At least 24 electric cooperatives (ECs) secured P1.54 billion in loans from the National Electrification Administration (NEA) during the first half of the year, the NEA’s Accounts Management and Guarantee Department (AMGD) reported.
The state-owned corporation had allocated P1.795 billion to support various lending programs for ECs, its rural electrification partners, this year.
The amount disbursed represents 86 percent of its target as of June 30, 2025.
According to the AMGD, 20 power cooperatives collectively borrowed P893.65 million for their capital expenditures (capex), while five ECs applied for P650 million for working capital.
The AMGD processed more loans in the second quarter, totaling P967 million, compared to P577 million in the first three months of the year.
The NEA sets an annual budget for its lending programs to support the operations of electric cooperatives.
