As of 30 June 2024, the National Electrification Administration (NEA) extended a total of PhP873.31 Million worth of loans to 21 electric cooperatives (ECs).

According to the latest data from the NEA Accounts Management and Guarantee Department (AMGD), PhP447.98 Million was used for the Capital Expenditure (CapEx) projects of 15 ECs. These are the Tarlac I Electric Cooperative, Inc. (TARELCO I), Peninsula Electric Cooperative, Inc. (PENELCO), Tablas Island Electric Cooperative, Inc. (TIELCO),

Masbate Electric Cooperative, Inc. (MASELCO), Iloilo II Electric Cooperative, Inc. (ILECO II), Camotes Electric Cooperative, Inc. (CELCO), Bohol I Electric Cooperative, Inc. (BOHECO I), Bohol II Electric Cooperative, Inc. (BOHECO II), Cebu III Electric Cooperative, Inc. (CEBECO III), Leyte V Electric Cooperative, Inc. (LEYECO V), Northern Samar Electric Cooperative, Inc. (NORSAMELCO), Bukidnon Second Electric Cooperative, Inc. (BUSECO), South Cotabato I Electric Cooperative, Inc. (SOCOTECO I), Siasi Electric Cooperative, Inc. (SIASELCO) and Surigao del Sur II Electric Cooperative, Inc. (SURSECO II).

While PhP412 Million were availed as working capital by 7 ECs, namely Marinduque Electric Cooperative, Inc. (MARELCO), Camarines Sur II Electric Cooperative, Inc. (CASURECO II), Camarines Sur III Electric Cooperative, Inc. (CASURECO III), Capiz Electric Cooperative, Inc. (CAPELCO), Camotes Electric Cooperative, Inc. (CELCO), Negros Oriental I Electric Cooperative, Inc. (NORECO I) and Northern Davao Electric Cooperative, Inc. (NORDECO)

BOHECO I also borrowed PhP 13.33 Million as a calamity loan for the rehabilitation of the Janopol Mini-Hydro Power Plant which was previously damaged by Super Typhoon Odette in 2021.

The NEA has been offering financial assistance to ECs through its Enhanced Lending Program. ###