SNAP-Magat celebrates 17 years of energizing a sustainable future
In Photo: (Left) SNAP-Magat’s President and Chief Executive Officer Joseph Yu.
SN Aboitiz Power Magat (SNAP-Magat) marked its 17th anniversary on April 26 by looking back on its accomplishments and embracing the call for a sustainable society for future generations.
This was followed by World Safety Day activities which included safety knowledge quizzes, safety and emergency preparedness relays, and a first aid competition.
The celebration culminated in a simple anniversary program for employees on the same day. This year’s theme “SNAP-Magat at 17: Celebrating Resilience, Growth, and a Bright, Sustainable Future,” reflects how the company has evolved and adapted to changing times.
“Today, we celebrate SNAP-Magat’s resilience and growth. We hope to continue growing the business, and I look forward to many more years of energizing a sustainable future for our communities and the country,” said SNAP-Magat’s President and Chief Executive Officer Joseph Yu.
In the past 17 years, the company has supported 632 projects valued at approximately PhP353 million through its CSR and community investment programs. In 2022, SNAP-Magat conducted an avifauna assessment along the Upper Magat watershed as part of its conservation efforts. To date, the company has planted 231,320 seedlings covering 210 hectares. These efforts demonstrate its commitment to protecting the environment and creating more sustainable communities. # (PR)
About SNAP-Magat:
SN Aboitiz Power-Magat (SNAP-Magat) is a joint venture between Scatec and Aboitiz Power Corporation (AP).
Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. As a long-term player, they develop, build, own, and operate renewable energy plants, with 4.6 GW in operation and under construction across four continents today. They are committed to growing their renewable energy capacity, delivered by their 800 passionate employees and partners who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’.
AP is the holding company of the Philippines-based Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances businesses and communities by providing reliable and ample power supply at a reasonable and competitive price, and with the least adverse effects on the environment and host communities.
SNAP-Magat owns and operates the Magat hydroelectric power plant which has a nameplate capacity of 360 MW and a maximum capacity of 388 MW on the border of Isabela and Ifugao; and the 8.5-MW Maris hydro in Isabela. The non-power components such as dams, reservoirs, and spillways are owned, managed, and operated by the government.
