Category Archives: News and Events

SIASELCO is REFC’s 101 EC-Investor

Admin/ March 14, 2018/ News and Events/ 0 comments

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 initial investment into REFC amounting to Five Hundred Thousand Pesos (Php 500,000.00). “The REFC Board welcomes SIASELCO into its fold,” said REFC Board President Iglorio

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NEECO I becomes REFC’s 95th EC-Investor

Admin/ July 17, 2017/ News and Events/ 0 comments

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 extends loans to 4 Electric Cooperatives (ECs) worth Php30.2 Million

Admin/ June 17, 2017/ News and Events/ 0 comments

The Board of Directors of the Rural Electrification Financing Corporation (REFC), spearheaded by its President, Engr. Gabriel Tordesillas, approved the loan applications of four (4) member-ECs during its Board meeting last May 25, 2017. The loan recipients are: Central Pangasinan Electric Cooperative, Inc., (CENPELCO); Isabela I Electric Cooperative, Inc. (ISELCO I); Nueva Vizcaya Electric Cooperative, Inc. (NUVELCO); and, Camarines Norte

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SOLECO and PRESCO infuse more capital into REFC

Admin/ June 9, 2017/ News and Events/ 0 comments

The Rural Electrification Financing Corporation (REFC) is intensifying its capital build-up by showcasing to the Electric Cooperatives (ECs) the advantage of being member-investors. And with a positive response from the ECs, REFC now has few remaining shares available for subscription from its approved capitalization of Php 700 Million. Two member-ECs recently infused more capital into REFC, namely: the Southern Leyte

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ILECO III & LEYECO V Additional Investments

Admin/ March 21, 2017/ News and Events/ 0 comments

In 2016, the Rural Electrification Financing Corporation (REFC) released Php241,681,590 in loans to fund projects of borrowing member-ECs intended to improve their operation and financial viability. With the company showing steady growth in lending activity, member-Electric Cooperatives (ECs) are seeing value for their money and showed their support by putting in additional investments to beef up the funding resources of

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93rd Investor Electric Cooperative

Admin/ March 16, 2017/ News and Events/ 0 comments

A new investor Electric Cooperative (EC) has recently joined the Rural Electrification Financing Corporation (REFC), with an initial investment of 250 shares or Php250,000. By virtue of their Board Resolution No. 59-2016, the North Cotabato Electric Cooperative, Inc. – PPALMA (COTELCO-PPALMA) becomes the 93rd shareholder of the REFC family. This was revealed by REFC Board President Gabriel Tordesillas during the

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INEC subscribes additional equity into REFC

Admin/ February 14, 2017/ News and Events/ 0 comments

Following a profitable year in 2016 for REFC, the Ilocos Norte Electric Cooperative, Inc. (INEC) subscribed an additional equity of ₱5 Million early in 2017. This is in answer to the call for additional subscription sent by REFC to all its investor-ECs to subscribe the remaining ₱80 Million available out of its ₱700 Million capitalization. The investor-ECs have been their

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2016 Growth in Investment

Admin/ February 2, 2017/ News and Events/ 0 comments

The Rural Electrification Financing Corporation (REFC) culminated its 2016 operations with sustained growth. From 81 EC-Investors and NRECA as of December 31, 2015, 10 more electric cooperatives joined the corporation listing 93 stockholders by year end. The growth in the number of investors remarkably shows that the Electric Cooperatives (ECs) are seeing the value for their investment. Thanks to the

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REFC & RETC Support PHILRECA Initiatives

Admin/ September 29, 2016/ News and Events/ 0 comments

REFC and RETC showcased their product and services during the PHILRECA 2016 Exhibition on Rural Electrification, in celebration of the 37th PHILRECA Annual Membership Meeting held in SMX Davao City last August 3 and 4, 2016. Headed by their President, Engr. Gabriel A. Tordesillas, and members of the Board, the REFC and RETC Delegation comprised of representatives from its local

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14 New Stockholders Joined REFC in 2015

Admin/ September 29, 2016/ News and Events/ 0 comments

“Many Electric Cooperatives (ECs) have shown interest of investing in the Rural Electrification Financing Corporation (REFC), a financing company owned by the ECs. To date, we have 75 member-ECs out of the 120 ECs throughout the country”, said REFC Board President, Engr. Gabriel Tordesillas of CAGELCO II during the 15th Annual Stockholders’ Meeting held at the Grand Chardonnay in Pasig

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