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As of 31 May 2023, the National Electrification Administration (NEA) extended a total of PhP450.66 Million worth of loans to 16 electric cooperatives (ECs).
Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that PhP225.81 Million was used for the capital expenditure projects of 13 ECs. These are First Laguna Electric Cooperative, Inc. (FLECO), Quezon I Electric Cooperative, Inc. (QUEZELCO I), Sorsogon I Electric Cooperative, Inc. (SORECO I), Iloilo III Electric Cooperative, Inc. (ILECO III), Northern Negros Electric Cooperative, Inc. (NONECO), Leyte V Electric Cooperative, Inc. (LEYECO V), Zamboanga del Norte Electric Cooperative, Inc. (ZANECO), Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I), Bukidnon Second Electric Cooperative, Inc. (BUSECO), Siasi Electric Cooperative, Inc. (SIASELCO), Basilan Electric Cooperative, Inc. (BASELCO), Siargao Electric Cooperative, Inc. (SIARELCO) and Surigao del Sur I Electric Cooperative, Inc. (SURSECO I).
Read more: NEA LOANS TO ELECTRIC COOPERATIVES TOTALLED PHP450.66 MILLION AS OF 31 MAY 2023
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The National Electrification Administration (NEA), through Regulatory Advisory No. 2023-004 dated 05 June 2023, instructed all Electric Cooperatives (ECs) to counter-check and validate power bills from power suppliers.
Read more: NEA TO ECS: COUNTER-CHECK AND VALIDATE POWER BILLS FROM POWER SUPPLIERS
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Electric cooperatives (ECs) nationwide were advised by the National Electrification Administration (NEA) to prepare for the impact of Typhoon Betty, which has entered the Philippine Area of Responsibility (PAR) on Saturday.
The NEA Disaster Risk Reduction and Management Department (DRRMD) instructed the ECs to take the appropriate contingency measures in order to mitigate the impact of the potential threats that might affect their electric service.
Read more: NEA TO ECS: PREPARE CONTINGENCY MEASURES FOR TYPHOON BETTY
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In the recently concluded Visayas Warriors of Light Summit - Linemen Rodeo Competition held in Cebu, NEA Administrator Antonio Mariano Almeda recognized the contributions of linemen to the Rural Electrification Program.
The NEA Chief lauded their sacrifice and hard work in electrifying the remote areas of the country to spur socio-economic progress. "Kahit anong galing ng GM, kahit anong galing ng Board, kung wala kayong mga lineman na sumusuporta at nag-iimplement sa desisyon ng management, wala ang galing ng coop," the Administrator told the Warriors of Light.
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In its effort to avoid delays in the implementation of subsidy-funded projects, the National Electrification Administration (NEA) warned all electric cooperatives (ECs) against blacklisted contractors.
As stated in NEA Memorandum 2023-23, ECs are enjoined to charge and impose liquidated damages against erring contractors for any and all delays incurred in the implementation of the projects, pursuant to the provisions of their respective contracts with the contractors.
Read more: NEA WARNS ELECTRIC COOPS AGAINST BLACKLISTED CONTRACTORS
