The National Electrification Administration (NEA) has disbursed a total of P1.8 billion in financial aid to 41 electric cooperatives (ECs) nationwide. The assistance, channeled through the Enhanced Lending Program, includes working capital loans for operational expenses and calamity loans for rehabilitation projects. NEA emphasized its commitment to supporting ECs through various loan programs and initiatives, particularly in delivering reliable electricity services and promoting electrifications.
Bulk of the amount was allocated to support the working capital expenditure of 30 ECs. Based on NEA -Accounts Management and Guarantee Department data, P1.19 billion was availed by ECs in Bataan, Bohol, Bukidnon, Camarines Sur, Capiz, Cebu, Davao del Sur, Iloilo, Leyte, Masbate, Misamis Oriental, Negros Oriental, Northern Samar, Nueva Ecija, Romblon, South Cotabato, Sultan Kudarat, Sulu, Surigao del Norte, Surigao del Sur, Tarlac and Zamboanga del Norte.
The NEA-AMGD also processed working capital loans worth P607 million distributed to 11 ECs serving consumers in Capiz, Camarines Sur, Camotes Island, Davao del Norte, Guimaras, Kalinga Apayao, Marinduque, Negros Oriental, Sultan Kudarat and Ticao Island.Meanwhile, Bohol I Electric Cooperative Inc. borrowed P13.33 million as calamity loan to finance the rehabilitation of the Janopol Mini-Hydro Power Plant, which was damaged by super typhoon Odette in 2021.The NEA, which oversees 121 ECs, has been offering financial assistance through its Enhanced Lending Program, which consists of regular, calamity, and concessional loans, standby and short-term credit loans, single-digit system loss loans, renewable energy loans, and modular generator set loans. Republic Act 9136, or the Electric Power Industry Reform Act of 2001, tasks NEA with overseeing missionary electrification and providing financial, institutional, and technical assistance to electric cooperatives. NEA recently specified the criteria and parameters for ECs that are keen on availing exemptions from local taxes, fees and charges in their respective local government units . Under NEA Memorandum 2025-02 dated January 9, a perfect score of 25 points will be awarded to an EC if it obtains a 97-percent collection efficiency rating. Non-efficient ECs graded 89 percent and below will only be awarded five points. Meanwhile, a 10-point bonus will be granted to ECs that will maintain “positive” result of financial operation, inclusive of reinvestment fund for sustainable capital expenditures. On the technical side, NEA said the cooperatives will be scored based on the frequency and duration of power outages to gauge network system reliability. At an institutional level, NEA said ECs must hold annual general membership assemblies and district elections to earn a perfect score of 10 points, respectively. The ECs must also achieve 90 percent to 100 percent energization rates to gain 15 points. Energization rates at 59 percent and below are awarded 11 points.A Journalism Graduate of Letran College, Lenie Lectura is a multi-awarded veteran beat reporter of highly regulated industries, telco and energy. She has been consistently named best reporter for her coverage of energy and telecommunications issues. She was also recognized for having the best feature story, which tackled the transportation issues. She has also churned out exclusive reports from all the business beats she covered.
ELECTRIC COOPERATIVES FINANICAL ASSISTANCE NEA ENERGY REHABILITATION
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