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.
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. 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.
ELECTRIC COOPERATIVES FINANICAL ASSISTANCE NEA ENERGY REHABILITATION
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