P4.92B losses for power coops

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Power cooperatives in Luzon and Visayas sustained close to P5 billion in damages from Super Typhoon Yolanda.

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In a report, the National Elec-trification Administration (NEA) said that the super typhoon has left 34 electric cooperatives in 20 provinces in the country with about P4.92 billion in losses from partial damage in distribution lines, substations and sub-transmission lines.

An initial assessment made by the NEA, Department of Energy (DOE), National Grid Corporation of the Philippines (NGCP) and the electric cooperatives showed that Leyte electric cooperatives suffered the most damage, with the Don Orestes Romualdez Electric Cooperative Inc. (Dorelco) posting an estimated loss of P870 million.

Leyte V Electric Cooperative Inc.’s (Leyeco V) estimated loss, on the other hand, was at P861.5 million, while Capiz Electric Cooperative Inc. (Capelco) was at P670 million. Leyte II Electric Cooperative Inc. (Leyeco II) lost about P660.9 million, while Leyte III Electric Cooperative Inc. (Leyeco III) incurred P464.98-million worth of damage.

“NEA has made available calamity loans to the affected ECs [electric cooperatives]. To date, P371 million has already been released to 17 ECs,” NEA said.

As of to date, power has been restored to all towns in the coverage areas of Maselco, Vresco, Boheco I and II, Cebeco II. Soleco, Leyeco IV, Samelco I and Norsamelco.

Two towns in Bileco, 13 towns in Samelco II and nine towns in Esa-melco are also ready to receive po-wer when transmission is re-stored. Complete power resto-ration at the town level is targeted by December 24, 2013.

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