Top Three Investors

SN | Aboitiz Power Group (SNAP) is a joint venture between SN Power of Norway and Aboitiz Group of the Philippines. Through its wholly owned subsidiary SNAP-Magat Inc., it owns and operates the 360-megawatt Magat hydroelectric power plant (HEPP) in Ramon, Isabela. The Magat HEPP was a state-owned facility operated by the National Power Corporation until its privatization in 2006, when SNAP-Magat won the bid conducted by the Philippine government for the amount of US$ 530 million. Since then, it has received recognition for its safety, quality management and corporate social responsibility programs.


Green Future Innovations Inc. (GFII) is a joint venture between Japan’s Itochu Corporation, Taiwanese holding company GCO, JGC Philippines, and Philippine Bioethanol and Energy Investments Corporation, the latter owned by the Bantug-Palanca family of Negros Occidental and the Uy family of Isabela. GFII aims to contribute to the domestic supply of renewable energy through 54-million liter ethanol plant in San Mariano tha is poised to be fully operational in 2012. The US$ 120 million investment will produce bioethanol from an 11,000 hectare sugarcane plantation around San Mariano’s 30-kilometer radius, and will convert sugarcane residual material or bagasse to electricity in tis 19-megawatt power plant, projecting a 13-megawatt contribution to the Luzon grid in the future.


Mindanao Grains Processing Company Inc. is an agribusiness venture based in the Mindanao province of Bukidnon and owned by the La Filipina Uy Gongco Corporation of Iloilo City in the Visayas region. Mindanao Grains has expanded its operations to Luzon by opening its P500 million Reina Mercedes Corn Processing Center, the largest post-harvest facility for the corn industry. It was inaugurated by Philippine President Benigno Aquino III in October 2010 and is a testament to the company’s commitment to assist Isabela’s corn farmers in production efficiency so as to ensure food security in the country.