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The National Electrification Administration (NEA) collected P773.91 million in loan amortization payments from the electric cooperatives (ECs) in the first six months of 2020. This translates to 95.90-percent collection efficiency, the NEA Finance Services Department said in a report submitted to Administrator Edgardo Masongsong. NEA offers various loan windows to qualified ECs, such as regular, […]
State-run National Electrification Administration (NEA) rolled out the third phase of the implementation of the NEA Business Intelligence Technology (BIT) system, signaling the completion of the project. Speaking at the NEA BIT Phase 3 Go Live Program held at the H.E.S. Auditorium, NEA Building in Quezon City, Administrator Edgardo Masongsong said the project was designed […]
State-run National Electrification Administration (NEA) touted the strategic partnership between the two national organizations of electric cooperatives aimed at pushing forward the welfare and interest of the ECs and the power consumers in light of the recent challenges facing the rural electrification sector. Administrator Edgardo Masongsong expressed delight at the decision of the Philippine Rural […]
To ensure electric service reliability in the coming elections, the National Electrification Administration (NEA) has ordered the creation of a task force that will monitor the power situation in areas covered by electric cooperatives across the country. Administrator Edgardo Masongsong issued Office Order No. 2018-099 dated April 30, establishing “NEA Power Task Force Election (NPTFE) […]
Residents of the six unenergized sitios in the three municipalities of Tablas Island in the province of Romblon will no longer have to wait for years as electricity may come to them sooner than later. Administrator Edgardo Masongsong of the state-run National Electrification Administration (NEA) has recently asked the Tablas Island Electric Cooperative, Inc. (TIELCO) […]
A bigger share of electrification projects slated for 2018 will go to unenergized communities of Mindanao to bolster development in the region, state-run National Electrification Administration (NEA) has announced. Administrator Edgardo Masongsong said a PhP 1.817 billion budget has been allotted to provide electricity to 1,817 sitios across the country this year. Of this target, […]
The National Electrification Administration (NEA) encouraged members of the Northeast Luzon Electric Cooperatives Association, Inc. (NELECA) to remain actively engaged in massive efforts aimed at unifying their communities in aid of rural electrification developments. Administrator Edgardo Masongsong made the statement citing the demand for all electric cooperatives (ECs) to prove that they are operationally efficient, […]
The rehabilitation of cash-strapped Abra Electric Cooperative (ABRECO) is now in full swing as the National Electrification Administration (NEA) recently approved its P18.456 million loan to settle some of its power accounts. The money serves as one-month working capital for the Bangued-based power distribution utility to help ensure the continuous delivery of electricity service to […]
With over 19,000 sitios across the country that remain without electricity, the National Electrification Administration (NEA) and its partner electric cooperatives (ECs) have pledged to complete all pending state-funded rural electrification projects by 2022. The commitment was made during the ECs General Managers’ Session held recently at the NEA auditorium in Diliman, Quezon City, which […]
Emphasizing the need to protect the personal information of their stakeholders against digital threats, the National Electrification Administration (NEA) urged anew all electric cooperatives (ECs) to strictly comply with the requirements of Data Privacy Law. This comes after the state-run agency hosted a Data Privacy Summit for its employees and some 154 data protection officers […]