SN Power takes over Statkraft’s shares and acquires 57.6 percent of Himal Power Limited (HPL), which owns the Khimti power plant (60 MW/ 360 GWh) in Nepal. Khimti started its operations in 2000. Khimti is also behind a number of local development programs in the local area. In November 2008, HPL receives a license to expand the project with 50 MW through a new power plant (Kirne Hydropower Project). This project has yet to be realized.
Through the 50 percent shareholding in SN Aboitiz Power (SNAP), SN Power acquire Magat, the largest hydropower plant in the Philippines with a capacity of 360 MW/940 GWh.
The power plant lies 350 kilometres north-east of the capital Manila.
Magat is a cornerstone in the local community and a number of corporate social responsibility programs have been established locally, spanning everything from environment work to health services and education.