Alsons to Develop More Hydro Plants
The Alsons Power Group has embarked on its initial foray into the renewable energy sphere with the recent commencement of construction for a 14.5 -megawatt (MW) run- of- river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani Province. The ₱4.5 billion Siguil Hydro power plant is expected to begin operations in 2022 to provide power to the rapidly developing Sarangani/South Cotabato/General Santos City region.
Alsons Power which is Mindanao’s first and most experienced private sector power generator, plans to develop at least seven more run of river hydro power facilities in different parts of Mindanao and Negros Occidental. 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.
Once completed and operational these hydro power plants will constitute the bulk of the company’s power facilities. “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,” declared Alsons Consolidated Resources, Inc. Chairman and President Tomas I. Alcantara at a recent event marking the start of construction for the Siguil Hydro plant.
Aside from the hydro plants another project in Alsons Power’s pipeline is the 105-MW San Ramon Power, Inc. (SRPI) baseload coal-fired power plant in Zamboanga City, which is slated to begin operations in 2023. SRPI will soon select the plant’s engineering procurement and construction contractor. Alsons Power 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.