The Cagayan de Oro Water District has not paid and refuses to pay for the more than P400 million in accumulated unpaid water that it got from Cagayan de Oro Bulk Water Inc. , a unit of Metro Pacific Water.
Treating and supplying water requires massive investments. And just like any business, COBI invested a huge amount on the premise that its contractual partner which is COWD will honor its obligations under the contract. Shouldn’t Mayor Roland Uy instead be ordering COWD to start negotiations with COBI and honor its contractual obligation? If COWD continues to get water from COBI and Rio Verde in spite of the disconnection notice, isn’t that stealing?
Industry observers say that whatever semblance of energy planning at the DOE is nothing more than a mere tally of supply and demand, ignoring all other factors considered by energy planners around the world. Last month’s inauguration of the Visayas-Mindanao power link marked a historic moment for the country’s unified grid. But instead of giving credit where credit is due, the DOE chose to take potshots by underlining NGCP’s shortcomings, while sweeping its own failures under the rug.