SN Aboitiz Power-Magat

What SN Aboitiz Power-Magat does

SN Aboitiz Power-Magat (SNAP) is a Philippine joint venture power generation company operating a diversified portfolio of renewable energy assets, anchored by hydroelectric facilities including the Magat, Binga, Ambuklao, and Maris Hydro Power Plants. The company was established in 2008 as a joint venture between Aboitiz Power Corporation and Scaroni/ENEL (later restructured with Scangrila Inc. and Norfund as partners) and is headquartered in Makati City, Metro Manila. Its attributable net sellable renewable energy capacity reached approximately 2 GW by February 2026, more than doubling from less than 1 GW in 2020, supported by the February 2026 acquisition of the 789 MW CBK HEPP Complex, a pumped-storage hydroelectric asset in Laguna that provides grid stability and ancillary services for the Luzon grid. Additional battery energy storage capacity is deployed at the Magat facility.

SNAP generates revenue primarily through wholesale electricity sales to distribution utilities, electric cooperatives, and large industrial customers via long-term bilateral power supply agreements, supplemented by spot market sales through the Wholesale Electricity Spot Market (WESM). The company also operates SNAP-RES, a retail electricity supply subsidiary serving contestable commercial and industrial customers seeking renewable energy procurement options. Ancillary services are sold to the National Grid Corporation of the Philippines. The broader Aboitiz Power Corporation, SNAP's strategic parent, holds a 23.86% national market share as of July 2025, with 1,000+ MW of additional renewable capacity under development across solar, hydro, geothermal, and wind technologies. Corporate leadership is headed by President and CEO Joseph Yu and CFO Eleanor Blomdahl.

Name

SN Aboitiz Power-Magat

Legal name

SN Aboitiz Power Group

Website

https://snaboitiz.com

Company type

Private

Founded year

2008

Operating status

Operating

Short description

SN Aboitiz Power-Magat is a Philippine joint venture operating hydroelectric and renewable power plants including Magat, Binga, Ambuklao, and Maris, selling wholesale electricity to distribution utilities, electric cooperatives, and contestable C&I customers under bilateral agreements and through WESM.

Ownership category

akta.pro rank

Product category

Renewable Power Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

akta.pro secondary industries

Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE)

Keywords

• Hydroelectric power generation
• Renewable energy supply
• Wholesale electricity generation
• Retail electricity supply
• Battery energy storage

Headquarters

HQ city

Manila

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Wholesale Power Generation: SN Aboitiz Power generates electricity from its fleet of hydroelectric, solar, geothermal, and wind facilities and sells power to distribution utilities, electric cooperatives, and through the Wholesale Electricity Spot Market (WESM). Revenue is derived from long-term bilateral power supply agreements and spot market sales based on generation output and grid dispatch.
2. Retail Electricity Supply (SNAP-RES): Through its retail electricity supply subsidiary SNAP-RES, the company serves contestable customers by providing renewable energy solutions, offering a pathway for end-users to source power from renewable facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

SN Aboitiz Power-Magat operates a portfolio of hydroelectric power plants (Magat, Ambuklao, Binga, Maris) that generate renewable electricity sold to distribution utilities, electric cooperatives, and large industrial customers via long-term bilateral power supply agreements and the Wholesale Electricity Spot Market (WESM). Through its SNAP-RES retail electricity supply subsidiary, the company also provides contestable commercial and industrial customers with renewable energy procurement options. Battery energy storage systems at Magat provide grid stability and ancillary services to support renewable integration into the Luzon grid.

Product overview

SN Aboitiz Power (SNAP) is a Philippine-based power generation company operating as a joint venture between Scangrila Inc. (of the Aboitiz Group) and Norfund. The company operates a diversified portfolio of hydroelectric power facilities including Magat, Ambuklao, Binga, and Maris Hydro Power Plants, complemented by battery energy storage systems (BESS) for grid stability. SNAP also offers retail electricity supply services through its SNAP-RES brand, providing renewable energy access to commercial and industrial customers. The company is expanding its renewable capacity through solar, hydro, geothermal, and wind projects in support of the Philippines' clean energy goals.

Differentiator

Problem solved

Functional benefit

Brands

• SNAP-RES: Retail Electricity Supply business unit of SN Aboitiz Power

Products and services

• Magat Hydro Power Plant Hydroelectric power generation facility located in Isabela, Philippines, providing renewable baseload and dispatchable energy to the Luzon grid for distribution utilities and electric cooperatives.
• Ambuklao Hydro Power Plant Hydroelectric power generation facility located in Benguet, Philippines, contributing to SNAP's renewable energy capacity for the Luzon grid.
• Binga Hydro Power Plant Hydroelectric power generation facility located in Benguet, Philippines, part of SNAP's hydroelectric portfolio contributing to renewable energy generation.
• Maris Hydro Power Plant Hydroelectric power generation facility contributing to SNAP's renewable energy capacity in the Philippines.
• Magat BESS 2 (Battery Energy Storage System) Battery energy storage system at the Magat facility providing grid stability and ancillary services for integrating variable renewables into the Luzon grid.
• SNAP-RES (Retail Electricity Supply) Retail electricity supply service offering commercial and industrial contestable customers access to renewable energy solutions under customized contracts.

Quantifiable outcome

• More than doubled attributable net sellable renewable energy capacity to approximately 2 GW as of February 2026, up from less than 1 GW in 2020
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• First Gen Corporation: Philippine independent power producer with a clean-energy portfolio spanning hydroelectric, geothermal, solar, and natural gas. Directly comparable as a Philippine-listed renewable IPP selling wholesale and retail electricity with similar bilateral and WESM go-to-market.
• ACEN Corporation: Ayala group's listed renewable energy platform in the Philippines with a multi-gigawatt portfolio across solar, wind, and hydro plus a retail electricity supply arm. Directly comparable in business model, technology mix, and Philippine-market focus.
• Energy Development Corporation (EDC): Lopez group's Philippine geothermal and renewable energy IPP — the country's largest geothermal operator with additional wind, hydro, and solar assets. Comparable as a diversified Philippine RE generator serving distribution utilities via bilateral and WESM channels.
• Meralco PowerGen Corporation (MGEN): Generation arm of Meralco, the Philippines' largest electric distribution utility, developing and operating a mix of renewable and thermal capacity. Comparable as a Philippine IPP with overlapping distribution-utility off-taker relationships.
• Aboitiz Renewables: Aboitiz group's renewable energy platform that operates hydro, geothermal, solar, and wind assets in the Philippines. Directly comparable as a sister entity under the Aboitiz umbrella with similar technology mix and customer base.

Broad incumbents

• Aboitiz Power Corporation: SNAP's publicly listed parent and the third-largest power producer in the Philippines with a mixed thermal and renewable portfolio. Comparable as the broader incumbent that owns SNAP and other generation assets, holding 23.86% national market share.
• San Miguel Corporation Global Power (SMC Global Power): One of the largest Philippine power conglomerates with a mixed thermal, hydro, and battery storage portfolio. Comparable as a large incumbent selling into the same distribution utility and WESM channels as SNAP.
• ENGIE SA: Global energy major with a sizable renewable generation portfolio across hydro, solar, wind, and storage, and the historical JV partner (via its predecessor ENEL/Scaroni interests) in SNAP. Comparable as a global incumbent with renewable IPP operations and grid-services capabilities.

Regional players

• Vena Energy: Singapore-headquartered Asia-Pacific renewable IPP with utility-scale solar, wind, and storage projects across the region including the Philippines. Comparable as a multi-technology RE developer operating in overlapping Southeast Asian geographies.

Emerging players

• Scatec ASA: Norwegian renewable energy developer and IPP with utility-scale solar, hydro, and storage assets across emerging markets. Comparable as a publicly listed renewable IPP focused on long-term PPA-driven revenue and emerging-market geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sn-aboitiz-power-benguet

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SN Aboitiz Power-Magat