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.
PHOTO CAPTION: SN Aboitiz Power Group-Magat (SNAP-Magat) signs MOA with
Isabela Electric Cooperative (ISELCO) on April 11, 2025.
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.
PHOTO CAPTION: SN Aboitiz Power Group-Benguet (SNAP-Benguet) signs MOA with
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.
