SN Aboitiz Power (SNAP) Group joined the three-day Asia Cooperation Dialogue (ACD) Conference Towards Energy Security, Sustainability and Resiliency in Panglao, Island, Bohol this week. Speaking earlier today on day two of the conference, SNAP President and Chief Executive Officer Joseph S. Yu affirmed the company’s support of the Department of Energy’s push to explore more concrete measures for sustainability, chief of which is the food-water-energy nexus.
The nexus focuses on interdependence between water, energy, and food. It aims to enhance cross-sector collaboration and policy coherence with the goal of promoting efficient use of resources, sustainability, and win-win solutions. In his talk, Yu highlighted the benefits of such an approach: synergy in resource utilization and conservation efforts; cost effectiveness through partnerships; its potential for scalability; and economic opportunities through job creation and development of alternative livelihoods.
“Hydros like SNAP are in a good, if not the best, position to apply this approach,” Yu said. Through watershed and resource management and development partnerships, he underscored an opportunity “to create shared value that benefits communities, partners, businesses and the environment.”
Yu joined other leaders from the private and public sectors at the ACD conference to discuss strategies and approaches in managing energy and sustainability issues in the region.
“SNAP is dedicated to being an instrument of positive change. The food-water-energy nexus validates our purpose as we move towards greater use of sustainable energy sources and responsible development,” Yu added.
SNAP Group is a joint venture between SN Power and AboitizPower. It owns and operates the Magat hydro that has a nameplate capacity of 360 MW with maximum output of 380 MW, and is located on the border of Isabela and Ifugao. SNAP also owns and operates the 105-MW Ambuklao hydro and the 140-MW Binga hydro in the province of Benguet.