The National Electrification Administration (NEA) has granted around Php 1.8 billion in state-funded loans to 36 electric cooperatives (ECs) across the country in 2024, ensuring improved energy services for millions of Filipinos.

In a statement, NEA said that the majority of the funds, amounting to Php 1.19 billion, were allocated to capital expenditure (capex) projects for 30 ECs. These projects span across provinces such as Bataan, Bohol, Bukidnon, Camarines Sur, Cebu, Davao del Sur, Iloilo, Leyte, and others to upgrade and expand energy infrastructure.

Another Php 607 million in working capital loans was distributed to 11 ECs operating in areas like Capiz, Camarines Sur, Davao del Norte, Marinduque, and Ticao Island. These loans are intended to maintain seamless electricity services and improve financial stability for cooperatives.

Meanwhile, Bohol I Electric Cooperative, Inc. (BOHECO I) secured a Php 13.33 million calamity loan to rehabilitate the Janopol Mini-Hydro Power Plant, which was damaged by super typhoon Odette in 2021. This rehabilitation project aims to restore sustainable energy in typhoon-affected areas.

NEA’s Enhanced Lending Program, under the current administration, serves as a critical support system for ECs, ensuring that their operations remain uninterrupted. These loans help cooperatives improve energy access and reliability for their member-consumer-owners, contributing to local development and economic growth.

Learn how improved energy infrastructure through NEA loans is making a difference in your area. Support your local electric cooperative and advocate for reliable and sustainable electricity services for all.