NEA processes PHP 2.8 billion loans for power co-ops

The National Electrification Administration (NEA) processed a total of PHP 2.8 billion in state-funded loans for electric cooperatives nationwide in 2025, supporting infrastructure upgrades, daily operations, and disaster recovery efforts.

Data from NEA’s Accounts Management and Guarantee Department showed that PHP 1.7 billion of the total amount was allocated to capital expenditure projects of 34 electric cooperatives across Luzon, Visayas, and Mindanao.

These capital outlay loans were used to finance system improvement projects and other long-term infrastructure requirements aimed at strengthening power distribution reliability.

Another PHP 956 million was released as working capital loans to 11 electric cooperatives serving electricity consumers in provinces including Albay, Camarines Sur, Pampanga, Pangasinan, Negros Oriental, and Sultan Kudarat, among others.

NEA said these working capital loans were intended to help cooperatives meet their operational needs and maintain uninterrupted electricity services.

The agency also extended PHP 142.4 million in calamity loans to rehabilitate power facilities damaged by Super Typhoon Odette in 2021.

The calamity funds supported the repair of the Janopol Mini-Hydro Power Plant in Bohol within the service area of BOHECO 1 and the restoration of distribution lines operated by SURNECO in Surigao del Norte.

NEA said the loans were released under its enhanced lending program, which aims to help partner electric cooperatives sustain operations and continue delivering reliable electricity to their member-consumer-owners nationwide.