Alsons targets construction of 3 major Mindanao power projects by year-end
Alsons Consolidated Resources, Inc. (ACR), the publicly-listed company of the Alcantara Group, is targeting to commence construction on 3 major power projects in Mindanao before the end of this year. This was announced at the company’s annual stockholders’ meeting on May 27, 2016. The 3 projects are: the 2nd 105 megawatt (MW) section of the 210 MW Sarangani Energy Corporation (SEC) baseload coal-fired power plant in Maasim, Sarangani; the 15 MW Siguil River run-of-river hydroelectric plant also in Maasim, Sarangani; and the 105 MW San Ramon Power, Inc. baseload coal-fired power plant in Talisayan, Zamboanga City.
SEC Section 2 is expected to begin operating in 2018. ACR earlier announced that SEC Section 1 began operating in April 2016 , providing 105 MW of much-needed additional baseload power to more than 3 million residents of Sarangani Province, General Santos City, and other key areas of Mindanao in time to help ensure an ample and steady supply of electricity in those areas for the May 9 elections. When it reaches its full 210-MW capacity in 2018, SEC will be serving over 6 million people in key population areas in Mindanao. The US$ 570 Million SEC power plant is the single largest investment in Sarangani Province and the entire Region 12.
The 15 MW Siguil run-of-river power plant will be ACR’s first renewable energy venture. The hydropower project is expected to be up and running within 2018. Aside from the Siguil project the company plans to develop other run-of-river hydropower projects with a total potential capacity of 185 MW in different places in Mindanao and Negros Occidental.
The 105 MW SRPI plant is projected to begin operating in 2019 to provide baseload power to Zamboanga City and other key areas in Mindanao.
Together with SEC Section 1, ACR currently operates 3 diesel power facilities: the 103 MW Mapalad Power Corporation diesel plant in Iligan City, the 55-MW Southern Philippines Power Corporation facility in Alabel, Sarangani; and the 100-MW power plant of the Western Mindanao Power Corporation in Zamboanga City. All four Alsons power plants have significantly contributed to alleviating the power shortage in Mindanao.
By 2019, ACR-affiliated power facilities will have around 588 MW of generating capacity –approximately 25% of Mindanao’s projected peak power demand for that year.