Alsons Consolidated Resources, Inc. (ACR), the publicly listed company of the enterprise Alcantara Group, remains focused on expanding its power portfolio to help meet the rising power demand across Mindanao and throughout the country. ACR believes that stable, reliable, and affordable power is essential in driving economic growth and supporting national development.
According to the National Grid Corporation of the Philippines (NGCP), power demand in Mindanao is projected to increase by 12.34% compared to last year’s actual demand, reflecting the region’s expanding economy and increasing industrial activity. With this, demand for electricity across the island is expected to rise significantly in the coming years, underscoring the need for reliable and sufficient power supply to support industries, businesses, and communities.
In 2025, electricity demand across the country continued to rise, with Mindanao peak demand reaching over 2,600 MW, while nationwide peak demand across Luzon, Visayas, and Mindanao exceeded 19,000 MW. Citing data from the Philippine Statistics Authority, ACR noted that Mindanao recorded a 4.69% growth rate in 2025, surpassing the national average of 4.4%. Five of Mindanao’s six regions also ranked among the country’s Top 10 fastest-growing regional economies.
“As the economy grows, demand for reliable and sufficient power will continue to rise. Electricity remains essential in supporting industries, businesses, infrastructure, and communities, while also helping attract investments,” said Antonio Miguel B. Alcantara, Chief Executive Officer (CEO) of the Alsons Power Group.
ACR said it continues to strengthen its operations and invest in renewable technologies, particularly in solar and hydro power projects, to help support the growing energy requirements of Mindanao and beyond.
“We have been actively advancing our renewable energy development program, conducting feasibility and interconnection studies for solar and integrated energy storage projects across General Santos City, Sarangani Province, and other locations in Mindanao and the Visayas,” said Nicasio I. Alcantara, ACR Chairman.
Among its major initiatives are the development of the 75 MWac Bawing Solar Power Plant in General Santos City and the 98.7 MWac SPPC Solar facility in Sarangani, which involves the transition of a former diesel-fired power plant into a renewable energy facility.
“While our operational and community initiatives continue to create meaningful value today, we are also positioning the Company for long-term growth by accelerating the development of renewable energy projects and emerging energy technologies,” said Antonio Miguel B. Alcantara, CEO of the Alsons Power Group.
ACR is advancing studies on a hybrid technology and battery energy storage system (BESS) for its conventional power plants in Zamboanga and in Iligan to further enhance operational capability, flexibility, and competitiveness across both the energy and reserve markets.
Pursuant to its renewable energy strategies, the SPPC Solar facility is considered among the first conventional power plants to transition into a solar power facility in the Philippines. The project’s first phase, which consists of 45 MWac, is among the winning projects under the Green Energy Auction Program Round 4 (GEAP-4), securing offtake and reinforcing its long-term viability.
Aside from solar power facilities, ACR also has hydropower projects under its asset portfolio. In 2024, the Company commenced the operations of its first hydropower project, the 14.5-MW Siguil Hydro Power Plant in Sarangani. The company also continues to expand its participation in the Wholesale Electricity Spot Market (WESM), ancillary services, and Retail Electricity Supply (RES) business as it positions itself for long-term growth amid rising power demand.
