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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 National Electrification Administration (NEA) has directed all electric cooperatives (ECs) to prepare for the possible effects of a tropical depression on their power distribution lines. In its advisory on Wednesday (February 17), the NEA Disaster Risk Reduction and Management Department (DRRMD) instructed the 121 ECs to ensure appropriate contingency measures are in place to […]
Power distribution services in the respective areas of the electric cooperatives (ECs) in Zambales and Pampanga that were affected by the onslaught of Typhoon “Pepito” are now back to normal, the National Electrification Administration (NEA) said. Based on the monitoring report of the NEA Disaster Risk Reduction and Management Department (DRRMD) as of Thursday, October […]
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 […]
The National Electrification Administration (NEA) gave the electric cooperatives (ECs) clearance to secure short-term loans from other financial institutions to mitigate the economic effects of the coronavirus disease 2019 (COVID-19) on their commercial operations. NEA Administrator Edgardo Masongsong recently issued Memorandum No. 2020-015, allowing the 121 ECs to avail of short-term loans from banks and […]
The National Electrification Administration (NEA) said lack of funding is hindering the full implementation of Republic Act No. 11039, also known as Electric Cooperatives Emergency and Resiliency Fund (ECERF) Act aimed to assist the electric cooperatives (ECs) that have incurred damages from calamities, such as Typhoon Tisoy. NEA Administrator Edgardo Masongsong explained that the initial […]
The National Electrification Administration (NEA) is standing by the electric cooperatives (ECs) in Bicol amid concerns over the approval of a proposed measure granting the franchise application of a private corporation to operate a power distribution utility in Camarines Sur. NEA Administrator Edgardo Masongsong conveyed this message on Wednesday during a consultative forum organized by […]
Electric cooperatives (ECs) across the country have reported an increase of 7 percent energy sales in 2018. The National Electrification Administration (NEA) said electricity sales of ECs reached 21,421,471 megawatt hours (MWh) last year, compared with 19,950,097 MWh in 2017. According to the NEA Information Technology and Communication Services Department (ITCSD), this was due to […]
Senator Koko Pimentel III praised a newly-signed Memorandum of Understanding (MOU) on broadband Internet access between the Department of Information and Communications Technology (DICT), the National Electrification Administration (NEA) and one of the largest electric coop groups in the country as “a milestone that will boost modernization and development in the countryside.” DICT, NEA and […]