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A total of 27 electric cooperatives (ECs) applied for state-funded loans to finance their capital expenditures (CapEx), among other projects, by end of August 2024, the National Electrification Administration (NEA) has reported. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that 22 ECs borrowed at least P780-million for their CapEx projects. […]
The Energy Regulatory Commission (ERC) is eyeing to collaborate with the National Electrification Administration (NEA) on an initiative aimed at fast-tracking the approval of the electric cooperative’s capital expenditure (CapEx) projects. In a recent meeting between the NEA and ERC officials led by Administrator Edgardo Masongsong and Chairperson Agnes Devanadera, respectively, the adoption of a […]