Renewable energy solutions provider SN Aboitiz Power Group (SNAP) continues to help advance community development by partnering with distribution utilities to implement electrification projects. These initiatives are funded through the Electrification Fund (EF) under the Department of Energy’s (DOE) Energy Regulation No. 1-94 (ER 1-94) program.
Memorandum of Agreements (MOA) were signed between SNAP and Benguet Electric Cooperative (BENECO) on March 28, 2025 and Isabela Electric Cooperative (ISELCO) on April 11, 2025. These agreements underscore the importance of strong partnerships between power generation companies and distribution utilities to effectively utilize EF for the benefit of host communities.
The EF under ER 1-94 provides benefits to communities hosting power generating facilities by setting aside 50% of one centavo per kilowatt-hour (0.005/kWh) of electricity sales for electrification projects. The EF funds are primarily used to extend electricity access to underserved areas, particularly remote and rural areas and are aligned with DOE’s National Total Electrification Roadmap, which aims to achieve 100% electrification by 2028.
Benguet Electric Cooperative (BENECO) on March 28, 2025
Since 2018, SNAP has accumulated Php45 million in EF from the operation of its Ambuklao and Binga hydro facilities in Benguet, and the Magat and Maris hydro facilities in Isabela and Ifugao. In 2020, a portion of these funds was directed towards public health emergency response efforts during the COVID-19 pandemic in its host communities.
About SNAP:
SNAP is a renewable energy producer and developer. It 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. 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.
