SN Aboitiz Power - Benguet, Inc. ("SNAP-Benguet")

JV between Aboitiz Power Corp. and SN Power Invest AS of Norway

The JV submitted the highest bid of $325 million for the sale of the 75 megawatt (MW) Ambuklao and 100 megawatt (MW) Binga hydroelectric power plants in November 2007

Plants were turned over in July 2008