BusinessWorld
May 21, 2021 | 12:06 am
ALSONS Consolidated Resources, Inc. is in the process of completing the development phase of two new hydropower plant projects, the company said on Thursday, as it stepped up its entry into renewable energy with an expected capacity of 78.5 megawatts (MW).
The Mindanao power generator will be adding seven more run-of-river hydroelectric power plants to its portfolio after announcing its initial venture into renewables via the 14.5-MW Siguil hydro power plant in Sarangani province.
The next two hydropower plants in Zamboanga del Norte and Negros Occidental “are now in the process of completing the development phase as we expect to be able to update you on their status towards the end of this year,” Alsons Executive Vice-President Tirso G. Santillan, Jr. said at the listed company’s annual stockholders meeting.