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 Jan. 20, marking the continuation of their partnership. Ifelco has been SNAP’s valued distribution utility partner since 2007.
SNAP Group President and Chief Executive Officer Joseph Yu, SNAP-RES CEO Senen Fenomeno, Ifelco Project Supervisor/Acting General Manager Romeo Acuesta, and Ifelco Board of Directors Chair Mary Jane Chummac led the virtual signing ceremony, which was also attended by representatives from the Department of Energy, the National Electrification Administration, Ifelco directors, and members of the SNAP and Ifelco management teams.
“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,” Yu said.
Chummac emphasized the significance of the agreement, saying 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 consumers of the province,” Acuesta added.
SNAP also started implementing its PSA with Cagelco II on Jan. 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. With our partnership with Ifelco, which spans over a decade, and new partnership with Cagelco, we hope to enable more customers to make the switch to renewables, in support of the government’s RE programs,” Yu said. – Press release
April 27, 2024
