SN Aboitiz Power (SNAP) said it is tapping into the 633 megawatts (MW) of dependable capacity from its three hydroelectric power plants in Isabela and Benguet for the Department of Energy’s (DOE) green energy option program (GEOP).
In a report by BusinessWorld, SNAP President and CEO Joseph Yu said SNAP-Magat would particularly source power from its 388MW plant in the Magat Dam complex at the Isabela-Ifugao border (photo above). SNAP-RES, meanwhile, would tap electricity from the 105MW Ambuklao and 140MW Binga plants, both in Benguet.
Launched in 2018, the GEOP is a voluntary mechanism that allows consumers that use at least 100 kW to source their power supply from a retail electricity supplier (RES). The program is based on Section 9 of Republic Act 9513 or the Renewable Energy Act of 2008.
Yu further said that the two firms had planned to engage companies that had a demand greater than 100 kW, especially those that wanted to meet their environmental sustainability goals; as well as their environmental, social and governance standards.
He added that SNAP-Magat and SNAP-RES 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 Aboitiz Power Corporation.