DBP’s Electric Cooperative Loan Take-out Assistance from PSALM (DELTA-P) aims to contribute to the continual improvement of electric cooperatives’ performance through loan take-out from Power Sector Assets and Liabilities Management (PSALM) Corporation in line with efforts to ensure adequate, affordable and reliable supply of electricity.
Eligible Borrowers
Electric Cooperatives (EC) with Restructuring Agreement (RA) or Special Payment Agreement (SPA) with PSALM. The borrower must have a satisfactory record of at least six (6) consecutive payments of the required principal and interest with PSALM.
Eligible Loan Purpose
Finance 100% of outstanding loan with PSALM
Loan Features
1. Loan Amount
• Total obligation at the time of loan take-out
2. Repayment Terms
• Based on cash flow, loan tenor is up to fifteen (15) years, payable in equal monthly amortizations with no grace period on principal
• The loan tenor should not exceed the remaining corporate life of the EC
Program Requirements
Certified True Copy of the following documents:
1. RA or SPA with PSALM
2. PSALM Certification that the EC’s account is classified as current and has established satisfactory record of at least six (6) consecutive payments of the required amortization of principal and interest
3. Latest PSALM Statement of Account
4. EC’s Audited Financial Statements for the past three (3) years
5. EC’s latest Financial Statement
For more program information, please contact:
Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2316, 2340, 2348, 2379
E-mail: pdm1@dbp.ph