STEAG State Power Inc. (SPI) is 51% owned by the German company Steag GmbH. For more than 80 years now, STEAG GmbH has been synonymous with safe and efficient power generation, both within Germany and elsewhere in the world.
Steag draws on its extensive experience to support its customers in every aspect of the power generation process. It plans, develops, builds, operates and markets highly-efficiency power plants and their by-products.
AboitizPower (AP), which has a 34% stake in STEAG State Power Inc., is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail, and power services.
AP 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. AP envisions to harness the vast array of renewable energy sources in the country that leave a lighter impact on the environment.
La Filipina Uy Gongco Corporation is one of the leading companies in the country with interest in agribusiness, livestock and food industry and is committed to providing world-class products throughout the Philippines and Southeast Asia.
With more than 100 years of experience, La Filipina Uygongco has evolved into a local market leader in flour, fertilizer and animal feeds. Its nationwide agricultural estates include hog and sugar cane farms; flour, sugar and corn mills; realty, shopping mall and hotel operations. From raw agricultural produce, it has expanded to meat processing, pasta manufacturing, and logistics operations.
MisOr town achieves 100% sitio-level electrification
The town of Villanueva in Misamis Oriental has finally achieved a 100% sitio-level rural electrification following the recent completion of the SPI-funded PHP 1.8 million electrification project in the remote barangay of Kimaya.