SNAP secures renewable energy supply deals with IFELCO, CAGELCO

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Renewable energy solutions provider SN Aboitiz Power Group (SNAP) kicked off 2022 with power supply agreements (PSA) with two distribution utilities, Ifugao Electric Cooperative (IFELCO) and Cagayan II Electric Cooperative (CAGELCO II).

SNAP signed a nine-year PSA with IFELCO on January 20, marking the continuation of their partnership. IFELCO has been SNAP’s valued distribution utility (DU) partner since 2007.

SNAP Group President and CEO Joseph Yu, SNAP-RES CEO Senen Fenomeno, IFELCO Project Supervisor/Acting General Manager (PS/AGM) Romeo “Boyet” Acuesta, and IFELCO Board of Directors (BoD) Chairwoman Mary Jane Chummac led the virtual signing ceremony.

The ceremony was attended by representatives from the Department of Energy (DOE), the National Electrification Administration (NEA), IFELCO directors from across Ifugao province, and members of the SNAP and IFELCO management teams.

SNAP President and CEO Joseph Yu said, “IFELCO has been one of our longest DU partners, and this agreement represents both our organizations’ commitment to sustainability. Thank you for continuing to put your faith in us for your power needs— by choosing SNAP’s responsible energy, you are supporting our mission to power a more sustainable future.”

IFELCO BoD Chairwoman Mary Jane Chummac emphasized the significance of this agreement with SNAP. She stated that SNAP’s renewable energy supply had enabled them to provide clean, high-quality, and affordable electricity to their customers over the years.

“We thank you for this partnership not only with IFELCO but with the entire consumers of the province,” said IFELCO PS/AGM Boyet Acuesta.

SNAP also started implementing its PSA with CAGELCO II on January 26, its first supply agreement with the Cagayan distribution utility.

“SNAP remains committed to our mission by providing responsible, renewable energy solutions to our customers,” Yu said. “With our partnership with IFELCO, which spans over a decade, and new partnership with CAGELCO, we hope to enable more customers make the switch to renewables, in support of the government’s RE programs.”