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Subsidies to state firms jumped 56% in 2013

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Government subsidies to state-run companies surged in 2013, driven by the funding support for the universal healthcare, electrification and housing programs of the Aquino administration.

Posted: March 10th, 2014 in Headlines | Read More »

Subsidies to gov’t firms jump 92%

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Subsidies granted by the national government to state-owned firms swelled in the first three quarters of the year, driven by the additional funding support sought for programs on universal healthcare, housing and electrification.

Posted: November 1st, 2013 in Editor's Pick,Headlines | Read More »

Gov’t subsidies jumped 120% to P33.76B

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State subsidies to government-owned firms more than doubled in the first eight months of the year, supporting mainly the administration’s health, housing and electrification programs.

Posted: October 13th, 2013 in 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 »

NEA taps JICA expertise to reduce systems losses of power cooperatives

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NEA

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

Posted: February 27th, 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 »

Subsidies to state firms down 37% to P20B

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The government gave out some P2.2 billion in subsidies to state-owned and -controlled corporations in October, a big part of which were allocated to those engaged in projects related to utilities, labor, economic zones, tourism and trade promotion.

Posted: December 3rd, 2012 in Headlines | Read More »

Civil society group slams NEA bill

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A civil society group on Thursday backed legislators who voted against a measure which sought to grant the National Electrification Administration authority to regulate electric cooperatives.

Posted: November 29th, 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 »

Power co-ops receive P1.9B from NEA

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State-run National Electrification Administration (NEA) has extended a total of P1.9 billion worth of loans to 87 electric cooperatives last year and in the first two months of 2012, to help finance various electrification projects.

Posted: April 2nd, 2012 in Headlines | Read More »

Gov’t allots P590M to power up remote areas

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The Department of Energy and the National Electrification Administration have earmarked an initial P590 million this year to provide electricity to another 833 remote sitios (villages) in the country.

Posted: January 6th, 2012 in Headlines | Read More »

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