10th Anniversary of SN Aboitiz Power – Magat, Inc.

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‘I commend the SN Power – Aboitiz Power Group for its great work in the energy sector. This venture is important for both Norway and the Philippines’, says Ambassador Erik Førner at the 10th anniversary celebration of the SN Aboitiz management of the Magat Hydroelectric Power Plant (Magat HEPP) on 26 April 2017 in Ramon, Isabela. Energy Secretary Alfonso Cusi, Ramon Isabela Mayor Jesus Laddaran, SN Power Country Director Tor Stokke, and Aboitiz Power CEO Antonio Moraza graced the event.

The event marked the 10th year anniversary of the SN Aboitiz Power (SNAP) Group’s management of the Magat HEPP. The joint venture between SN Power of Norway and Aboitiz Power was formed when SNAP won the bid for the Magat HEPP in Isabela and Ifugao. SNAP is the leading provider and developer of renewable energy in the region. The non-power components of Magat remain government-owned and continue to provide irrigation to about 85,000 farmlands in the area. Aside from Magat, SNAP also operates the Ambuklao and Binga Hydoelectric HEPPs in Benguet. SNAP is an important part of the local community, and contributes through an extensive corporate social responsibility program.

‘Energy is fundamental for any country’s economic growth and potential. Our ambition is to contribute further in developing sustainable energy resources and supporting economic progress in the Philippines’, says Ambassador Førner.

Norway is an energy nation that has successfully utilized and managed hydro power, oil, gas and wind power. Today, Norway is 99% self-sufficient with hydroelectric power.