The ECs are requested to submit related documents before the NEA Disaster Risk Reduction and Management Department (DRRMD) by Sept. 20, 2024.
NEA directs ECs to insure critical assets vs. calamities
By Alena Mae S. Flores – September 13, 2024, 7:50 pm
from manilastandard.net
The National Electrification Administration (NEA) asked electric cooperatives (ECs) to be ready in the event of serious calamities by obtaining insurance policies for their critical assets as the Philippines continues to weather storms, earthquakes and other environmental hazards.
NEA deputy administrator for technical services Ernesto Silvano Jr., in a memorandum dated Sept. 10, 2024, sought information from all ECs under its watch regarding insurance coverage for their technical and operational facilities.
“In the aftermath of a disaster/calamity, the cost of rehabilitation/restoration of the damaged assets can be substantial. Insurance helps ensure that assets are quickly restored or replaced, reducing downtime and maintaining operational efficiency,” Silvano wrote in the memo.
“This is particularly important for electric cooperatives (ECs) , where uninterrupted service is critical for community reliability,” he said.
