The Sangguniang Panlalawigan of Bohol has asked the Salcon Consortium to hold off on the sale of its 70 percent stake in the Bohol Light Company Incorporated (BLCI) and requested a 60-day extension to review the proposal.
The provincial board passed a resolution during its regular session, asking Salcon to put the sale on hold while the board reviews the proposal to determine if it is in the best interest of the public.
The resolution was based on the recommendation of the Committee of the Whole, which reviewed the proposal and Salcon’s intention to sell its stake in BLCI.
Earlier, the provincial board had passed a resolution on June 25, 2024, validating Salcon’s intent to sell its 70 percent stake in BLCI, which was set to expire on June 30.
No one opposed the resolution during the session, which was led by Vice-Governor Baja and Senior Board Member Benjie Arcamo, the floor leader.