SPI is majority owned by Steag GmbH which holds 51% of SPI’s capital shares.
STEAG GmbH has been active in power generation for more than 70 years and offers its customers integrated solutions in the field of electricity and heat production as well as power plant related (engineering) services. Its core competencies include planning, implementation and operation of highly efficient power plants based on fossil fuels and renewables, and marketing of electricity from our power plant assets. In 2010, STEAG’s approximately 5,000 employees generated sales of EUR 2.8 billion and an EBITDA of EUR 437 million.
As the fifth biggest electricity producer in Germany we operate eleven power plants, and more than 200 distributed facilities to generate power from renewable energy sources and supply energy on a contracting basis. Internationally, Steag has three power plants in Colombia, Turkey and the Philippines. The total installed capacity is around 9,400 megawatts (MW) worldwide, including around 7,700 MW in Germany.
STEAG GmbH is a pioneer of highly efficient generation technology for hard coal that reduces pressure on natural resources. The company ranks among the German market leaders in the generation of electricity and heat from mine gas and biomass, and is one of the market leader in the development of district heating projects based on geothermal energy.
STEAG is the European expertise leader in the recycling of residues from hard coal fired power plants. Our engineers plan, construct and operate power plants all over the world. For this purpose we have subsidiaries in India, Brazil and the USA which are also active in this field. We are experts in the modernization of existing plants and in customized energy supply solutions which go easy on the environment and at the same time are economical. Internationally, we develop wind projects and solar thermal projects.
Aboitiz Power Corporation (AP)
AboitizPower (AP) owns 34% of SPI’s shareholding. AP is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It has several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao.
AboitizPower envisions to harness the array of renewable energy sources in the country that leave a lighter impact on the environment, and deliver electricity to consumers. With this in mind, Cleanergy is the AboitizPower brand that will be at the forefront to bring that vision into reality, leveraging on our expertise, especially in harnessing hydroelectric energy.
AboitizPower is also driven to explore new and sustainable sources, invest 0n its care and improve ways to make them within the reach of every Filipino for generations to come. As stakeholders, we are thinking of ways to optimize a better return for every resource spent. Our controlling shareholder, Aboitiz Equity Ventures, Inc. (AEV), is a diversified conglomerate also listed with the Philippine Stock Exchange (PSE symbol: AEV) with interests in power generation and distribution, financial services and food manufacturing. This allows AboitizPower to draw on AEV’s extensive business networks, local business knowledge, relationships and expertise.
La Filipina Uygongco Corporation
La Filipina Uy Gongco was founded in 1901 by Mr. Uy Yan Gong (Julian Uygongco) in Panay and Negros islands where it grew into a diversified business engaged in the trading of feeds ingredients, fertilizers, sugar, vegetable oils, grains and wheat flour.
It presently owns and operates a sugar mill, flour mills, animal feeds mills, livestock farms, cargo ships, hotels, housing projects, a shopping mall, and a bank.
The company’s success is attributed to its policy of high integrity, reliability as a provider of quality products and services to customers, equal opportunity employer, responsible corporate citizenship, and trust worthy relationship with stockholders. The company takes pride in its people. The strong team composed of a group of able executives and staff who assist the president in the planning and operation of the group of companies.
La Filipina Uy Gongco holds 15% of SPI’s issued capital shares.