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Loan collections of the National Electrification Administration (NEA) have reached P1.710 billion from January to September 2018, keeping it on track to meet its full-year target. Latest data show that NEA posted 99 percent collection efficiency on the loan amortization payments of the electric cooperatives (ECs) in the first nine months of the year. The […]
Senator Win Gatchalian has backed the plan of government to take over the beleaguered Palawan Electric Cooperative (PALECO) to solve the worsening power supply problem of the province. Gatchalian made the call after President Rodrigo Duterte recently gave PALECO a stern warning that the national government would be compelled to take over the power distributor’s […]
State-run National Electrification Administration (NEA) on Monday exhorted all electric cooperatives (ECs) in the country to constantly strive for the improvement of their services to their respective communities. NEA Administrator Edgardo Masongsong made the statement after President Rodrigo Duterte recently expressed his sentiments regarding the frequent power outages in the province of Palawan. In his […]
Electric cooperatives (ECs) have lauded Department of Energy (DOE) Secretary Alfonso Cusi for urging government agencies to settle their electricity bills, saying that the timely payment of the agencies’ obligations would allow the ECs to properly service their franchise areas. Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) Executive Director Atty. Janeene Depay-Colingan on Sunday said […]
State-run National Electrification Administration (NEA) held on Oct. 24 a public consultation on the draft of the implementing rules and regulations (IRR) of Republic Act 11039, also known as the “Electric Cooperatives Emergency and Resiliency Fund Act” (ECERF). NEA Administrator Edgardo Masongsong gathered the general managers, directors and lawyers of the different electric cooperatives (ECs) […]
State-run National Electrification Administration (NEA) has signed a memorandum of understanding (MoU) with Japanese firm Toshiba Energy Systems and Solutions Corp. to collaborate on the development of the first self-sufficient hydrogen energy system in the country. The document was signed on October 15 in a simple ceremony held at the NEA headquarters in Diliman, Quezon […]
State-run National Electrification Administration (NEA) has achieved its full-year loan availment target of P1.7 billion by the electric cooperatives (ECs) three months ahead of schedule. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) show P1.8 billion worth of loans, including calamity loans, has been extended to 57 ECs as of end-September. The […]
The National Electrification Administration (NEA) has urged the electric cooperatives (ECs) to increase their efforts in reaching the country’s remote and rural areas that have not been energized yet. NEA Administrator Edgardo Masongsong made the call at a recent gathering of general managers of different ECs to discuss the progress of the government’s total electrification […]
State-run National Electrification Administration (NEA) said about 98.11 percent of households in several provinces in Luzon that lost electricity service in the wake of Typhoon “Ompong” (international name Mangkhut) last month had their services restored. According to NEA, restoration efforts still continue in some areas more than three weeks after the onslaught of “Ompong,” which […]
The National Electrification Administration (NEA) has committed to fast-track the drafting of the implementing rules and regulations (IRR) for the recently passed electric cooperatives (EC) emergency fund law. Republic Act 11039, also known as the “Electric Cooperatives Emergency and Resiliency Fund Act,” was approved by President Rodrigo Duterte on June 29. The law provides the […]