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During a consultative meeting on 11 June 2023 in Davao City, NEA Administrator Antonio Mariano Almeda called for the support of the electric cooperatives (ECs) to help improve the power situation in Maguindanao.

ECs from Region 11, 12, and Agusan del Sur Electric Cooperative, Inc. (ASELCO) heeded the call of Admin. Almeda to lend a helping hand to Maguindanao Electric Cooperative (MAGELCO). The electric cooperatives raised a total of PHP18 Million to be loaned interest-free to MAGELCO for the uprating of their 5 MVA power transformer to 10 MVA located at Brgy. Capiton, Datu Odin Sinsuat, Maguindanao del Norte. This will help address their power reliability and minimize MAGELCO’s systems loss.

As of 31 May 2023, the National Electrification Administration (NEA) extended a total of PhP450.66 Million worth of loans to 16 electric cooperatives (ECs).

Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that PhP225.81 Million was used for the capital expenditure projects of 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).

The National Electrification Administration (NEA), through Regulatory Advisory No. 2023-004 dated 05 June 2023, instructed all Electric Cooperatives (ECs) to counter-check and validate power bills from power suppliers.