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As of 31 March 2024, the National Electrification Administration (NEA) extended a total of PhP263.78 Million worth of loans to 12 electric cooperatives (ECs).
According to the latest data from the NEA Accounts Management and Guarantee Department (AMGD), PhP178.45 Million was used for the Capital Expenditure (CapEx) projects of 9 ECs. These are the Tablas Island Electric Cooperative, Inc. (TIELCO), Masbate Electric Cooperative, Inc. (MASELCO), Iloilo II Electric Cooperative, Inc. (ILECO II), Bohol I Electric Cooperative, Inc. (BOHECO I), Bohol II Electric Cooperative, Inc. (BOHECO II), Leyte V Electric Cooperative, Inc. (LEYECO V), Bukidnon Second Electric Cooperative, Inc. (BUSECO), South Cotabato I Electric Cooperative, Inc. (SOCOTECO I) and Siasi Electric Cooperative, Inc. (SIASELCO).
Read more: NEA LOANS EXTENDED TO ECS REACH PHP263.78 MILLION AS OF THE FIRST QUARTER OF 2024
Administrator Antonio Mariano Almeda called on all 121 electric cooperatives (ECs) nationwide to share their best practices with one another in order to enhance the reliability and efficiency of their power distribution services for the benefit of their member-consumer-owners (MCOs). This was done through a summit organized by the National Electrification Administration (NEA) on Monday, 01 April 2024.
Included in the agenda are the following areas of concern: fluctuating voltage in the technical systems of the co-ops; management of the EC Reinvestment Funds and EC Retirement Funds; loan facilities to establish the Advanced Metering Infrastructure (AMI), Supervisory Control and Data Acquisition System (SCADA) and Geographic Information System (GIS) of the ECs; concerns with respect to the enhanced Integrated Computerized Planning Model (e-ICPM); and the timeline of EC bidding activities.
Read more: NEA HOLDS SUMMIT TO FACILITATE SHARING OF BEST PRACTICES AMONG ELECTRIC COOPERATIVES
The National Electrification Administration (NEA) recently issued a new memorandum directing all electric cooperatives (ECs) to submit copies of their respective board resolutions with respect to the retirement fund of their employees.
NEA Deputy Administrator (DA) for EC Management Services Omar Mayo signed the memo dated 15 March 2024.
Read more: NEA DIRECTS ECS TO SUBMIT BOARD RESOLUTIONS ON EMPLOYEES RETIREMENT FUND
- MEMORANDUM TO ECs
- LEGAL ADVISORY
- TECHNICAL ADVISORY
- INSTITUTIONAL ADVISORY
- REGULATORY ADVISORY
- NEABIT ADVISORY
- NEA JOB VACANCIES
- NEA BIDS AND NOTICES
- NEA ANNUAL REPORTS
- NETI Advisories
- NEA Accredited External Auditors (as of February 2024)
- Quality Management System Documents ISO 9001:2015
- Revised Service Charter NEA EC Audit Department
- NEA 2024 Annual Regulatory Plan (ARP)
- NEA Facebook Page
- Office of Corporate Secretary - QR REQUEST FORM
- Memo to ECs No. 2024-17 - Implementation of the Interruptable Load Program in Preparation for Summer 2024
- Memo to ECs No. 2024-16 - Monthly Submission of WESM Impact
- Memo to ECs No. 2024-15 - Submission of Electric Cooperative's (EC) Local Total Electrification Roadmap (LTER)
- Memo to All ECs - Submission of the EC Background and Updated Organizational Structure New
- Regulatory Advisory No. 2024-001 - Compliance with the 2023 CSP Policy and its Implementing Rules and Guidelines
- CCSMO Advisory To All ECs: Output of the 2023 NEA-EC Convergence: Power Forum
- Technical Advisory No. 02 s 2024 - Energy and Interruption Data
- Institutional and Legal Advisory No. 01 s 2024 - Clarification on Certain Provisions in the Implementation of the Collective Bargaining Agreement of the Electric Cooperatives
