STEAG State Power Inc. (SPI) is a leader in advanced coal power generation technology. Its strengths are efficiency, reliability, safety, innovativeness and social responsibility. It was established in 1995 as a special-purpose company created to own, finance, construct, operate and maintain the first coal-fired power plant in island of Mindanao. SPI is majority owned by Steag GmbH which is Germany?s 5th largest electricity producer and a pioneer of highly efficient generation technology using hard coal. With solid technical know-how and expertise plus a workforce complement of about 200 dedicated and competent personnel, SPI fulfils its mandate of providing solutions to the energy needs of the country and lives up to its vision of being a reliable partner to the nation?s quest for progress.
Sector: Oil & Energy