Dedicated to fostering sustainable growth and creating positive change in the communities where it operates, SN Aboitiz Power-Benguet (SNAP-Benguet) was awarded as Benguet’s number one responsible taxpayer in the province.
The award was given during the Benguet Gong Awards in Business Achievement and Yield (Benguet GABAY) 124th Foundation Anniversary celebration, ADIVAY, on November 8, 2024 at Newtown Plaza Hotel, Baguio City.
The award underscores SNAP’s commitment to integrity, transparency, and collaborative partnership,” said SNAP-Benguet Assistant Vice President and Plant Manager Hollis Fernandez during his acceptance speech.
The Benguet Gong Awards recognize businesses or individuals from the province for their contributions to the local or national economy through responsible tax compliance in the province.
About SNAP Group:
SN Aboitiz Power (SNAP) is a joint venture of 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 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.
SNAP owns and operates the 112.5-MW Ambuklao and 140-MW Binga hydroelectric power plants in Benguet; 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; the 8.5-MW Maris hydro; and the 24-MW Magat battery energy storage facility in Isabela. The non-power components such as dams, reservoirs, and spillways are owned, managed, and operated by the government.
