NEA: Calamity Loans Extended to Typhoon-Hit POWER CO-OPS

The National Electrification Administration (NEA) has extended calamity loans to electric cooperatives (ECs) that incurred significant damages when Typhoon “Tisoy” wreaked havoc in the country last December. 

NEA Administrator Edgardo Masongsong said the state-run agency released P31.246-million worth of financial assistance to four ECs in Bicol Region and Mimaropa for the rehabilitation of the power distribution facilities damaged by the typhoon.

“The NEA will continue to assist the electric cooperatives affected by the recent calamity—as we have done in the past years—in their recovery and rehabilitation efforts through the provision of loans,” Masongsong said.