LOANS extended by the National Electrification Administration (NEA) to electric co-operatives (ECs) reached P263.78 million at end-March this year. The state firm said 12 ECs availed of the financing assistance. Of the total amount, P178.45 million was tapped for capital expenditure (capex) of nine ECs. These are the Bohol I…
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As the Philippine economy steps up on its recovery journey from the scourge of the coronavirus pandemic, the National Electrification Administration (NEA) has extended credit facilities to electric cooperatives (ECs) that would the P1.2 billion-level approved last year.
According to the govern
MANILA - The European Union (EU) is powering an additional 30,500 homes in Mindanao with solar home systems (SHS), in addition to 10,000 homes already installed since the program began in 2019. In a statement, the EU on Monday said the SHS units were formally turned over in a ceremony led by the EU, World Bank, and the National Power Corporation (Napocor) to beneficiary households of five electric cooperatives in Bukidnon, Sultan Kudarat, Davao del Sur, Cotabato, and South Cotabato. The project, made possible through a grant worth PHP1.06 billion, is part of the larger 3.83 billion Access to Sustainable Energy Programme (ASEP) of the EU. Each SHS package includes a 50-watt peak solar panel, a charge controller with lithium-ion batteries able to power at least four LED bulbs, a radio, a torchlight, and USB ports for charging mobile devices. As the implementation agency of the ASEP, Napocor was responsible for the bulk procurement, delivery, and installation of these 30,500 SHS units to
The EU invested 18.4 million or around P1.06 billion euros for the project. The fund is under its 66-million-euro or P3.83 billion Access to Sustainable Energy Programme.