As of 30 June 2023, according to the data gathered from the Accounting Management and Guarantee Department (AMGD), the National Electrification Administration (NEA) extended PhP560.66 million worth of loan assistance to eighteen (18) Electric Cooperatives (ECs).

Based on the latest data from the AMGD, the PhP225.81 million was utilized for the Capital Expenditure loans of thirteen (13) ECs. These are First Laguna Electric Cooperative, Inc. (FLECO), Quezon I Electric Cooperative, Inc. (QUEZELCO I), Sorsogon I Electric Cooperative, Inc. (SORECO I), Iloilo III Electric Cooperative, Inc. (ILECO III), Northern Negros Electric Cooperative, Inc. (NONECO), Leyte V Electric Cooperative, Inc. (LEYECO V), Zamboanga del Norte Electric Cooperative, Inc. (ZANECO), Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I), Bukidnon Second Electric Cooperative, Inc. (BUSECO), Siasi Electric Cooperative, Inc. (SIASELCO), Basilan Electric Cooperative, Inc. (BASELCO), Siargao Electric Cooperative, Inc. (SIARELCO) and Surigao del Sur I Electric Cooperative, Inc. (SURSECO I).

Meanwhile, PhP272 million were acquired by six (6) ECs, namely Central Pangasinan Electric Cooperative (CENPELCO), First Laguna Electric Cooperative, Inc. (FLECO), Antique Electric Cooperative, Inc. (ANTECO), Zamboanga del Sur II Electric Cooperative, Inc. (ZAMSURECO II), Lanao del Norte Electric Cooperative, Inc. (LANECO) and Misamis Oriental II Electric Cooperative, Inc. (MORESCO II) as their working capital.

The PhP12.85 million went to Misamis Oriental I Electric Cooperative, Inc. (MORESCO I) for their Modular Generator Set. While Lanao del Norte Electric Cooperative, Inc. (LANECO) availed PhP50 million as a Short-Term Credit Facility loan.

The NEA has been offering financial assistance to ECs through its Enhanced Lending Program, which consists of regular, calamity and concessional loans, stand-by and short-term credit loans, single-digit system loss, renewable energy and modular generator set loans. ###