SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
MANILA, Philippines – The Department of Budget and Management (DBM) released P3.929 billion to the National Electrification Administration (NEA) as subsidy for electric cooperatives hit hard by Typhoon Yolanda (Haiyan).
The subsidy, which is made under the Yolanda Recovery and Rehabilitation Plan, will help 33 electric cooperatives in 19 provinces in Luzon and the Visayas, according to NEA.
“The subsidy would fast track the rehabilitation and restoration of power lines in the affected areas and in the recovery effort of the member-consumer typhoon victims,” NEA Administrator Edita Bueno said.
Most of the subsidy will head to the following 12 cooperatives, as they require a complete reconstruction of distribution lines:
- Leyte V Electric Cooperative, Inc. (Leyeco V)
- Don Orestes Romualdez Electric Cooperative, Inc. (Dorelco/Leyeco I)
- Leyte II Electric Cooperative, Inc. (Leyeco II)
- Capiz Electric Cooperative, Inc. (Capelco)
- Leyte III Electric Cooperative, Inc. (Leyeco III)
- Aklan Electric Cooperative, Inc. (Akelco)
- Eastern Samar Electric Cooperative, Inc. (Esamelco)
- Iloilo III Electric Cooperative, Inc. (Ileco III)
- Cebu II Electric Cooperative, Inc. (Cebeco II)
- Bantayan Island Electric Cooperative, Inc. (Banelco)
- Antique Electric Cooperative, Inc. (Anteco)
- Busuanga Island Electric Cooperative, Inc. (Biselco)
The following electric cooperatives will also receive subsidy funds:
- Samelco I and Samelco II in Samar
- Cebeco I, Cebeco III and Celco in Cebu
- Leyeco IV in Leyte
- Bileco in Biliran
- Soleco in Southern Leyte
- Norsamelco in Northern Samar
- Ileco I and Ileco II in Iloilo
- Boheco I and Boheco II in Bohol
- Vresco and Ceneco in Negros Occidental
- Maselco and Tiselco in Masbate
- Omeco in Occidental Mindoro
- Ormeco in Oriental Mindoro
- Tielco in Romblon
- Marelco in Marinduque
NEA is working on the guidelines for releasing the funding, as well as how to get the money to the cooperatives. It also set up a team to oversee the implementation of cooperatives’ rehabilitation plans. – Rappler.com
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.