Tag: #NEA
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Beneco operations to normalize soon as feuding leaders agree to set aside differences
BAGUIO CITY — Leaders of the two groups in a virtual tug-of-war in Benguet Electric Cooperative have decided to patch up and set aside their differences, ending a long leadership dispute that has already affected the cooperative’s operations.
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Duterte EO tweaks strategy to achieve 100 percent electrification by 2022
Malacañang is looking to implement changes in its electrification game plan in a bid to achieve 100 percent electrification of the country by 2022–the last year of the Duterte administration.
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NEA ‘power-tripping’ on Beneco takeover—Trillanes
Former Senator Antonio Trillanes IV on Thursday, Dec. 9, accused the National Electrification Administration (NEA) of “power-tripping” as he condemned its alleged continuous harassment of the Benguet Electric Cooperative’s (Beneco) officials and members.
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Robredo says the Beneco takeover an ‘eye opener’ for NEA, gov’t
The controversial takeover of the Benguet Electric Cooperative (Beneco), one of country’s top-performing electric cooperatives, could teach a lesson to the National Electrification Administration (NEA), Vice President Leni Robredo said on Monday, Dec. 6.
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Salute! Cusi hails NEA's work as 99.98 percent of barangays now energized
Department of Energy (DOE) Secretary Alfonso Cusi Jr. has praised the work rendered by the National Electrification Administration (NEA), which is nearing the completion of its task to electricity all barangays in the country.
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Bulk of electric coop loans funneled to calamity-related borrowings
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.
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Electric coops urged on timely CSP of power supply deals
The country’s electric cooperatives (ECs) are prodded to undertake their competitive selection process (CSP) on power supply agreements (PSAs) to guarantee that they will not suffer supply shortages in the immediate term, especially with the portended economic recovery post-pandemic.
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Typhoon-hit Marinduque electric coop secures calamity loan
To rehabilitate its facilities that were struck down by strong typhoons last year, the Marinduque Electric Cooperative (MARELCO) was granted and disbursed a calamity loan of P3.322 million from the National Electrification Administration.According to the NEA’s accounts management and guarantee department, the assets of the power utility needing repairs were those damaged during the wallop of typhoons Quinta and Rolly around October and November last year.
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NEA loan disbursements to ECs reach P440-M in 2020
The aggregate loans disbursed by the National Electrification Administration (NEA) to the electric cooperatives reached P439.983 million last year, according to the agency’s accounts management and guarantee department.
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Energy sales of electric coops increase by 3% in 3rd quarter
In what could be an indication of rebound in electricity demand, the National Electrification Administration (NEA) reported that the energy sales of electric cooperatives (ECs) had been up by 3.0-percent in the third quarter of 2020.
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ECs’ electrification surpasses 14-M level
For consumers served by the country’s 121 electric cooperatives, electrification level already topped 14-million customer connections, according to the National Electrification Administration (NEA).
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Add’l P550 million proposed for repair of typhoon-damaged power lines
An additional P550 million allocation had been proposed in the P4.506 trillion budget of the Philippine government, so extra financial resources can be funneled into the repair of power lines damaged by calamities.
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Power supply restoration already accelerating in Bicol provinces
Electricity service restoration in typhoon-ravaged provinces in the Bicol region is now on its accelerated pace, with power supply already back in Naga City and three towns in Camarines Sur; while several towns in Camarines Norte already gained back their power service.
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ERC cautions ECs on slow power restoration in typhoon-hit areas
The Energy Regulatory Commission (ERC) has cautioned power utilities in typhoon-hit areas that they would still need to comply with prescribed service levels that’s why they cannot afford to be moving too slow in the restoration of electricity service for their customers.
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ECs deploy over 300 line workers on Bicol power restoration
In the spirit of ‘civic unity’ or bayanihan, the country’s electric cooperatives (EC) are deploying hundreds of their workers so electricity service restoration in the typhoon-crumbled provinces in the Bicol region could be stepped up.
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Meralco, other firms prepare measures for typhoon Rolly
Power utility giant Manila Electric Company (Meralco) and other industry players are now stepping up on their preparations and contingency measures to mitigate power interruptions that could be brought in by strong typhoon Rolly, which is expected to make a landfall this weekend.
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Electric cooperatives’ sales revenues up 9% to P54.074-B
Despite the continued wreck of the coronavirus pandemic, the higher electricity usage of consumers had jacked up the overall revenues of the country’s electric cooperatives within April-June this year to P54.074 billion, higher by 9.0-percent from P49.672 billion in the first quarter.
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NEA loans to electric coops reach P364.5 M
The loans extended by the National Electrification Administration (NEA) to the country’s electric cooperatives (ECs) reached P364.5 million as of end-September, and that already topped the scale of credit window allotted for them this year.