SN Aboitiz Power (SNAP) yesterday clarified it operates the Magat hydroelectric power plant on the border of Isabela and Ifugao, but not Magat Dam, which is owned by the National government through the National Irrigation Administration.
SNAP issued this clarification after several social media posts and news stories erroneously identified SNAP as owner or operator of the Magat Dam.
“SNAP does not own, manage, or operate Magat dam and its re-regulating facilities. It took over Magat hydroelectric power plant in 2007 after a successful privatization bid. Magat dam is a multi-purpose dam primarily for irrigation and flood control. As such, the ownership, management, and operations of Magat and Maris dams and all other non-power components such as reservoirs and spillways remained with the government through the National Irrigation Administration (NIA),” SNAP said in a statement.
Meanwhile, SNAP has mobilized relief operations in its host and neighboring communities affected by Typhoon Ulysses.
SNAP has set aside P3.5 million for the operations which it launched on November 16. The aid is expected to reach 2,465 families in Isabela and part of Cagayan.