THE National Electrification Administration (NEA) said Friday that it lent a total of P1.403 billion to 43 electric cooperatives (ECs) from January to August this year to finance their capital expenditure projects and the rehabilitation of their power distribution systems.
NEA said that of the total amount, P399 million was extended as calamity loans to nine ECs in the wake of Typhoons Lando and Nona.
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