South Cotabato Electric Cooperative (SOCOTECO)

South Cotabato Electric Cooperative (SOCOTECO)

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
General
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Shortlists/Awards
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Details

Legal residence:Philippines
Organization type:NGO
Funding agencies:WB, Other
World Bank HQ, Other
Sectors:Electrical Engineering, Energy
Electrical Engineering, Energy
Sanctions:Check now
Status:
Active

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About

The South Cotabato II Electric Cooperative, Inc. (SOCOTECO II) is an active partner of the national government in the successful implementation of Rural Electrification Program. Organized on May 7, 1977 by virtue of Presidential Decree 269, it is a non-stock and non-profit electric cooperative, supervised and regulated by the National Electrification Administration.

It remains to one of the cheapest distribution utilities in the country while working a highly-challenging Philippine power industry. As of December 2015, it has the highest power sales among electric cooperatives at 762 GWH sales. It has also pioneered the establishment of embedded generators and base load power plant to address supply sufficiency.

Through the provision of energy services, especially in the far-flung and unviable areas, SOCOTECO II helped in the achievement of social objectives and generation of economic growth in the Philippines.

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