STEAG State Power Inc awarded best in Corporate Social Responsibility

December 22, 2019


steag awarded best in corporate social responsibility



CAGAYAN DE ORO CITY - STEAG State Power Inc (SPI), a world-class energy company, is one of the three awardees for "Best In Corporate Social Responsibility (CSR)", during the recently concluded 8th Mindanao Business Leaders and Entrepreneurs Awards, consistently organized by Mindanao Daily News Corporation, purposely to recognize companies, entities and leaders' outstanding performance which contributed to greater develoment in Mindanao.

Two other awardees were Cagayan de Oro Light and Power Company (Cepalco) and SM Cagayan de Oro.

The recent awarding ceremonies was held at Limketkai Luxe Hotel on December 13, 2019, the biggest and the tallest hotel in Southern Philippines, which is based in Cagayan de Oro City. It was well-attended by dignitaries and awardees all over Mindanao, including Martin Andanar, one of President Duterte's cabinet members. Andanar is now President Duterte's Communications Secretary.

SPI bagged the award as "Best in Corporate Social Responsiblity" (CSR) because of its tremendous implementation of worthwhile projects which help many people in Villanueva, Misamis Oriental, as well as in other aspects of corporate social responsibility (CSR) mandated to big companies operating in the country.

In its social media page, Steag thanked MDN for citing as among the companies with the Best in CSR programs."

"Thank you Dante M Sudaria and the BusinessWeek Mindanao Team. More power!

SPI is cited for its excellent CSR programs "which afforded economic, social, and environmental benefits to its stakeholders, clientele, and consumers".

The award further notes that SPI's "environmental and social philanthropy and volunteering efforts for the community helped forge a stronger bond between workers and consumers and the community as a whole".

BusinessWeek Mindanao Publisher Dante Sudaria, together with Cooperative Development Authority (CDA) Chairperson Orlando Ravanera and PCOO Secretary and Cabinet Officer for Regional Development (CORD) Region 10 Martin Andanar presented the award to Jerome Soldevilla in behalf of SPI.

SPI’s commitment to help bring about the development of its host communities is expressed through its various Corporate Social Responsibility (CSR) programs, focusing on the following areas of concerns:

1. Improving Education through the Social Empowerment through Education (SEEd) Program
2. Improving Income through the Livelihood and Economic Enterprise Development (LEED) Program
3. Improving Health through the Water, Sanitation and Health (WaSH) Program
4. Improving Governance through the Enhancing Governance in Local Development (EGoLD) Program
5. Improving Access to Electricity through the Fostering Rural Electrification and Energization (FREE) Program
6. Improving Quality of the Environment through the Environmental Conservation (ECo) Program
7. Inspiring people to excel through a continuing Information, Education and Communications (IEC) Program

About SPI
STEAG State Power Inc. (SPI) is a world-class energy company and a leader in advance coal-fired power generation technology. It was organized to own, finance, build, operate and maintain the first coal thermal power plant in Mindanao.

The power plant is located at the PHIVIDEC Industrial Estate in Villanueva, Misamis Oriental and has a capacity of 232 MW. It started commercial operations in November 2006 and since then, it has been reliably providing additional electric power needed to sustain the island’s economic growth and progress.

SPI is majority owned by Steag GmbH which is one of the largest producers of electric power in Germany. With 80 years of extensive experience, Steag GmbH is a pioneer in highly efficient and reliable power plant operations in Germany. The other SPI shareholders include two leading Filipino companies --- Aboitiz Power Corporation (AP) and La Filipina Uygongco Corporation.

With solid technical know-how and expertise plus a workforce complement of about 200 dedicated and competent personnel, SPI fulfills its mandate of helping provide solutions to the growing energy needs of the country and lives up to its vision of becoming a trusted partner for progress and development. Through the years, it has established a reputation as a highly efficient, reliable and responsible electric power producer in Mindanao. 

How SPI delivers energy to our homes?



Presentors of the recently concluded 8th Mindanao Business Leaders and Entrepreneurs Awards include Veterans Bank, Ayala, BPI BanKo, Cooperative Development Authority, provincial government of Misamis Oriental, CORDS 10 and PCOO, Limketkai Luxe Hotel, Pepsi, Washington, Angela Soriano Fashion Design Studio, SELRAHCO PR, Dessert Boss, Pie Square Photo Booth, AVPro and Marzel Digital Studio.

If you wish to read more about SPI's CSR, please visit here



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