Moresco II additionally availed of a P131.6 million loan from NEA for the purchase of five gadgets of 2- megawatt (MW) potential modular gensets.
“As a part of NEA’s mandate, the agency has evolved a credit score guarantee application and facility for the ECs. This is to establish a strength supply guarantee to cozy the electricity purchase of qualified ECs within the Wholesale
Electricity Spot Market (WESM), Interim Mindanao Electricity Market (IMEM) or below a bilateral contract with the GenCos or the NGCP,” NEA officer-in-charge Sonia B. San Diego said in a assertion.
“NEA additionally keeps to locate ways to make price range conveniently to be had for the ECs specifically in times of natural and man-made calamities for them to serve better their member-clients,” she delivered.
This 12 months, NEA delivered new credit score facilities. These encompass Emergency, Unplanned and Contingency CAPEX Projects and Disaster Resiliency Program for ECs; and Renewable Energy Projects of ECs.
investment attractiveness 