NEA disburses nearly PHP 2B in Q3 electric loans

Electric cooperatives across the Philippines received nearly PHP 2 billion in loans from the National Electrification Administration during the third quarter of 2025.

The NEA confirmed that 32 electric cooperatives from Luzon, Visayas, and Mindanao accessed a total of PHP 1.98 billion between July and September.

Of that amount, PHP 982.25 million was allocated for capital expenditure projects, including facility upgrades and network expansion.

An additional PHP 900 million was provided as working capital to support day-to-day operational costs for the cooperatives.

In Mindanao, one cooperative secured both capital expenditure and working capital loans to improve its services and financial flexibility.

Another Mindanao-based cooperative received PHP 100 million in calamity assistance to restore power lines damaged by Typhoon Odette in 2021.

“This year’s lending activity exceeded expectations,” the NEA Accounts Management and Guarantee Department said in a statement.

The agency had allocated PHP 1.79 billion for its regular loan programs in 2025, but disbursements reached PHP 1.88 billion by September 30.

This marks a utilization rate of 104.86 percent, surpassing the initial budget target by nearly PHP 90 million.

The NEA said the loans are intended to help cooperatives sustain rural electrification, upgrade distribution systems, and improve disaster recovery efforts.

The funding initiative is part of the government’s broader agenda to modernize power infrastructure and promote energy resilience nationwide.

Electric cooperatives play a vital role in bringing electricity to underserved and remote areas, particularly in archipelagic and mountainous regions.

Typhoon Odette, which struck the Philippines in December 2021, caused widespread infrastructure damage, underscoring the need for reliable energy systems.

The NEA continues to offer financing options tailored to support both long-term investments and emergency recovery for power distribution.