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In a memorandum dated 14 February 2023, the National Electrification Administration (NEA) reminded the electric cooperatives (ECs) to submit their reportorial requirements for the EC Overall Performance Assessment.

Pursuant to the mandate under Republic Act No. 9136 and Republic Act No. 10531, the assessment of the overall performance of electric cooperatives shall commence on 28 February 2023, which is the last day for the submission of the requirements.

PhP1.2 Billion worth of loans were extended by the National Electrification Administration (NEA) to thirty-five (35) electric cooperatives last year, according to the agency's Accounts Management and Guarantee Department (AMGD).

The National Electrification Administration (NEA) has directed the Region I, Cordillera Administrative Region (CAR) Electric Cooperatives (ECs) and the Sorsogon I Electric Cooperative, Inc. (SORECO I) (“Aggregation”) to report and explain the highly irregular process undertaken by it regarding the Competitive Selection Process (CSP) for the purchase of a aggregated power requirement of the participating ECs totaling to 130MW.

During a consultative meeting between NEA and the Aggregation last February 9, 2023, It was discovered that the Aggregation’s Joint Third Party Bids and Awards Committee earlier declared two (2) failed biddings on June 14, 2022 and December 9, 2022 when the bidders were found short of the requirements as prescribed under the pertinent Terms of Reference (TOR).