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The rehabilitation of cash-strapped Abra Electric Cooperative (ABRECO) is now in full swing as the National Electrification Administration (NEA) recently approved its P18.456 million loan to settle some of its power accounts. The money serves as one-month working capital for the Bangued-based power distribution utility to help ensure the continuous delivery of electricity service to […]
With over 19,000 sitios across the country that remain without electricity, the National Electrification Administration (NEA) and its partner electric cooperatives (ECs) have pledged to complete all pending state-funded rural electrification projects by 2022. The commitment was made during the ECs General Managers’ Session held recently at the NEA auditorium in Diliman, Quezon City, which […]
State-run National Electrification Administration (NEA) has released P2.096-billion worth of loans, including calamity loans, to 52 electric cooperatives (ECs) through various loan windows in 2017, surpassing its target of P1.7-billion for the year. The bulk of the loans, amounting to P1.298-billion, helped bankroll the capital expenditure projects of different ECs, while P304-million were borrowed by […]
The National Electrification Administration (NEA) Board of Administrators recently approved the calamity loan that would fund the rehabilitation and reconstruction of the damaged power distribution lines in Marawi City. Administrator Edgardo Masongsong said the NEA Board, in a resolution dated December 5, approved the request of the Lanao del Sur Electric Cooperative, Inc. (LASURECO) for […]
State-run National Electrification Administration (NEA) remains steadfast in its commitment to carry out the total electrification of the country despite the many challenges, including the liquidation of subsidy funds released to its partner electric cooperatives. Administrator Edgardo Masongsong, in a press conference with Energy Secretary Alfonso Cusi and other officials at the Department of Energy […]
Now that the Senate has approved the government’s requested tax reform package, Senator Win Gatchalian is reminding the Department of Finance (DOF) to “keep its end of the bargain” in helping poor families cope with expected price increases of essential commodities. “The government has promised to roll out an expanded cash transfer program to […]
“The Philippines is at the forefront of the global concern for the protection of journalists. In creating a presidential task force specifically organized for the purpose of media security, the government is showing that it is serious and sincere in addressing the rights and welfare of journalists.” This according to Undersecretary Joel Sy Egco, […]
The Senate has approved on third and final reading a landmark anti-red tape measure poised to drive down electricity costs and provide significant savings to power consumers by modernizing and streamlining the permitting process behind the construction of power plants. Senate Bill No. 1439, also known as the Energy Virtual One Stop Shop (EVOSS) […]
With proposals to impose higher excise taxes on coal to promote the development of renewable energy sources, National Electrification Administration (NEA) chief Edgardo Masongsong urged legislators to study the impact of the said proposals, especially their effect on the costs of electricity. The NEA chief feared the proposal to raise the coal tax from […]
As the Subic Bay Freeport Zone commemorated its 25th founding anniversary, Senator Dick Gordon commended the volunteers for the successful creation of the Freeport from the ashes of the Mt. Pinatubo eruption and the impending economic disaster brought about by the departure of the American military from Subic Bay. Gordon said the people were […]