After the recent Super Typhoon “Ompong”, officials have declared a state of calamity in the province of Cagayan. The Cagayan I Electric Cooperative, Inc. (CAGELCO I) distribution lines were damaged by the super typhoon. This includes
Author Archives: Admin
China Savings Bank Extend Credit Line to REFC
China Savings Bank recently extended to REFC Php100 Million credit facility to augment the Corporation’s funds so that critical projects of borrowing-ECs will be implemented on time. “There are various projects in the approved loans
REFC receives Capital Infusion from 4 Investor-ECs in Q2
The Rural Electrification Financing Corporation (REFC) received additional investments from four (4) Electric Cooperatives (ECs) amounting to more than Php5 Million. The Iloilo III Electric Cooperative, Inc. (ILECO III) and the Zamboanga del Norte Electric
More than Php70M Loans approved in 2nd Quarter
The Rural Electrification Financing Corporation (REFC) Board of Directors approved a total of Php72,047,642.50 worth of loans during the second quarter of 2018. These were the working capital loan of Isabela II Electric Cooperative, Inc.
Php50 Million CAGELCO I Working Capital Loan Approved
The Cagayan I Electric Cooperative, Inc. (CAGELCO I) passed Board Resolution No. 11, series of 2018, through its Board of Directors, applying for a working capital loan from the Rural Electrification Financing Corporation (REFC) in
LEYECO V first to avail REFC’s Leasing Service Facility
The Rural Electrification Financing Corporation (REFC) showcases its new product, the leasing service facility, with the Leyte V Electric Cooperative, Inc. (LEYECO V) as the first member investor to avail the lease of 2 units
SOCOTECO II is REFC’s 102nd Investor, ISELCO I invests anew
The Southern Cotabato II Electric Cooperative, Inc. (SOCOTECO II) becomes the 102nd member-investor of the Rural Electrification Financing Corporation (REFC), the financial arm of the Philippine Electric Cooperatives (ECs), with an initial investment of Php5
Php 80.4 M loans approved by REFC Board
The Rural Electrification Financing Corporation (REFC) Board of Directors approved Php80.4 Million worth of loans applied by four (4) Electric Cooperatives (ECs) during its January 2018 regular board meeting. “As part of REFC’s commitment to
SIASELCO is REFC’s 101 EC-Investor
The Siasi Island Electric Cooperative, Inc. (SIASELCO) becomes the 101 Electric Cooperative (EC) – Investor of the Rural Electrification Financing Corporation (REFC). The coop’s Board passed a Resolution (BR No. 26, S-2017) to make an
REFC Board approves Cantingas Mini-Hydro Power’s reinvestment
The Cantigas Mini-Hydro Power Corporation, the subsidiary of Romblon Electric Cooperative, Inc. (ROMELCO) has reinvested another Php 1 Million into the Rural Electrification Financing Corporation (REFC). During the last Board Meeting on January ___, 2018,