Scandinavian investors welcome in Cagayan de Oro, says vice mayor

CAGAYAN DE ORO CITY, June 17 (PNA) — Investors from Scandinavia are welcome to invest in this trading hub of Northern Mindanao, Vice Mayor Ceasar Ian Acenas said on Tuesday.

Acenas made the statement to belie the accusation made by City Mayor Oscar Moreno that he did not welcome the Scandinavian investors who called in the Vice Mayor’s office last May.

In a speech during the commemoration of the city’s 64th Charter Day anniversary last Sunday, Moreno accused Vice Mayor Acenas of driving away the Scandinavian investors from the city and recommended to pour investment in Misamis Oriental.

Moreno said that Acenas told the Scandinavian investors that “the City Mayor and I (Acenas) are not in good terms.”

“I have to find and rush to the Scandinavian investors who were having a meeting at that time with the local stakeholders to apologize for such ‘irresponsible’ statements,” Moreno said.

Contrary to Moreno’s allegation, the Office of the Vice Mayor warmly welcomed officials of the LT Scandinavia Corporation who called in his office with a Letter of Intent on May 14, 2014, Acenas said.

He said that Liza Licudine, the Chief Operations Officer of the Filipino-Finish company led the Scandinavian team of Mika Molainen, Chief Executive Officer, and Esa Jokela, a member of the company’s Board of Directors.

According to Acenas, the Scandinavians have shown interest in exploring the possibility of undergoing Geothermal Power Plant and Clean Water Service projects in the city.

“I briefed the investors on the current power and water conditions in the city while expressing the hope that the entry of the LT Scandinavia Corp. could resolve the issues so that better services could be extended to the local constituents,” Acenas said.

He said that he assured the investors that the City Council would support proposals after the necessary studies and consultations have been made. “The legislative body would enact necessary ordinances for projects that would benefit the city,” Acenas added. (PNA)