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Power coops lost P4.9B in properties to ‘Yolanda’

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Tacloban city, devastated by powerful Typhoon Haiyan, is seen in Leyte province, central Philippines. AP FILE PHOTO

Electric cooperatives in Luzon and Visayas lost P4.9 billion worth of properties at the height of supertyphoon ‘‘Yolanda’’ (international name: Haiyan), the National Electrification Administration said on Tuesday.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Power behind the thrown

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A five-year power crisis has thrown Mindanao into another cycle of problems, and it has something to do with the electric cooperatives there—those supposedly private but highly politicized ECs.

Posted: July 11th, 2013 in Featured Columns,Inquirer Columns | Read More »

Aboitiz unit seeks ERC nod

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Aboitiz-led Therma South Inc. is seeking regulatory approvals to implement its power supply agreements with two electric cooperatives in Mindanao, as these contracts will help ensure adequate and reliable power supply by 2015.

Posted: May 11th, 2013 in Headlines | Read More »

Mindanao rates seen rising by as much as P4/kWh

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Energy Secretary Carlos Jericho L. Petilla

Power rates in Mindanao may shoot up by as much as P4 a kilowatt-hour should the electric cooperatives on the island agree to the proposed solution of the government for them to acquire their own diesel-fired generators.

Posted: April 2nd, 2013 in Editor's Pick,Headlines | Read More »

Jica tapped for cooperatives’ systems loss reduction project

NEA

State-run National Electrification Administration has tapped the Japan International Cooperation Agency (Jica) for a technical cooperation project, which is aimed at reducing systems losses and improving the operational efficiencies of electric cooperatives.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

Agency spent P3.5B to provide electricity to rural areas

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State-run National Electrification Administration (NEA) and its partner electric cooperatives spent about P3.5 billion last year to provide access to electricity to 6,163 villages across the country.

Posted: February 22nd, 2013 in Headlines | Read More »

Electric co-ops still reeling from debt

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Energy Secretary Jose Rene D. Almendras: Politicians are to blame. INQUIRER FILE PHOTO

Electric cooperatives continue to reel from obligations to power-generation companies—now standing at P13.48 billion as of end-June this year—even after the government condoned P18 billion of their unpaid debt back in 2004.

Posted: September 17th, 2012 in Latest Business Stories | Read More »

NEA eyes help in managing P33-B projects

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State-run National Electrification Administration has called for the creation of sitio electrification units within electric cooperatives to help manage the government’s planned rollout of some P33 billion worth of rural electrification projects over the next five years.

Posted: September 7th, 2012 in Headlines | Read More »

PSALM pays electric co-ops’ debts worth P12.85B

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State-run Power Sector Assets and Liabilities Management Corp., or PSALM, has paid some P12.85 billion in obligations of several rural electric cooperatives to the National Electrification Administration (NEA), local governments and other government agencies. The amount represents more than 71 percent of the P18.07 billion in rural cooperatives’ debts assumed by PSALM, according to the [...]

Posted: June 11th, 2012 in Headlines | Read More »

Aboitiz unit to supply Mindanao co-ops

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Therma Marine Inc. of the Aboitiz group has been given the green light to start supplying power to two electric cooperatives in Mindanao—a move that will help increase the volume of power for distribution on the island. These approvals are especially crucial now that the Mindanao grid is on red alert due to lack of [...]

Posted: January 20th, 2012 in Headlines | Read More »

Mindanao co-ops to put up own 300-MW plant

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Thirty-three electric cooperatives belonging to the Association of Mindanao Rural Electric Cooperatives (Amreco) are planning to develop their own 300-megawatt baseload coal-fired power plant to ensure the stability of supply in Mindanao.

Posted: December 12th, 2011 in Latest Business Stories | Read More »

NEA releases P794M loan to 38 electric cooperatives

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State-run National Electrification Administration has released a total of P794 million to 38 electric cooperatives in the first 10 months of the year as it targets to make these utilities “operationally strong and viable” given a changing energy landscape.

Posted: November 24th, 2011 in Latest Business Stories | Read More »

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