MAASIM, Sarangani Province (22 November 2019) The Alsons Power Group, the first private sector power generator in Mindanao, marked key milestones for two contrasting power projects in Sarangani Province.
President Rodrigo Duterte presided over ceremonies inaugurating the second unit of Alsons Power’s 210– megawatt Sarangani Energy Corporation (SEC) baseload coal-fired power plant and launching the construction of the Group’s 14.5 -megawatt Siguil River hydroelectric power plant. Both projects are located in the municipality of Maasim.
The SEC baseload plant began operating its first unit in 2016 and commenced commercial operations for its second unit in October of this year. The plant now delivers power to over six million people in 10 provinces and 12 key cities in Mindanao including Cagayan de Oro, General Santos, Iligan, Butuan, Digos, Dipolog, and Pagadian. The US$570 Million SEC plant – the single largest power investment in Sarangani Province and the entire Region 12, is majority owned by Alsons Thermal Energy Corporation (ATEC) – a partnership between the Alcantara Group’s Alsons Consolidated Resources, Inc. (ACR) and Global Business Power Corporation (GBP). SEC’s other shareholder is Japan’s Toyota Tsusho Corporation (TTC).
The ₱4.5 billion Siguil Hydro plant, Alsons Power’s initial entry into renewable energy, is expected to begin commercial operations in 2022 and will provide power to Sarangani Province, General Santos City and key municipalities of South Cotabato. Siguil Hydro will be the first of eight run-of-river hydro power facilities that the group plans to develop in Zamboanga del Norte, other areas in Mindanao, and Negros Occidental in Western Visayas.
In his opening remarks at the event, Alsons Consolidated Resources, Inc. Chairman and President Tomas I. Alcantara declared,” …the milestones we celebrate this afternoon are in line with our President’s vision of a Mindanao that enjoys the benefits of power security and the preservation of the environment by employing both traditional thermal baseload power and renewable energy.” Mr. Alcantara went on to say, “The two power projects that we are showcasing this afternoon represent our own modest contribution in support of the President’s commitment to provide the needed infrastructure for the economic growth and sustainable development of Mindanao and the rest the country.”
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 megawatts.
