Title:    Philippine Rural Electrification Service Project

Implementing Agency:    National Power Corporation - Small Power Utilities Group

Financing:    French Protocol

                        Natexis                        Euro10,498,800.00

                        BNP Paribas                 Euro 6,999,200.00

Loan: 15 years + 10 years grace period., interest rate 0.4% per year; payment semiannual, Euro currency

Contracting Period: 877 Calendar days

Notice to Proceed: 18 January 2007

Contract End: 13 June 2009

Contractor: ETDE of France and Paris-Manila Technology (PAMATEC)

Work Scope: Engineering, Procurement, Sales and Construction

Target Area Coverage: Masbate & Ticao

                        Number of Barangays:            128

                       Number of Households:           18,0000

 Design Result:

 STATUS as of:

• French Ambassador Visits Pres Project



• 07 July  2008




• 17 June 2008




• 14 May 2008




• 31 January 2008

• 05 May 2009