THE Senate Committee on Energy is set to take up a bill next Thursday which seeks to provide a P750-million fund for electric cooperatives to strengthen their resiliency against natural disasters which often wreak havoc on electricity infrastructure in the country.
Senate Bill No. 1253, otherwise known as the Electric Cooperatives Disaster Management Fund Act, proposes the establishment of a P750 million fund which would provide financial assistance to electric cooperatives for restoration and rehabilitation of power facilities and infrastructure damaged during typhoons, earthquakes, and other instances of natural calamities and fortuitous events.
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