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P1.8B IN 2022 BUDGET FOR ELECTRIFICATION PROJECTS

The National Electrification Administration (NEA) said P1.827 billion has been allocated to support the continued implementation of the rural electrification projects in the proposed budget for fiscal year 2022.

The bulk of the said amount, or P1.627 billion, is appropriated for the implementation of the Sitio Electrification Program. At least P200 million is earmarked for the Electric Cooperatives Emergency and Resiliency Fund (ECERF).

Based on the 2022 National Expenditure Program (NEP), the NEA is allocated P3.896 billion corporate operating budget.

On Thursday (September 23), NEA Deputy Administrator for Technical Services, Engr. Artis Nikki Tortola, attended the plenary deliberations on the agency’s proposed budget at the House of Representatives.

Based on the 2022 National Expenditure Program (NEP), the NEA is allocated P3.896 billion corporate operating budget. Of the amount, P2.069 billion will be financed by the NEA’s internally generated funds, and P1.827 billion represents subsidy from the national government.

By expense class, P2.212 billion (57 percent) is for Maintenance and Other Operating Expenses (MOOE); P1.289 billion (33 percent) for capital outlay; P394.97 million (10 percent) for personnel services.

The proposed budget will allow the agency to meet its corporate targets for 2022, which include the electrification of 1,085 sitios, connection of additional 400,000 consumers, reduction of system loss to 12 percent, collection efficiency of 98.23 percent, loans outlay of P1.2 billion, and realization of a net margin.

Data as of June 30, 2021 showed the NEA, in partnership with 121 electric cooperatives (ECs), has energized 78 provinces, 90 cities, 1,387 municipalities, 36,080 barangays, 125,969 sitios, and 14.54 million consumers nationwide.

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