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The National Electrification Administration (NEA) has instructed all 121 electric cooperatives (ECs) to comply with the 2024-2028 projected number of potential consumer connections in pursuit of its accelerated total electrification plan.
NEA Administrator Antonio Mariano Almeda signed a memorandum dated 12 December 2023, encouraging the ECs to harmonize their targets and monitor accomplishments towards the aforesaid goal in line with the Local Total Electrification Roadmap and the Distribution Development Plan.
Read more: NEA ENJOINS POWER CO-OPS TO STAY ON TRACK OF 2024-2028 CONSUMER CONNECTIONS TARGET
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The National Electrification Administration (NEA) already disbursed a total of P975.54-million worth of loans to at least 26 electric cooperatives (ECs) between January to 30 November 2023, according to the latest report of its Accounting Management and Guarantee Department (AMGD).
The updated figures showed that the state-owned corporation already exceeded its P700-million target releases for the year by 139.36-percent. The largest part or P474.69-million funded the capital expenditures (CapEx) of 19 ECs particularly those in the Mindanao.
Read more: NEA: LOANS FACILITATED TO ECS NEAR P1-BILLION AS OF END OF NOVEMBER
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With the recent successful implementation of the Integration of Productive Uses of Renewable Energy (I-PURE) program in Mindanao, the National Electrification Administration (NEA) looks forward to improving the electrification rate of the entire island, which is currently at 80 percent.
NEA Administrator Antonio Mariano Almeda issued this statement Thursday last week, 09 November 2023, when he attended the switch-on and building marker unveiling ceremonies of several key I-PURE projects in Tacurong City, Sultan Kudarat.
In his remarks, the Administrator took note of the opportunities that the entire I-PURE program, and other similar projects, would bring in terms of addressing the challenge of 100 percent total electrification by 2028.
Read more: NEA HOPES I-PURE PROJECTS WILL BOOST MINDANAO ELECTRIFICATION RATE
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The National Electrification Administration (NEA) welcomed the support of the Spanish Embassy in the Philippines, which expressed serious interest in developing an electrical grid for Maguindanao del Sur to improve its power distribution system and spur economic growth in the province.
This transpired following a closed-door meeting between officials of the NEA led by Administrator Antonio Mariano Almeda and the visiting Spanish Ambassador Miguel Utray Delgado with Vice Governor Nathaniel Midtimbang and other local government executives last 08 November 2023.
Read more: NEA Working with Spanish Embassy to Revamp Power Distribution Ops in Maguindanao del Sur
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The National Electrification Administration (NEA) processed a total of P934.56-million worth of loans to support the operations of 24 electric cooperatives (ECs), based on data released by its Accounting Management and Guarantee Department (AMGD) as of 31 October 2023.
The AMGD said P449.71-million was used to fund the capital expenditures (CapEx) of 18 ECs, including three (3) electric distribution utilities from Luzon: First Laguna Electric Cooperative, Inc. (FLECO), Quezon I Electric Cooperative, Inc. (QUEZELCO I), and Sorsogon I Electric Cooperative, Inc. (SORECO I).
Read more: NEA: LOANS EXTENDED TO POWER CO-OPS REACH P934.56-M AS OF THE END OF OCTOBER
