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 […]
