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NEA loans Php2.019 billion to power coops

Media Release

17 February 2016

The National Electrification Administration (NEA) has lent a total of Php2.019 billion loans to 51 electric cooperatives (ECs) in 2015 to finance, among others, their capital expenditure projects and immediately rehabilitate their power distribution systems.

 

Of the said amount, Php308 million loan borrowed by 14 ECs due to Typhoons Mario, Lando, Glenda, Nona, Ruby and Seniang. Calamity loan has a term of 10 years of repayment period and one year grace period with interest rates ranging from 3.25% - 4%.


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NEA showcases solar power initiative

Media Release

09 February 2016

In line with the government’s thrust of promoting the use of renewables, the National Electrification Administration (NEA) has initiated the installation of the 22 kwp solar photovoltaic (PV) facility on its rooftop to cover part of its power requirements.

 

In a switch-on ceremony held last February 9, NEA Administrator Edita S. Bueno said that “the newly-installed solar PV system of the Agency is envisioned to be a showcase initiative for electric cooperatives (ECs) wishing to do green venture projects in the near future.”


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JICA turns over boom trucks to Yolanda-stricken coops

Media Release

27 January 2016

The Japan International Cooperation Agency (JICA) has turned over 14 units of brand-new boom trucks to four electric cooperatives (ECs) devastated by super typhoon Yolanda.

 

In a turn-over ceremony held on January 25 at the regional office of the Department of Public Works and Highways (DPWH) in Palo, Leyte, National Electrification Administration (NEA) Administrator Edita Bueno said the Agency acted as conduit for the grant of equipment to Don Orestes Romualdez Electric Cooperative, Inc. (Dorelco), Leyte II Electric Cooperative, Inc. (Leyeco II), Eastern Samar Electric Cooperative, Inc. (Esamelco), and Samar II Electric Cooperative, Inc. (Samelco II) to capacitate these coops in their disaster risk reduction and management efforts.


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NEA approves Mindoro Coop Power Supply Guarantee

Media Release

15 January 2016

The National Electrification Administration (NEA) has approved the guarantee for Power Supply Agreement (PSA) between the Occidental Mindoro Electric Cooperative, Inc. (OMECO), Mindoro Geothermal Power Corporation (MGPC) and the Occidental Mindoro Consolidated Power Corporation (OMCPC) to boost power reliability and sustainability in the Mindoro Island.

 

The PSA Guarantee for OMECO is the first that NEA released under its new charter, R.A. 10531 also known as the “National Electrification Administration Reform Act of 2013”. NEA is mandated to implement the government’s rural electrification program and may act as guarantor for the electric cooperatives’ power purchase transactions with independent power suppliers.


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RE program is about improving people’s lives, says Sec. Almendras

Media Release

8 December 2015

“Celebrating thirty thousand sitios—that’s just a number. But that number is about people’s lives. That number is about the improvement, the quality that you brought into the lives of the people.”

 

Thus said Cabinet Secretary Jose Rene Almendras in his address to nearly 1,500 delegates of the 2015 NEA-EC Milestones and Recognition Ceremonies where he underscored the vital role of rural electrification in improving the lives of Filipinos in far-flung sitios in the country.


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Philreca congratulates NEA for IGG recognition

Media Release

08 December 2015

The Philippine Rural Electric Cooperatives Association, Inc. (Philreca) has congratulated the National Electrification Administration for earning the recognition as one of the country’s “Islands of Good Governance” through Resolution No. 10-22-2015 issued on October 27, 2015 during the association’s Board Meeting held at the Quezon City Sports Club.

 

Philreca, is a non-stock, non-profit national organization, which is comprised of 121 electric cooperatives in the country. Together, its membership provided electricity service for more than 10 million consumer connections all throughout the Philippines. Public advocacy is one of the main functions of the Association. It is currently headed by Zamboanga del Sur I Electric Cooperative, Inc. (Zamsureco I) General Manager Jose Raul Saniel.


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NEA awards outstanding electric cooperatives

Media Release

03 December 2015

The National Electrification Administration (NEA) has recognized electric cooperatives with exemplary performance as well as gave citations for those with distinctive achievements during the Lumens Awards at the Philippine International Convention Center in Pasay City on December 2, 2015. The Lumens Awards is a recognition ceremony for the best performing electric cooperatives nationwide.

 

Administrator Edita S. Bueno said, “We commend all the awardees for their outstanding performance. More importantly, we recognize their efforts in going beyond their electrification duties. Truly, you are beacons of hope and guiding lights of the future in your respective communities.”


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NEA, ECs energize 30 thousandth sitio, reach 11 millionth household connection

Media Release

02 December 2015

With only a few months before the target completion of the Sitio Electrification Program (SEP), the National Electrification Administration (NEA) has reported accomplishing the 30 thousandth energized sitio and the 11 millionth household connection together with its partner-electric cooperatives nationwide.

 

NEA Administrator Edita S. Bueno said these milestones reflect the “strengthened partnership of the Agency and the electric cooperatives (ECs) in bringing power to a majority of underserved sitios in the country and helping people in these communities gain access to basic social services and enjoy livelihood opportunities.”


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NEA Bags Most Outstanding Accounting Office Award Anew

Media Release

28 October 2015

The National Electrification Administration (NEA) bagged anew the Most Outstanding Accounting Office Award.

 

For the second consecutive year, the state-run agency was recognized by the Association of Government Accountants of the Philippines (AGAP) as one of the country’s Most Outstanding Accounting Offices during the AGAP Convention Seminar at the Aziza Paradise Hotel in Puerto Princesa City, Palawan on October 21, 2015.


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NEA named Island of Good Governance

Media Release

27 October 2015

The National Electrification Administration (NEA) now holds the distinction of being the first government-owned and controlled corporation (GOCC) to join the roster of ‘Islands of Good Governance’ (IGG) after successfully showcasing breakthrough results that have brought about transformations in the public sector.

 

In a public revalida held on October 20 at the Philippine International Convention Center (PICC), NEA Administrator Edita S. Bueno said, “The Agency committed to attain three ‘breakthrough goals’ by the end of the year as part of its efforts ‘to raise the standard of public governance’”.


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