RURAL ELECTRIFICATION
FINANCING CORPORATION
A Financing Company Owned by the Electric Cooperatives of the Philippines
Rural Electrification Program
members implement the Philippine
Support Electric Cooperative
PHILRECA Annual General Membership
REFC presence during the 37th
REFC’s 17th Annual Stockholders Meeting graced by NEA Administrator
August 14, 2017
The Rural Electrification Financing Corporation (REFC) held its 17th Annual Stockholders Meeting (ASM) last August 7, 2017 at the Chardonnay by Astoria in Pasig City. NEA Administrator Edgardo R. Masongsong graced the occasion as the keynote speaker, wherein he challenged the REFC Board of Directors and its Electric Cooperative (EC) Stockholders to foster the operation and efficiency of the electric
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BOHECO II and BATANELCO joins REFC
August 6, 2017
Ninety-seven (97) coops now comprise the membership of the Rural Electrification Financing Corporation (REFC), or 82% of the total 120 Philippine Electric Cooperatives (ECs). The recent member-investors are the Bohol II Electric Cooperative, Inc. (BOHECO II) with an investment of 1000 shares into REFC capital, and the Batanes Electric Cooperative, Inc. (BATANELCO) infusing 500 shares. The REFC Board unanimously approved
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BISELCO’s Commodity Loan Approved
July 24, 2017
The Rural Electrification Financing Corporation (REFC), as the financing alternative of the Electric Cooperatives (ECs), has approved the commodity loan application of the Busuanga Island Electric Cooperative, Inc. (BISELCO) for the acquisition of one unit boom truck amounting to Php8.5 Million. The coop has availed of the commodity loan through a Board Resolution submitted to REFC Management with BR No.
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NEECO I becomes REFC’s 95th EC-Investor
July 17, 2017
With the numbers growing steadily, the Rural Electrification Financing Corporation (REFC) welcomes a new member Electric Cooperative (EC) – Investor, the Nueva Ecija I Electric Cooperative, Inc. (NEECO I). The coop made an initial investment of 1,000 shares or Php 1,006,320 Million through a Board Resolution (BR No. 06-01-2017) passed by the NEECO I’s Board to the REFC. “NEECO I
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REFC Declares Dividends Anew
July 5, 2017
The Board of Directors of the Rural Electrification Financing Corporation (REFC) announced its retained earnings for the 9th consecutive year and approved the declaration of dividends in the amount of Php12.067 Million from its 2016 operations per Board Resolution No. 05-03, Series of 2017. This remarkable feat will again enable the Corporation to give back to its Stockholders a return
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Quick Facts
A privately owned stock corporation registered with SEC under REG# A200100734, organized in September 2000 by a group of Electric Cooperative leaders to provide for an alternative source of financing services to the Electric Cooperatives.
Who owns REFC?
Presently, REFC is owned by 97 electric cooperatives and National Rural Electric Cooperative Association (NRECA).
38th PHILRECA Annual General Membership Meeting
August 30-31, 2017 at SMX Convention Center, Bacolod City.
17th Annual Stockholders' Meeting
August 7, 2017 at Chardonnay by Astoria, Pasig City.
75th NRECA Annual Meeting and EXPO
February 26 to March 1, 2017 at San Diego, California, USA.