SN Power Aboitiz (SNAP) wins three prestigious prizes.

28-9-2011

SNAP (a daughter company of SN Power) won one gold and two silver prizes at the prestigious Asian Power Awards in Malaysia tonight.

SNAP (a daughter company of SN Power) won one gold and two silver prizes at the prestigious Asian Power Awards in Malaysia tonight;

1. GOLD: Environmental Company of the Year: SN Aboitiz Power Benguet – Strict commitment and compliance with local and national environmental regulations ensures top notch operating standards. In addition, the company is engaged in a technical cooperation program with the National Power Corporation for watershed management and protection.

2. SILVER: Independent Power Producer of the Year: Magat Hydroelectric Power Plant – First plant contracted to provide ancillary services to the Philippine grid. Financial results consistently exceeding shareholders expectations and contributing to local revenues and communities.

3. SILVER: Best Renewable Energy Power Plant of the Year: Ambuklao Hydroelectric Power Plant – Impressive engineering and technological skills have resulted in additional 105 MW of renewable energy to the Philippine grid. Recognized as a CDM project by the UN FCCC.

“I am very proud of our team for receiving this very important recognition for the work that we do with all three of our power plants in Philippines. We were competing with literally thousands of companies and plants across all types of power technologies and across all of Asia. So the fact that we won in the three categories that are the most important to us is really an important motivator in our drive towards excellent results”, says EVP of Southeast Asia Erik Knive.

The awards recognize Asia’s top power plant projects, and search for companies with outstanding performance. The panel of judges consists of highly recognized people in the Asian power market.