The National Electrification Administration (NEA) facilitated a total of P1.8-billion state-funded loans, benefiting at least 36 electric cooperatives (ECs) in 2024, data released by the Accounts Management and Guarantee Department (AMGD) showed.

Bulk of the funds worth P1.19-billion went to the capital expenditure (CapEx) projects of 30 ECs in Bataan, Bohol, Bukidnon, Camarines Sur, Capiz, Cebu, Davao del Sur, Iloilo, Leyte, Masbate, Misamis Oriental, Negros Oriental, Northern Samar, Nueva Ecija, Romblon, South Cotabato, Sultan Kudarat, Sulu, Surigao del Norte, Surigao del Sur, Tarlac and Zamboanga del Norte.

The NEA-AMGD also processed working capital loans worth P607-million distributed to eleven (11) ECs serving electricity consumers in Capiz, Camarines Sur, Camotes Island, Davao del Norte, Guimaras, Kalinga Apayao, Marinduque, Negros Oriental, Sultan Kudarat and Ticao Island.

Bohol I Electric Cooperative, Inc. (BOHECO I) borrowed P13.33-million as calamity loan to finance the rehabilitation of the Janopol Mini-Hydro Power Plant, which was damaged by super typhoon ‘Odette’ in 2021.

The NEA under the incumbent administration provides financial assistance to its partner ECs through the Enhanced Lending Program. The mechanism aims to ensure their operations will continue for the benefit of their member-consumer-owners. ###