SN Aboitiz Power-Magat
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.
- Company typePrivate
- Founded2008
- HeadquartersManila, Philippines
- Headcount—
- GTM typeB2B
- OfferingServices
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.
SN Aboitiz Power-Magat firmographics
Firmographics- 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
SN Aboitiz Power-Magat industry classification
Industry- 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
Where SN Aboitiz Power-Magat is headquartered
LocationHeadquarters
- HQ city
- Manila
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
SN Aboitiz Power-Magat business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Bilateral Power Supply Agreements |
| Transaction based/ take rate | Pay-as-you-go | Wholesale Electricity Spot Market |
| Subscription | Annual | Retail Contestable Customers |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
SN Aboitiz Power-Magat product offering
Product offeringCore 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
Companies that use SN Aboitiz Power-Magat
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
SN Aboitiz Power-Magat technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
SN Aboitiz Power-Magat partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
SN Aboitiz Power-Magat competitors and assessment
Company assessmentDirect 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
SN Aboitiz Power-Magat social profiles
Digital presenceSN Aboitiz Power-Magat financial estimates
Financial estimateRevenue estimate
Valuation estimate
SN Aboitiz Power-Magat leadership team
Management profileNumber of profiles
Profiles2 records
SN Aboitiz Power-Magat subsidiaries and ownership
Company hierarchySubsidiaries1 record
SN Aboitiz Power-Magat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SN Aboitiz Power-Magat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SN Aboitiz Power-Magat
What does SN Aboitiz Power-Magat do?
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.
When was SN Aboitiz Power-Magat founded?
SN Aboitiz Power-Magat was founded in 2008.
Where is SN Aboitiz Power-Magat based?
SN Aboitiz Power-Magat is headquartered in Manila, Philippines, in the Asia region.
How does SN Aboitiz Power-Magat make money?
Two revenue lines are on record. Wholesale Power Generation is the primary driver. The others are retail Electricity Supply (SNAP-RES).
Who are SN Aboitiz Power-Magat's main competitors?
Direct peers on record are First Gen Corporation, ACEN Corporation, Energy Development Corporation (EDC), Meralco PowerGen Corporation (MGEN) and Aboitiz Renewables. Broad incumbents are Aboitiz Power Corporation, San Miguel Corporation Global Power (SMC Global Power) and ENGIE SA. Vena Energy is listed as a regional player. Scatec ASA is listed as an emerging player.
Does SN Aboitiz Power-Magat have an API?
No public API is recorded for SN Aboitiz Power-Magat.
What industry is SN Aboitiz Power-Magat in?
SN Aboitiz Power-Magat's product category is Renewable Power Generation. Its primary akta.pro industry code is EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro), with a secondary code of EUAMAJAK, Resilience & Backup Power Solutions (Critical Facilities, Islanding). Its NAICS code is 221111 and its SIC code is 4911.