Camacho commends Alcordo

Finance Secretary Jose Isidro N. Camacho has lauded the leadership of outgoing National Power Corp. president Jesus N. Alcordo, saying he was not eased out of his post.

He issued the clarification following news reports that he was forced to leave Napocor.

Camacho, former head of the Department of Energy and concurrent Napocor chairman, vouched for Alcordo’s integrity, expressing that Alcordo will be able to clear himself of the plunder charge filed against him involving the O-Ilaw electrification program.

"I have to commend president Alcordo for demonstrating a high sense of accountability and transparency throughout his stay at Napocor. We are thankful for his all-out support to the power reform program," Camacho added.

Alcordo tendered his resignation this month to attend to important family matters.