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NEA No Longer a Burden to the Government

The National Electrification Administration (NEA) may be among the GOCCs being closely monitored by the Department of Finance (DoF), but it has not been a burden to the national government (NG) for sometime now. In fact, since its restructuring in 2004, it has taken major strides in terms of ensuring good corporate governance, guaranteeing sound financial management and making sure of effectively delivering its mandate of “totally electrifying the country on an area coverage basis”.


NEA is 1st National Government Agency to be PGS-Institutionalized

The National Electrification Administration (NEA) became the first national government agency to be conferred as Performance Governance System (PGS)-Institutionalized by the Institute for Solidarity in Asia (ISA) on September 23, 2010 at the Hotel Sofitel in Manila.

ISA is an organization committed to lead sector leaders, public officials and citizens to the pathway of good governance. It assists public sector organizations to improve their governance practices and raise them to global standards through the PGS. It is founded and chaired by former Finance Secretary Jesus P. Estanislao who also currently chairs the President’s Governance Advisory Council, which advises the Philippine President on governance issues.


NEA leads rehab of Southern Coop

The people of Tawi-Tawi can expect better electricity service in the coming days.

The National Electrification Administration (NEA) has deployed a management team to provide assistance to the Tawi-Tawi Electric Cooperative, Inc. (TAWELCO), a debt-ridden and problem-plagued electric distribution utility in Southern Philippines. Since its assumption in April 2009, the Management Team has instituted various programs to address the existing problems such as high systems loss, rampant electricity pilferages and human resource/institutional instability.


Need for Strong Institutions Underscored in NEA-EC Conference

“There is a need for the electric cooperatives to be strong institutions for long-term sustainability in the competitive electricity industry”, said Administrator Edita S. Bueno as she addressed the 432 participants from 108 ECs and various local and foreign guests during the NEA-EC Consultative Conference in Quezon City on August 3, 2010.

“NEA and the ECs want to be part of the solution and not the problems”, the Administrator added.

Energy Secretary Jose Rene D. Almendras, who is also the Chair of the NEA Board of Administrators, lent his support to the undertaking with his attendance to the said conference. “Energy is such an important component of development. Electricity cuts across the whole spectrum of demographic areas and demographic classes. That is why NEA and the ECs are important components of the government initiative to bring services to the rural areas. There are many challenges in the energy sector and the key is to start finding the solution. We need to work together and to listen to each other. So, I think your activity today is great”, said the DOE Secretary.


DOE Secretary commends NEA on May 10 Polls

doe secretary

“Congratulations for a job well done!” said Department of Energy Acting Secretary Jose C. Ibazeta in a letter to Administrator Edita S. Bueno of the National Electrification Administration (NEA).

The Acting Energy Chief commended the Administrator and the NEA team for having successfully delivered their commitment and contribution to ensure reliable and adequate supply of electricity with utmost vigilance and alertness during the May 10 first automated national and local elections in the country, particularly during the critical period of May 9-11, 2010.

“NEA and the electric cooperatives nationwide are happy to have served the Philippines and Filipino people during the crucial moment of our history. The first automated national elections would not have been possible without electricity supply in every part of the country. Its success is, in part, a success also of the Rural Electrification Program,” said Administrator Bueno.

She created the Power Task Force: Operation Bantay Kuryente through Office Order No. 2010-031 to strengthen vigilance and ensure responsive monitoring of power services of the electric cooperatives during the National and Local Elections on May 10, 2010. Deputy Administrator Edgardo Piamonte was assigned as Over-all task Force Commander with Engineering Director Jose Seguban, Jr. as his assistant.


Laneco Inks P259 M Loan with NEA for RE Projects

The Lanao del Norte Electric Cooperative, Inc. (Laneco) has inked a P259 million loan with state firm National Electrification Administration (NEA) to fund its rural electrification projects for five years.

The loan signing coincided with the blessing and inauguration of Laneco’s Administration and Engineering buildings in the Laneco Energy Center in Sagadan, Poblacion, Tubod , Lanao del Norte last April 29, 2010. Administrator Edita S. Bueno was guest of honor during the ribbon cutting ceremony where she was assisted by Laneco General Manager Resnol Torres.

The loan is intended to finance the rehabilitation, revamp and upgrading of distribution lines; construction of power substation; acquisition of 69-KV sub-transmission line; and procurement of logistics and non-electrical projects.

Terms of the loan include 9% per annum interest rate; 12% default charge per annum; 15 years repayment period with a maximum of one year grace period; and subject to accelerated repayment scheme.


NEA Loans P116 M to Moresco I for power substations

In an effort to mitigate the current problem on power supply and avert future power crisis, the construction of P116 million worth of three power sub-stations are to be constructed in the Province of Misamis Oriental and City of Cagayan de Oro.

The National Electrification Administration (NEA), represented by Administrator Edita S. Bueno, has signed a Memorandum of Agreement (MOA) with the Misamis Oriental I Rural Electric Service (Moresco I), represented by General Manager Julie B. Real and Moard President Bernard Benavidez, last April 28, 2010. The agreement was to finance the construction of 10 MVA Substation and sub-transmission and primary distribution lines in Canituan in Cagayan de Oro City; Barangay Moog in the Municipality of Laguindingan and Brgy. Quibonton in El Salvador, both in Misamis Oriental. The loan is also to fund the acquisition of 21,654 electronic kilo watt hour meters; logistics/non-electrical projects; Energy Regulatory Commission (ERC) capital expenditure application fee and processing fee.


First Single Digit Systems Loss in Mainland Luzon

The single digit systems loss of Electric Cooperatives (ECs) is the aim of the national government by 2010. To this end, the National Electrification Administration (NEA) came up with a system loss reduction program for its partners, the 119 ECs, in order to lower the national level of ECs’ systems losses. The target for the year 2007 is 14%, 13% for 2008, 11% for 2009, and 9% by 2010. A savings of about P670 million a year is gained for every 1% reduction in ECs’ systems losses. The Tarlac I Electric Cooperative, Inc. (TARELCO I) is the first EC in mainland Luzon to have lowered its systems loss to single digit in 2006. And the cooperative has maintained the single digit for 2007 at 9.55%. From as high as 17.68% systems loss in 2000, TARELCO I has lowered its systems loss dramatically in a span of seven years, demonstrating its strong commitment in responding to the call of government to attain the single digit target by 2010.