Alsons Consolidated Resources Inc. (ACR) has started the construction of its first renewable energy project, the company said.
The P4.5-billion, 14.5-megawatt (MW) run-of-river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani Province is expected to begin operations in 2022 to provide power in Sarangani, South Cotabato and General Santos City.
ACR plans to develop at least seven more run-of-river hydro power facilities in different parts of Mindanao and in Negros Occidental and make bulk of their power facilities use renewable energy.
The next two hydro power facilities in the group’s pipeline are the 38 MW Sindangan hydro plant in Zamboanga del Norte and the 42 MW Bago hydro plant in Negros Occidental.
“In the next few years, in terms of the number of power facilities, renewable energy will constitute the largest segment in Alsons Power’s portfolio,” said Tomas Alcantara, ACR chairman and president.
Another project in the company’s pipeline is the 105 MW San Ramon Power Inc. baseload coal-fired power plant in Zamboanga City, which is slated to begin operations in 2023.
ACR currently operates four power facilities in Mindanao with a total generating capacity of 468 MW serving over eight million people in 14 cities and 11 provinces.
