The National Electrification Administration (NEA) extended P1.54 billion in loans to 24 electric cooperatives (ECs) in the first half of 2025, marking a 76 percent increase from the P873.31 million issued to 21 ECs in the same period last year.
NEA said the amount accounted for 86 percent of its P1.795-billion loan allocation for ECs, signaling strong demand for capital and operational support in the sector.
Of the total, P893.65 million was earmarked for capital expenditures by 20 ECs, while five ECs tapped P650 million for working capital. Loan approvals accelerated in the second quarter, reaching P967 million—up from P577 million in Q1.
The agency, which oversees 121 ECs nationwide, provides financing through various programs including concessional, calamity, renewable energy, and modular generator set loans.
Analysts say the surge in lending reflects NEA’s push to strengthen the financial and operational stability of cooperatives amid increasing electrification needs and policy focus on rural energy access.
The NEA also continues to support the Last Mile School Electrification Program in partnership with the Department of Education, targeting 295 projects this year to power underserved schools.
