Monday, 31 August 2026
Nasdaq -0.52%
Subscribe NowSupport Us

Daily Tribune

Daily Tribune
Subscribe
Monday, 31 August 2026
  • News
  • Opinion
  • Business
  • Life
  • Show
  • Sports
  • Global Goals
  • Obituary
Partner feature

The Philippines' leading digital newspaper.

News
  • Headlines
  • Page three
  • Metro
  • Nation
  • World
  • Dyaryo Tirada
  • SONATOTOO (archive)
Opinion
  • All columnists
  • Editorials
  • Guest essays
  • Letters to the Editor
  • Scuttlebutt
Business
  • Shipping
  • Portraits
  • Pep
  • Business Advisories
  • Technology (Tech Talks)
Life
  • Show
  • Food & Drink
  • Getaways
  • Arts & Culture
  • Social Set
  • Spaces
  • Fashion & Beauty
  • The Edit
  • Top Form
  • Next Gen
  • Sacred Space
  • Project Larawan
  • Snaps
Sports
  • Hoops
  • Volley
  • Golf
  • Goal
  • Boxing
  • Tennis
  • Esports
  • Blast

Company

  • SONATOTOO archive
  • About
  • Contact
  • Advertise
  • Privacy
  • Subscribe
  • Support Us

© 2026 Daily Tribune · tribune.net.ph · Powered by Quintype

BUSINESS

SOCOTECO II-IGNITE deal nears make-or-break vote

Maria Bernadette Romero·30 August 2026, 4:19 pm·1 MIN READ

SOCOTECO II-IGNITE deal nears make-or-break vote
Text size

Share

Partner feature

Stay informed

Get Daily Tribune in your inbox

Breaking news, opinion, and business coverage for readers in the Philippines and abroad.

Subscribe to the newsletter

What's your take?

Share

Google Preferred Sources

Get more Daily Tribune stories in your search results

Add Daily Tribune as a preferred source on Google Search.

Add to Google
Partner feature
Partner feature
Partner feature
  • The proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power is nearing a make-or-break September vote, as member-consumer-owners prepare to decide whether to bring in private capital to rehabilitate and modernize the cooperative’s power distribution system.

    The conditional Joint Venture Agreement (JVA) still requires majority approval from SOCOTECO II’s member-consumer-owners (MCOs) in the plebiscite before the partnership can move forward.

    Ahead of the vote, SOCOTECO II said Sunday it has been conducting information, education, and communication (IEC) sessions since 6 August to explain its financial difficulties and the investments proposed under the partnership.

    The campaign comes as the cooperative grapples with financial and operational pressures, including frequent outages and the need to upgrade its aging distribution network.

    The proposed deal has also attracted opposition, with a prayer rally held Saturday along Pioneer Avenue and at Plaza Heneral Santos calling for greater scrutiny of the agreement.

    Dubbed “Kahayag sa Tanan,” the gathering called for “truth, transparency and the future” of SOCOTECO II, with organizers seeking greater transparency and accountability over the proposed JVA.

    Akbayan Youth activists, Gamay Katilingban na Kristohanon (GKK), and Notre Dame of Dadiangas University also joined the rally.

    General Santos City Police Director PCOL Ariel B. Acala told local reporters that the prayer and candle-lighting activity was peaceful and attended by around 2,000 participants, mostly residents of General Santos and the nearby provinces of Sarangani and South Cotabato.

    The turnout comes as thousands of MCOs have been attending SOCOTECO II’s IEC sessions since the campaign began.

    Several MCOs attending the sessions have expressed support for the proposed partnership, citing recurring power interruptions and the need to modernize the cooperative’s distribution facilities.

    The vice mayors of Maasim and Alabel were also among those who voiced support for the JVA.

    The IEC sessions have allowed consumers to hear about SOCOTECO II’s financial difficulties and the proposed investments under the partnership as the cooperative seeks to build support ahead of the plebiscite.

    The September vote will ultimately determine whether SOCOTECO II can proceed with IGNITE Power and pursue the proposed investment program for its distribution network.

    SOCOTECO II supplies electricity to General Santos City, Sarangani, and parts of South Cotabato.

    Also read

    Escape to the Mediterranean: 
Finestra transports diners to Sicily and Sardinia
    Food & Drink

    Escape to the Mediterranean: Finestra transports diners to Sicily and Sardinia

    Solaire Resort Entertainment City’s latest installment of ‘A Taste Across Italy’ invites food lovers on a sun-drenched coastal journey…

    DT·21 August 2026

    Also read

    Ignite sets five-year SOCOTECO II overhaul
    BUSINESS

    Ignite sets five-year SOCOTECO II overhaul

    Ignite Power is lining up a five-year modernization of South Cotabato II Electric Cooperative’s (SOCOTECO II) power distribution network as…

    Maria Bernadette Romero·23 August 2026

    Also read

    SOCOTECO II-IGNITE deal hinges on September vote
    BUSINESS

    SOCOTECO II-IGNITE deal hinges on September vote

    The proposed partnership between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power will hinge on a September…

    Maria Bernadette Romero·13 August 2026