National Electrification Administration

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𝗜𝗡 𝗣𝗛𝗢𝗧𝗢𝗦 | NEA Administrator Antonio Mariano Almeda led the Management Review meeting earlier today, 14 December 2023, in preparation for the upcoming International Organization for Standardization (ISO) audit on 21 December 2023.

Deputy Administrator (DA) for Legal Services Atty. Rossan Rosero-Lee, DA for Technical Services Engr. Ernesto Silvano, Jr., DA for Corporate Resources and Financial Services Atty. Vic Alvaro, all department heads and representatives attended the meeting at the HES Auditorium, NEA Building, Quezon City.

The state-owned agency seeks to maintain its international standards of service and to further strengthen partnership with its stakeholders.

ISO is an independent non-government organization that assesses the management systems, procedures, and general performance of business organizations.

| The National Electrification Administration (NEA) has lent P975.54 million to at least 26 electric cooperatives (ECs) as of the end of November.

via BusinessWorld

NEA loans to electric co-ops hit P975.54M at end-Nov. - BusinessWorld Online THE National Electrification Administration (NEA) has lent P975.54 million to at least 26 electric cooperatives (ECs) as of the end of November. According to the NEA, the loans exceed its P700-million target for releases this year by 139.36%. Of the total, P474.69 million funded the capital expendit...

𝗜𝗡 𝗣𝗛𝗢𝗧𝗢𝗦 | The NEA is holding a two-day consultative meeting with the Institutional Services Department (ISD) managers of our partner electric cooperatives (ECs) to discuss the updated rules on conducting online hybrid or sequential Annual General Membership Assemblies (AGMA), as well as a seminar on gender mainstreaming.

Present during Day 1 of the activity held this morning (05 December 2023) at the HES auditorium were Deputy Administrator for EC Management Services Atty. Omar Mayo, Institutional Development Department Manager Alexander Paul Rivera, and Consumer Development and Protection Division officer-in-charge Claire Quetua. There are 117 participating ISD managers from 95 ECs in the consultative meeting, which will conclude by tomorrow (06 December 2023).

𝗠𝗘𝗗𝗜𝗔 𝗥𝗘𝗟𝗘𝗔𝗦𝗘
𝟬𝟱 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯

𝗡𝗘𝗔: 𝗟𝗼𝗮𝗻𝘀 𝗙𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗲𝗱 𝘁𝗼 𝗘𝗖𝘀 𝗡𝗲𝗮𝗿 𝗣𝟭-𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗮𝘀 𝗼𝗳 𝗘𝗻𝗱 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿

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.

The list includes Basilan Electric Cooperative, Inc. (BASELCO); Bukidnon Second Electric Cooperative, Inc. (BUSECO); Davao del Sur Electric Cooperative, Inc. (DASURECO); Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I); Siasi Electric Cooperative, Inc. (SIASELCO); Siargao Electric Cooperative, Inc. (SIARELCO); South Cotabato I Electric Cooperative, Inc. (SOCOTECO I); Surigao del Sur I Electric Cooperative, Inc. (SURSECO I); Tawi-Tawi Electric Cooperative, Inc. (TAWELCO); and Zamboanga del Norte Electric Cooperative, Inc. (ZANECO).

Power co-ops that availed of the CapEx loans in Visayas were the Bohol II Electric Cooperative, Inc. (BOHECO II); Camotes Electric Cooperative, Inc. (CELCO); Iloilo III Electric Cooperative, Inc. (ILECO III); Leyte V Electric Cooperative, Inc. (LEYECO V); Northern Negros Electric Cooperative, Inc. (NONECO); and Northern Samar Electric Cooperative, Inc. (NORSAMELCO).

Borrowers from Luzon, meanwhile, include the First Laguna Electric Cooperative, Inc. (FLECO), Quezon I Electric Cooperative, Inc. (QUEZELCO I), and Sorsogon I Electric Cooperative, Inc. (SORECO I).

Nine ECs accessed around P438-million worth of loans as working capital. These are Antique Electric Cooperative, Inc. (ANTECO); Aurora Electric Cooperative, Inc. (AURELCO); BOHECO II; Camiguin Electric Cooperative, Inc. (CAMELCO); Central Pangasinan Electric Cooperative (CENPELCO); FLECO; Lanao del Norte Electric Cooperative, Inc. (LANECO); Misamis Oriental II Electric Cooperative, Inc. (MORESCO II); and Zamboanga del Sur II Electric Cooperative, Inc. (ZAMSURECO II).

Also included in the latest report of the AMGD are the P12.85-million loan of MORESCO I for its modular generator set and the P50-million short-term credit facility loan of LANECO. The NEA processed the aforementioned loans using the funds earmarked for its Enhanced Lending Program. # # #

The National Electrification Administration (NEA) offers its prayers and deepest condolences to the bereaved family of its former Electric Cooperative Audit Department (ECAD) Manager Veronica B. Cruz.

Her remains lie in state at Forest Lake, Biñan, Laguna. Wake and viewing starts on December 5, 2023 at 7:00PM.

May her soul rest in peace.

Iniulat ng DOST-PHIVOLCS ang magnitude 7.4 na lindol sa Surigao del Sur kagabi, 10:37 PM. Sinundan ito ng Tsunami Warning na ngayon ay kanselado na matapos dumaan ang matataas na alon sa Hinatuan, Bislig City, Surigao del Norte, at Davao Oriental.

Pinapayuhan ang mga lokal na pamahalaan na suriin ang naging epekto ng nagdaang lindol at tsunami, at mag-abiso sa mga apektadong lugar. Paalala rin ng DOST-PHIVOLCS sa publiko na sumangguni sa tagubilin ng mga awtoridad.