Thursday, July 5, 2018

Pres. Duterte signs electric coops emergency and resiliency fund into law


Financing restoration/rehabilitation of power infra damaged by calamities.

Marinduque Rep. Lord Allan Velasco, Chairperson of the House Committee on Energy, expressed gratitude to President Rodrigo Roa Duterte for the enactment of Republic Act No.11039 into law.

The law institutionalizes the emergency and resiliency fund for Electric Cooperatives. With its passage into law, these cooperatives will be better served in the future to address the adverse effects of calamities and disasters.

Consistent with this policy, the new law seeks to assure the availability of funds for Electric Cooperatives in times of fortuitous events or force majeure. Accordingly, thirty percent (30%) of the allotted fund will be used for the electric cooperatives’ disaster prevention, disaster preparedness and disaster mitigation measures.

Making it easier for electric coops to cope when disaster strikes

Meanwhile, sixty percent (60%) will be used for the restoration or rehabilitation of the electric cooperatives’ damaged infrastructures after a fortuitous event or force majeure. And to cap it off, ten percent (10%) will be reserved for the repayment of outstanding obligations incurred by the cooperatives for the purpose of financing the restoration / rehabilitation of their infrastructures damaged by a fortuitous event or force majeure.

Congressman Velasco hopes that the enactment of this new law will mitigate the worries and problems of Electric Cooperatives, especially during the occurrence of natural disasters such as typhoons and earthquakes.



“These are the meaningful changes that I envision as Chairperson of the House Committee on Energy,” said Velasco. “Hopefully, with the support of the Duterte Administration, more laws that will have beneficial impact on our country such as RA 11039 will be passed in the near future,” he added

Rep. Lord Allan Velasco (left) and Pres. Rodrigo R. Duterte



Susong Dalaga Hill

Susong Dalaga Hill
Susong Dalaga Hill from Bagtasan isthmus

Date and Time

Blog Archive

Total Pageviews

Popular Posts

Followers

Space Weather

Space Weather
What's up in space

Categories

Adeline Angeles ADVENTURE SERIES ALAIN MADRIGAL ALLAN VELASCO AMOINGON ARAW NG MARINDUQUE ARCHAEOLOGY Argao AWARENESS BAGTINGON Bahaghari BANTAY-KASO Barrick Gold BATTLE OF MASAGUISI BATTLE OF MORIONS BATTLE OF PAYE BATTLE OF PULANG LUPA Bishop Marcelino Antonio Maralit Jr Bishop Reynaldo Evangelista BOAC BOAC CATHEDRAL BUENAVISTA BULONG Bunganay BUTTERFLY CAPITOL BUILDING CAPITOL CHOIR Cardinal Ricardo Vidal CARMENCITA REYES CAWIT PORT CBCP CEMETERIO DE TAMPUS CENSORSHIP CHANGE CINEMALAYA CLIMATE CHANGE COA Report COLONIAL HOUSES Conflict CONG. LORD ALLAN VELASCO CORRUPTION CORY AQUINO Curt Shepard Dengvaxia victims DISASTER DONA PAZ DPWH DR. ANTONIO UY DTI DUTERTE EARTHQUAKE ECO-TOURISM EDSA Elections 2010 Elections 2013 Elections 2016 ELI OBLIGACION ENVIRONMENT EVENTS EXTREME MARINDUQUE FEATURED SITES GALLEONS GASAN GASANG-GASANG FESTIVAL GASPAR ISLAND GOV. BONG CARRION Guisian HEALTH HERMENEGILDO FLORES Hinanggayon HINULUGAN FALLS HOBIE HOLY WEEK JOSE F. ALVAREZ JOSEPH EMIL BIGGEL Joseph Laban JR LABRADOR Kalesayahan KALUTANG KURAY LAYLAY LETTER TO GOVERNOR LONGHINO Lorna-Quinto Velasco LUBANG FAULT LUZON DATUM OF 1911 Mabusay Falls MACEC MALINDIG Maniwaya Marcopper MARELCO MARINDUQUE AIRPORT MARINDUQUE AKIN KA MARINDUQUE CULTURE MARINDUQUE ELECTIONS 2013 MARINDUQUE FIRST SATURDAY MOVERS MARINDUQUE HISTORY MARINDUQUE HISTORY CONFERENCE MARINDUQUE INFRA PROJECTS Marinduque Politics MARINDUQUE STATE COLLEGE MARINDUQUE TOURISM MARINDUQUE VIDEO MARTIN LARDIZABAL MAXIMO ABAD MIMAROPA MOGPOG MORIONES 2009 MORIONES FESTIVAL Moriones Festival '10 Moriones Festival '12 MORIONES FESTIVAL 08 MORIONES FESTIVAL 09 MORYONAN MSC SAMBAYANG SINING LAHI MUTYA NG MARINDUQUE Myke Magalang NCCA NORWEGIAN MISSION ALLIANCE PASTORES PASYONDULA PASSION PLAY Paye PEOPLE PERCIVAL MORALES PH HISTORY PHILIPPINE ARTS FESTIVAL Places PNP Poctoy Beach Pope Francis Pork Barrel POWER OUTAGE Pres. Benigno S. Aquino Presiden PRESIDENT DUTERTE Princess of the Stars PRRM PUTONG RAMON MADRIGAL Raymond Go ROBERTO MADLA Romulo Bacorro Russel Madrigal SAKAMAR SAN ISIDRO CAVE Sangguniang Panlalawigan Sawi Sayao Bay SCUBA DIVING SEA TRAVEL SCHEDULES SEAIR SENEN LIVELO Silangan South China Sea SPACE STA. CRUZ STATE OF THE PROVINCE ADDRESS STTC ASSEMBLY Susong Dalaga Hill TARUG CAVE TD Vinta TEATRO BALANGAW TEOFILO N. ROQUE TON MONTEAGUDO TORRIJOS TOTO NEPOMUCENO Treasure Hunt TRES REYES ISLANDS TRIVIA Tumagabok Falls TYPHOON "FRANK" TYPHOON "ONDOY" Typhoon NinaPH Typhoon URDUJA VERDE ISLAND PASSAGE Vicky Lao-Lim VIVA MARINDUQUE 2008 VIVA MARINDUQUE 2009 VIVA MARINDUQUE REPORT WALANG SUGAT WEEKLY MARINDUQUE WEN VELASCO WORLD WW2 WW3 YESHUA YOOK

Quick news, photos, videos, culture, tourism, history and all that there is on the island of Marinduque, Philippines. "VIVA MARINDUQUE!" www.marinduquegov.blogspot.com

Marinduque Rising | www.marinduquegov.blogspot.com | (c) 2007. Powered by Blogger.