant for sustainability of power supply. At the onset of 2011, the MORESCO-1’s management had foreseen the need for the peaking load requirement with the experience in Mindanao power curtailment/rotational black out due to supply deficiency where most of the power distribution utilities including MORESCO-1 was affected and among the result thereof NGCP’s billed an exorbitant ancillary charge. Hence, in order to address the rotational blackout, MORESCO-1 had implemented the Interruptible Load Program (ILP) and acquire a modular genset as the short-term solution until such time that the additional capacities shall have been installed in late 2016 to early 2017.
Read MoreThe idea of setting up a power generation company originated from MORESCO-1’s management. Under Republic Act No. 10531, Electric Cooperatives are encouraged to put their own generating plant for sustainability of power supply. At the onset of 2011, the MORESCO-1’s management had foreseen the need for the peaking load requirement with the experience in Mindanao power curtailment/rotational black out due to supply deficiency where most of the power distribution utilities including MORESCO-1 was affected and among the result thereof NGCP’s billed an exorbitant ancillary charge. Hence, in order to address the rotational blackout, MORESCO-1 had implemented the Interruptible Load Program (ILP) and acquire a modular genset as the short-term solution until such time that the additional capacities shall have been installed in late 2016 to early 2017.
Read MorePACERM-1 Energy Corporation was incorporated and registered with the SEC on March 4, 2013, under Registration No. CS201328892. Its primary purpose is to generate power through the use of diesel power or other non-renewable and renewable energy resources such as wind, solar, ocean and biomass energy. The Company’s principal place of business is at its plant located in Zone-1 Brgy., Kibonbon, El Salvador City, Misamis Oriental. The Company is utilizing a diesel power plant with a maximum 10.5MW capacity. This power plant is used for regional national power grid peak shaving, consisted of three 3500kw diesel generating set burning heavy fuel oil. This generator set adopts elastic installation mode, in accordance with current international trends, compared meanwhile decreases the noise and vibration during the operation of diesel generating set.
Explore MoreThe Company is majority owned by MORESCO-1 and Mr. Juanito Yu who collectively own 92.33% of the Company’s outstanding capital stock. MORESCO-1, is one of the pioneer electric cooperatives in the Philippines and is still a leading electric cooperative in the country after around 54 years in operation with exemplary consistent performance in terms of low system loss, high collection efficiency, among other performance standards. Mr. Juanito Yu is also an outstanding businessman as supplier of mostly electrical equipment, poles, transformers, etc. The remaining 3.56%% is owned by the public mostly present and retired MORESCO-1 employees.
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PACERM-1 2024 Information Statement(SEC Form 20-IS)