SN Aboitiz Power-Magat (SNAP-Magat) shared the importance of hydropower as a renewable source of energy during its annual host communities’ forum with the theme “Creating a Sustainable Energy Future: The Impact of Climate Change on Hydropower and Our Communities” on October 17 and 18, 2023 in Ifugao, Isabela and Nueva Vizcaya respectively.
The two-day forum brought together around 200 Ifugaos, Isabelinos, and Nueva Vizcayanos from local governments and indigenous peoples organizations (IPOs).
In his keynote speech, SNAP Group President and CEO Joseph Yu talked about the impact of climate change on hydropower operations. He highlighted the company’s focus on reducing the impacts of climate change through sustainable practices and equitable solutions to create a better future for its communities.
“We continue to leverage new technology such as improved weather and inflow forecasting to optimize the operations of our hydropower plants. We are also developing other renewable sources such as solar and RE-complementary technologies like battery energy storage systems,” Yu said.
A message of support for SNAP was expressed by the Governor of Ifugao, Jerry Dalipog, during the HCF in Banaue, Ifugao. In his speech, he stressed how he supports the need to develop more renewable energy resources in their province.
For the past 16 years, the company’s corporate social responsibility (CSR) and community investment initiatives have supported 601 projects valued at around PhP337million. This includes providing educational, health, and livelihood assistance, as well as investing in cultural and heritage protection, infrastructure and environmental initiatives.
In 2022, the company renewed its sustainability commitment by integrating it into core strategies. They also embarked on an avifauna assessment along the Upper Magat watershed to support conservation efforts. To date, the company has planted 216,800 seedlings covering 195 hectares. These initiatives demonstrate the company’s dedication to renewable energy solutions and proactive measures to protect biodiversity.
Such efforts were supported by Nueva Vizcaya Vice Governor Eufemia Dacayo who stressed the significance of SNAP as it relates to environmental protection in their province.
“Addressing the challenges of climate change go hand-in-hand with our commitment to the progress of our communities; I look forward to working together with you to create a sustainable energy future,” Yu said.
About SNAP-Magat:
SN Aboitiz Power-Magat (SNAP-Magat) is a joint venture of Scatec and Aboitiz Power Corporation (AP).
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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’.
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AP is the holding company of the Philippines-based Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances business 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.
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SNAP-Magat owns and operates the Magat hydroelectric power plant which has a nameplate capacity of 360 MW and 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.
