As of 31 March 2024, the National Electrification Administration (NEA) extended a total of PhP263.78 Million worth of loans to 12 electric cooperatives (ECs).

According to the latest data from the NEA Accounts Management and Guarantee Department (AMGD), PhP178.45 Million was used for the Capital Expenditure (CapEx) projects of 9 ECs. These are the Tablas Island Electric Cooperative, Inc. (TIELCO), Masbate Electric Cooperative, Inc. (MASELCO), Iloilo II Electric Cooperative, Inc. (ILECO II), Bohol I Electric Cooperative, Inc. (BOHECO I), Bohol II Electric Cooperative, Inc. (BOHECO II), Leyte V Electric Cooperative, Inc. (LEYECO V), Bukidnon Second Electric Cooperative, Inc. (BUSECO), South Cotabato I Electric Cooperative, Inc. (SOCOTECO I) and Siasi Electric Cooperative, Inc. (SIASELCO).

While PhP72 Million were availed as working capital by 3 ECs, namely Camarines Sur III Electric Cooperative, Inc. (CASURECO III), Camotes Electric Cooperative, Inc. (CELCO) and Negros Oriental I Electric Cooperative, Inc. (NORECO I).

BOHECO I also borrowed PhP 13.33 Million as a calamity loan for the rehabilitation of the Janopol Mini-Hydro Power Plant which was previously damaged by Super Typhoon Odette in 2021.

The NEA has been offering financial assistance to ECs through its Enhanced Lending Program. ###