MANILA, Philippines — SN Aboitiz Power (SNAP) clarified on Tuesday that it operates the Magat Hydroelectric Power Plant on the border of Isabela and Ifugao and not the government-manned Magat Dam, which is widely blamed for the massive flooding in the province of Cagayan last week.
The firm, a joint venture between Aboitiz Power and SN Power of Norway, issued the statement after social media posts and news stories allegedly identified SNAP as owner or operator of the Magat Dam.
“SNAP does not own, manage, or operate Magat dam and its re-regulating facilities,” SN Aboitiz said.
“It took over Magat hydroelectric power plant in 2007 after a successful privatization bid. Magat Dam…
Keep on reading: SN Aboitiz says it runs Magat hydropower plant, not Magat Dam