STEAG State Power Inc.
Established in 1995, STEAG State Power Inc. (SPI), is a special-purpose company created to own, finance, construct, operate and maintain the first coal-fired power plant in island of Mindanao. STEAG State Power Inc. (SPI) is a leader in advanced coal power generation technology. 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. ●