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Government

NEA EXTENDS P1.294-B WORTH OF LOANS TO 46 POWER COOPS IN FIRST SEMESTER – MASONGSONG

The financial assistance extended by the National Electrification Administration (NEA) to different electric cooperatives (ECs) has reached P1.294 billion from January to June this year, 23 percent higher compared to the P1.050 billion registered in the same period a year earlier. “At least 46 of the 121 ECs supervised by the state-run agency have availed […]

Categories
Government

ELECTRIC COOP LEADERS LAUD HOUSE FUNDING ASSURANCE FOR NEW POWER LAW

Leaders of the two most influential groups in the electric cooperative (EC) sector reiterated the “absolute need and indispensability” of assured government funding for the recently-signed law providing financial support for ECs in times of calamities and disasters. President Rodrigo Duterte signed last June 29 Republic Act 11039 which mandates the creation of an Electric […]