IKOT.PH
The National Electrification Administration (NEA) released P238-million worth of loans, including calamity loans, to various electric cooperatives (ECs) in the first five months of 2020. Data from the NEA Accounts Management and Guarantee Department (AMGD) as of May 31, 2020 showed that P238.606-million was borrowed by 16 ECs across the country. The calamity loan extended […]
More electric cooperatives (ECs) have received calamity loans from the National Electrification Administration (NEA) for the rehabilitation of their power distribution facilities due to the onslaught of Typhoon “Tisoy” in December last year. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that the electrification agency released P51.596-million in calamity loans to six […]
The National Electrification Administration (NEA) through its Enhanced Lending Program has extended over P700-million worth of loans to electric cooperatives (ECs) in 2019, surpassing the full-year target of P450 million. Data from the NEA Accounts Management and Guarantee Department (AMGD) showed the agency released a total of P705 million to 31 ECs, bulk of the […]