Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Politics News

NEA Q1 loans to power cooperatives hit P102M

by
April 19, 2021
in Politics News
0
NEA Q1 loans to power cooperatives hit P102M
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
PHILSTAR

THE NATIONAL Electrification Administration (NEA) said it disbursed P102.4 million worth of loans to five electric cooperatives (ECs) in the first quarter, mostly for the capital expenditure (capex) and working capital needs of two utilities.

In a statement Monday, the NEA said P59.5 million went to Davao del Norte Electric Cooperative, Inc. and the Camarines Sur III Electric Cooperative, Inc. (Casureco III).

The remaining P42.9 million consisted of calamity loans to Casureco III, Marinduque Electric Cooperative, Inc., Oriental Mindoro Electric Cooperative, Inc., and Quezon I Electric Cooperative, Inc.

“These ECs availed of the calamity loans for the repair and rehabilitation of their respective power distribution systems and other facilities that were damaged by typhoons Quinta, Rolly, and Ulysses last year,” NEA said.

NEA’s calamity loan is payable over 10 years, with a grace period of one year at an interest rate of 3.25%.

ADVERTISEMENT

This year, the agency has set a lending target of P500 million to support the electrification projects of ECs. The total excludes calamity loans.

In 2020, 20 ECs borrowed P439.98 million from the NEA, with the bulk of the funds going to capex and working capital. Some P311.90 million went to 12 ECs, while P128.08 million went out as calamity loans. — Angelica Y. Yang

Related Posts

PHINMA Corp. to conduct annual stockholders’ meeting through remote communication on July 14
Politics News

PHINMA Corp. to conduct annual stockholders’ meeting through remote communication on July 14

June 25, 2022
ACE Malolos Doctors announces schedule of hybrid stockholders’ meeting on July 18
Politics News

ACE Malolos Doctors announces schedule of hybrid stockholders’ meeting on July 18

June 24, 2022
ING to exit PHL retail banking business by this year
Politics News

ING to exit PHL retail banking business by this year

June 24, 2022
Next Post
Agriculture chamber backs price ceiling on imported pork to deter profiteers

Agriculture chamber backs price ceiling on imported pork to deter profiteers

On to the tax audit period

Philippines to resume use of AstraZeneca

Philippines to resume use of AstraZeneca

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

Best TVs of 2022: Which should you buy?

Difference Between Mighty Plus Vaporizer and Pax 3 Vaporizer

ING to exit PHL retail banking business by this year

Expats Move to Portugal for Low Expenses, Charming Villages and Seaside Views

Why You Should Consider Buying Used Construction Machinery for Business?

British businesses must work harder to entice employees back to office

Trending

PHINMA Corp. to conduct annual stockholders’ meeting through remote communication on July 14
Politics News

PHINMA Corp. to conduct annual stockholders’ meeting through remote communication on July 14

by
June 25, 2022
0

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience...

ACE Malolos Doctors announces schedule of hybrid stockholders’ meeting on July 18

ACE Malolos Doctors announces schedule of hybrid stockholders’ meeting on July 18

June 24, 2022
How To Automate a Workflow: Step-by-Step Guide

How To Automate a Workflow: Step-by-Step Guide

June 24, 2022
Best TVs of 2022: Which should you buy?

Best TVs of 2022: Which should you buy?

June 24, 2022
Difference Between Mighty Plus Vaporizer and Pax 3 Vaporizer

Difference Between Mighty Plus Vaporizer and Pax 3 Vaporizer

June 24, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.