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The Magat Hydroelectric Power Plant is one of the largest hydro facilities in Luzon, with a maximum output of 380 megawatts (MW). It draws water from the Magat river through the multi-purpose Magat dam.

The national government began construction of the plant in February 1980 and it was commissioned in December 1983. Under the Electric Power Industry Reform Act, the power facility was subject to privatization in 2006. Following a successful bid of US$530 million,, SNAP took over operations on April 26, 2007. Only the power components were privatized; the Magat dam and its re-regulating facilities downstream are owned and maintained by the National Irrigation Administration (NIA).

Magat hydro has integrated three management systems: it is certified in Occupational Safety and Health Management System (OHSAS 18001), Environmental Management System (ISO 14001) and Quality Management system (ISO 9001).