The National Electrification Administration (NEA) had sought P1.827 billion to finance the implementation of the rural electrification projects for the fiscal year 2022.
During the plenary deliberations of the agency’s proposed budget on Thursday, NEA Deputy Administrator for Technical Services Engr. Artis Nikki Tortola said bulk or P1.627 billion of the budget will be appropriated to the Sitio Electrification Program.
Meanwhile, at least P200 million is earmarked for the Electric Cooperatives Emergency and Resiliency Fund (ECERF).
Based on the 2022 National Expenditure Program (NEP), the NEA was allocated a P3.896 billion corporate operating budget.
Power for 1,085 sitios
Of the amount, P2.069 billion will be financed by the NEA’s internally generated funds, and P1.827 billion represents a subsidy from the national government.
By expense class, P2.212 billion (57 percent) is for Maintenance and Other Operating Expenses (MOOE); P1.289 billion (33 percent) for capital outlay; P394.97 million (10 percent) for personnel services.
The proposed budget will allow the agency to meet its corporate targets for 2022 — including the electrification of 1,085 sitios, connection of additional 400,000 consumers, reduction of system loss to 12 percent, collection efficiency of 98.23 percent, loans outlay of P1.2 billion, and realization of a net margin.
Data as of end-June showed the NEA, in partnership with 121 electric cooperatives, has energized 78 provinces, 90 cities, 1,387 municipalities, 36,080 barangays, 125,969 sitios, and 14.54 million consumers nationwide.