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The National Electrification Administration (NEA) facilitated a total of P1,002,540,867.31 worth of loans to 28 electric cooperatives (ECs) by the end of calendar year 2023, according to the latest report of its Accounts Management and Guarantee Department (AMGD).

Based on updated figures released for the month of December 2023, the AMGD processed an additional P27,000,000 worth of loans to mostly fund the working capital of ECs.

Officials from the National Electrification Administration (NEA) attended a special gathering hosted by the Pampanga I Electric Cooperative, Inc. (PELCO I) on Thursday, 28 December 2023, to celebrate another year of strong partnership.

Deputy Administrator (DA) for EC Management Services Atty. Omar Mayo and Board Member (BM) Agustin Maddatu led the NEA officials and employees present during the ceremony held at the PELCO-I SMCGP Knowledge Center in Santo Domingo, Mexico, Pampanga.

In his remarks, the DA thanked PELCO I for sending electric meters and other forms of support to their fellow cooperatives in Maguindanao and Lanao del Sur.

The National Electrification Administration (NEA) maintained an effective Quality Management System (QMS) of its legal, institutional, financial and technical services to electric cooperatives (ECs), thereby enabling the Agency to qualify for a new certificate from the International Organization for Standardization (ISO).

TÜV Rheinland Philippines, Inc. conducted a recertification audit of NEA last 21 December 2023. The independent auditors recommended the issuance of the ISO 9001:2015 certificate to the state-owned corporation after passing their evaluation.

“The audit team confirms in line with the audit targets that the organization’s management system complies with, adequately maintains and implements the requirements of the standard(s),” TÜV said in its initial audit report.