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NEA Releases P794 M Loans to Power Coops

The demands of the competitive electricity industry require electric cooperatives (ECs) to be operationally strong and viable.

As the agency tasked, among others, to prepare the ECs for this tough scenario, the NEA facilitated the release of P794 M loans to 38 electric cooperatives in the first 10 months of 2011 through its Enhanced Lending Program.

Calamity loan was availed of by Kaelco (P5M), Cagelco II (P3.013M), Iselco II (P12M) and Aurelco (P5M) for the rehabilitation of their damaged distribution system wrought by typhoons “Juan”, “Pedring” and “Quiel”.

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Sitio Electrification gets PNoy nod

President Benigno S. Aquino III has given priority to the Sitio Electrification and Barangay Line Enhancement Programs in compliance to his administration’s social contract with the Filipino people.

The economic pillars of the Aquino Administration are job creation and investment generation to improve the lives of the Filipinos, especially the poor. Along this line, Energy Secretary and NEA Board Chair Jose Rene D. Almendras has interceded to the President for the approval of funds for the two Programs. The President has approved the necessary funds for the programs, on a yearly basis of at least P2 billion. This fund can be increased based on status of the program such as pace of completion, promptness to compliance of project requirements and breadth of impact.

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NEA Board approves the adoption of options for ailing ECs

With high hopes of helping ailing electric cooperatives to recover and serve better their member-consumers, the NEA Board of Administrators led by Energy Secretary Jose Rene D. Almendras, has approved the adoption of options for ailing ECs.

In a Memorandum to all electric cooperatives, it was stated that it is the policy of NEA “to provide options for ailing ECs to ensure continuous delivery of electric service in their coverage area”.

By definition, ailing ECs are those which have no means of meeting their outstanding obligations due to financial, technical and/or institutional inefficiency.

The parameters to be used in determining whether an EC is ailing or not include the high system loss, low collection efficiency, current ratio, operating loss, huge liabilities, negative net worth and institutional problems such as governance, consumer per employee ratio and adherence to policies.

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The Career Executive Service Board

2011 National Electrification Awareness Month

RE Program reaches the 9 millionth household connection

neam

This year, another milestone in the RE Program was achieved with the connection of the 9 millionth household in Barangay Visitacion, Sta. Ana, Cagayan under the coverage area of Cagayan II Electric Cooperative, Inc. (CAGELCO II) on May 10, 2011. The beneficiary, Mrs. Shella Marie Agbayani, is an active member of the community. She is the President of the Rural Improvement Club (RIC) of their barangay. Mrs. Agbayani’s family now experiences the comforts of life through electricity. Her son, Dino, now uses a brighter bulb for his study sessions at night. Her husband, Dionisio, uses electricity to willow their mongo harvests using an electric fan. And Shella, herself looks forward in being able to create business opportunities to augment her P200.00 income per day as a checker/secretary of her aunt’s grain-buying station.

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NEA, ECs energize 9 millionth House Connection

The National Electrification Administration (NEA) and the Electric Cooperatives (ECs) will energize the nine millionth house connection under its Rural Electrification Program in accordance with the Aquino government’s commitment to alleviate poverty.

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Nation celebrates National Electrification Awareness Month

The National Electrification Administration (NEA) will spearhead several programs in celebration of the National Electrification Awareness Month (NEAM) and its 42nd Anniversary this August.

“The celebration of the National Electrification Awareness Month aims to inform the public and various government sectors of the importance of the electrification program in nation building and its relevance in uplifting the status of living of our folks in the countryside . In our yearly, month-long observance of this event, we would like to update them of what the program continues to accomplish for the benefit of our stakeholders, the ECs and their member-consumers”, said Administrator Edita S. Bueno.

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NEA Bags First Environmental Excellence Award

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It pays to be environment-friendly. In its efforts to make environmental-friendly programs a way of life, the National Electrification Administration has been named as one of the recipients of the First Environmental Excellence Award for 2011 by the Department of Environment and Natural Resources (DENR) during the Recognition Ceremony for Eco-friendly Government Offices at the Sulo Riviera Hotel in Quezon City on June 29, 2011.

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More Funds Secured for Electrification Projects

The National Electrification Administration (NEA) has secured more funds for electrification projects of the electric cooperatives. The state-run agency has signed a Memorandum of Agreement with the Development Bank of the Philippines (DBP) for the co-financing of ECs’ funding requirements on June 10, 2011 at the DBP Head Office in Makati City.

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NEA axes erring ZAMCELCO officials

The National Electrification Administration (NEA) Board of Administrators has issued an eight-paged decision for the removal of the General Manager of the Zamboanga City Electric Cooperative, Inc. (ZAMCELCO) and eight of the coop’s Board of Directors for repeated violation/non-compliance to NEA issuances, memoranda and other rules and regulations.

Ordered dismissed were GM Reinerio R. Ramos, Board of Directors Rolando Gregorio, Tito Espiritusanto, Leonir Toribio, Aida Loong, Ronald Maravilla, Emias Alvia, Alexis Ortega and Noel Tarrazona.

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