Business World

SN Aboitiz allots 633 MW for ‘green’ energy users

- By Angelica Y. Yang

SN Aboitiz Power (SNAP) is targeting to use 633 megawatts (MW) of the total dependable capacity from its three hydroelect­ric plants in Isabela and Benguet for the country’s green energy option program (GEOP), its top official said on Thursday.

“For GEOP, SNAP-Magat and SNAP-RES would tap into the 633 MW of combined dependable capacities from their hydroelect­ric power plants in providing power to companies with demand greater than 100 kilowatts (kW),” SNAP President and Chief Executive Officer Joseph S. Yu told BusinessWo­rld.

Customers with a minimum of 100 kW of usage can source their supply from a retail energy supplier, according to the

GEOP, a voluntary renewable energy policy mechanism launched in 2018.

Last month, the Department of Energy (DoE) granted GEOP operating permits to six firms, including SNAP-Magat, Inc. and SNAP-Res, Inc.

“SNAP-Magat and SNAPRES will tap into the combined dependable capacities of SNAP Group’s hydroelect­ric power plants. SNAP-Magat will source from the 388-MW Magat hydroelect­ric power plant. SNAP-RES, on the other hand, will source from the 105MW Ambuklao and 140-MW Binga plants,” Mr. Yu said in a response to e-mailed questions.

He said that the two firms planned to engage companies that had a demand greater than 100 kW, particular­ly those that wanted to meet their environmen­tal sustainabi­lity goals; and environmen­tal, social and governance standards.

Mr. Yu added that the SNAP firms were looking to work with companies that were part of the RE100, a global initiative made up of businesses that have committed to using 100% renewable power.

SNAP is a joint venture between SN Power AS of Norway and locally listed Aboitiz Power Corp.

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