NEA lends PHP 237 million to five electric coops

The National Electrification Administration (NEA) has released PHP 237.272 million in loans to five electric cooperatives in the first two months of 2026 to fund capital expenditure projects aimed at improving power reliability in their respective networks.

Data from NEA’s Accounts Management and Guarantee Department showed the amount had been disbursed as of end-February to support the cooperatives’ capital expenditure, or CAPEX, initiatives.

The funding is intended to help electric cooperatives upgrade and expand their infrastructure so they can deliver more reliable and uninterrupted electricity service to their member-consumer-owners.

The loan beneficiaries were Zambales I Electric Cooperative, Inc. (ZAMECO I), Pampanga Rural Electric Service Cooperative, Inc. (PRESCO), Zamboanga del Norte Electric Cooperative, Inc. (ZANECO), Davao del Sur Electric Cooperative, Inc. (DASURECO), and Sultan Kudarat Electric Cooperative, Inc. (SUKELCO).

The disbursement forms part of NEA’s broader financing support for electric cooperatives under its Enhanced Lending Program, which has been allocated PHP 2.310 billion for 2026.

Through the program, NEA provides several financing windows designed to address both routine and urgent funding needs of electric cooperatives.

These include loans for regular rural electrification CAPEX, emergency and unplanned capital expenditures under the disaster resiliency program, calamity loans, concessional financing, renewable energy projects, and working capital requirements.

The latest release highlights NEA’s continuing role in supporting the country’s electric cooperatives, particularly in rural and far-flung areas where distribution utilities rely on upgrades in substations, lines, and related facilities to reduce outages and improve service stability.

NEA, a government-owned and controlled corporation attached to the Department of Energy, is mandated under Republic Act No. 10531 to help strengthen electric cooperatives through financial, institutional, and technical support.