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Alsons Consolidated Resources, Inc.
...kuripot na stock so far siya Smile

Alsons wants to play ‘major role’ in Mindanao growth

ALSONS Consolidated Resources, Inc. (ACR) expects to play a “major role” in fueling the economic growth of Mindanao, which it said received a big boost with the signing of the $380-million loan from the Asian Development Bank (ADB) to fund infrastructure projects.

“A critical component to sustain economic progress is the availability of a stable, reliable and affordable supply of energy to meet the growing demands of development,” said Tomas I. Alcantara, chairman and president of ACR, in a statement.

“As a significant power provider in the Zamboanga Peninsula and Mindanao, we know that we have a major role to play in fueling the economic growth in the region by investing in the energy sector and building power plants,” added Mr. Alcantara, who also chairs the Philippines’ Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC).

The ADB loan will finance 11 big-ticket infrastructure projects to improve road networks in Western Mindanao, particularly in the Zamboanga Peninsula, ACR said.

It said the package would bankroll the construction of around 280 kilometers of national, primary, secondary and tertiary roads and bridges in the peninsula and Tawi-Tawi, to be implemented from 2018 to 2023.

Mr. Alcantara said the roll out of infrastructure projects would help maximize the growth potential and hasten the economic development not only of the Zamboanga but the entire Mindanao.

He said the Zamboanga Peninsula would be the contact point of the southern main island in the planned interconnection of the Mindanao and Visayas power grids.

“By the time of completion of the (National Grid Corporation of the Philippines’ prospective Visayas-Mindanao) interconnection project, we will have two operating power plants strategically located in the Zamboanga Peninsula ready to provide power to the Visayas as well,” he added.

The Alcantara power group supplies electricity to the Zamboanga City, the peninsula’s largest population center, through its 100-megawatt (MW) diesel plant of its unit of Western Mindanao Power Corp.

The group operates three other power facilities in Mindanao, namely: the 103-MW Mapalad Power Corp. diesel plant in Iligan City; the 55-MW Southern Philippines Power Corp. diesel facility in Alabel, Sarangani; and the first 105-MW section of the 210-MW Sarangani Energy Corp. baseload coal-fired power plant in Maasim, Sarangani.

Sarangani Energy’s second 105-MW section is in the advanced stages of construction and is on-track to start its commercial run in 2019.

The Alsons power group plans to start this year the construction of the 105-MW San Ramon Power, Inc. (SRPI) baseload coal-fired power plant in Talisayan, Zamboanga City. The plant is the biggest power project in the Zamboanga Peninsula and is expected to start operating in 2021.

Mr. Alcantara said the company has begun preliminary work on a 15-megawatt run-of-river hydropower project at the Siguil River basin in Maasim, Sarangani. The project’s commercial operation is expected in 2020. 

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