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Bulk of electric coop loans funneled to calamity-related borrowings

Published April 21, 2021, 7:00 AM
With many of the country’s electric cooperatives (ECs) still getting back on their feet following last year’s wallop of disasters and most still prepping for recovery from the health crisis, the National Electrification Administration (NEA) reported that loan portfolios extended to these rural power utilities reached P102 million within first quarter this year.
The government-run agency’s Accounts Management and Guarantee Department (AMGD) stated that a significant portion of the ECs’ borrowings had been for calamity loans – primarily those that have been pummeled by the series of strong typhoons in the latter part of 2020.
“From January to March this year, P102.4 million in loans – including calamity loans, were released to five electric cooperatives,” NEA emphasized. ....

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NEA Q1 loans to power cooperatives hit P102M

NEA Q1 loans to power cooperatives hit P102M
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85 electric coops score high in performance rating

Published December 27, 2020, 6:00 AM
Roughly 70-percent of the country’s electric cooperatives (ECs) scored ‘highest rating’ in a recent performance assessment carried out by the National Electrification Administration.
The agency announced that 85 out of the 121 ECs nationwide had been bestowed with “AAA” rating or “excellent” in their overall performance as assessed for year 2019 outcomes.
Of the 85 ECs that garnered highest rating, NEA noted that 30 power utilities were given scores of 100 points – based on the performance parameters employed in the assessment of their operations.
The electrification agency highlighted the ECs that sustained ‘excellent performance’ are those in: Region I (Ilocos Region); Region VI (Western Visayas); Region VIII (Eastern Visayas) and the CARAGA Region in Northeastern Mindanao. ....

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