SN Power is a global industrial investor in the power and energy markets. It is wholly-owned by the Norwegian Government through Statkraft (60%) and Norfund (40%). Its core markets are Asia and Latin America and through the subsidiary Agua Imara, SN Power is also present in Africa and Central America.
The company currently has 16 operating hydropower plants in its portfolio and ten more in various stages of planning and development. In 2009, the company also opened its first wind farm in Chile.
SN Power entered the Philippine market in 2006, by entering into a 50-50 joint venture partnership with Aboitiz Power, a local power entity with extensive experience in the power sector. The JV Company, SN Aboitiz Power (SNAP), bid for and subsequently won three (3) sizable hydropower plants in North Luzon. SNAP is now one of the largest private renewable energy generators in the country.
The representative office in the Philippines is headed by Country Manager Bjorn Holsen.
The hydro assets currently owned by SN Power, through SNAP, are as follows:
360 MW Magat hydropower plant located in the border of the provinces of Ifugao and Isabela. This facility was acquired and taken over by SNAP in April 2007.
120 MW Binga hydropower plant located in the province of Benguet. This plant is currently operational, with installed capacity of 100 MW, but being upgraded to 120MW.
105 MW Ambuklao hydropower plant located in the province of Benguet. Mothballed due to a major earthquake in July 1990, this plant was acquired and taken over by SNAP in July 2008 and has been rehabilitated into a 105 MW facility.
For more information about SN Power’s power plants in the Philippines, please visit: www.snpower.ph
Country Office Address
SN Power Holding Singapore Pte.Ltd. – Philippine Representative Office
3/F Herco Center
114 Benavidez St., Legaspi Village
Makati City 1229
Tel: +63 994 4025
Fax: +63 891 2774