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    Energizing the countryside, Electrifying the future. . .
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    10 Millionth Consumer Connection Switch-on Ceremony at PICC
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    AESB speaks in 4th Asia Pacific Housing Forum
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    SEP beneficiaries give testimonies on the benefits of electricity during the 2015 NEA-EC Milestones and Recognition Ceremonies.
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    NEA Administrator Edita Bueno (from right), Palo Mayor Remedios Petilla, Leyte Board Member Bob Abellanosa, and JICA Chief Representative Noriaki Niwa lead the ribbon-cutting ceremony for the turn-over of 14 units of boom truck to four electric cooperatives.
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    NEA seals power supply agreement between the Occidental Mindoro Electric Cooperative, Inc. (OMECO) and generators Mindoro Geothermal Power Corporation (MGPC) and Occidental Mindoro Consolidated Power Corporation (OMCPC).
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    NEA receives the ‘Islands of Good Governance’ certification for successfully showcasing breakthrough results in public service.
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    NEA bags Most Outstanding Accounting Office award for the second consecutive year.

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NEA reduces lending rates anew

Media Release

26 May 2016

The National Electrification Administration (NEA) has reduced interest rates on its various loan windows anew in an effort to provide the electric cooperatives (ECs) with more competitive lending rates in financing their rural electrification projects.

 

The NEA Board of Administrators (NEA-BOA) through its Board Credit and Risk Management Committee approved and issued BR No. 43, s. 2016 dated April 14, 2016 thus reducing the interest rates on term and short term loans offered to ECs.


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NEA gathered power coops for National Legal Conclave

Media Release

23 May 2016

The National Electrification Administration (NEA) has gathered 403 General Managers, Board Presidents, Legal Counsels, and Members of the Bids and Awards Committee of 93 electric cooperatives nationwide for the a National Legal Conclave at the Hotel Novotel in Araneta Center, Quezon City on May 19-20, 2016.

 

The conclave is aimed at updating the participants on EC operations under R.A. 10531 or the “National Electrification Administration Reform Act of 2013” and its Implementing Rules and Regulations (IRR); creating more awareness about the emerging trends and jurisprudence in today’s energy scenarios; and further equipping the participants so as to meet the expectations and needs of the EC stakeholders.


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NEA Lights and Sounds in 1st BENECO Choral Fest

Media Release

10 May 2016

NEA’s Lights and Sounds Chorale was the guest performer during the first Benguet Electric Cooperative, Inc. (BENECO) Choral Festival and Competition held at the General Pedro G. Dumol Hall of the new BENECO Building in South Drive, Baguio City on May 7, 2016.

 

BENECO General Manager Gerardo P. Verzosa said, “We have initiated and organized the festival to tap the choral talents of various groups within the franchise area of the electric cooperatives and private investor-owned utilities (PIOUS). We believe that with NEA’s support, this undertaking could be a point of convergence for all ECs and PIOUs, as well”.


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