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Alsons allocates Php6.5B for 4 new projects on January 25, 2021 at 4:51 pm
Alcantara-led Alsons Consolidated Resources (ACR) is earmarking Php6.54 billion pesos for the construction of four power generation projects.
In a disclosure to the Philippine Stock Exchange, ACR confirmed an earlier report saying that the amount would be used to finance the prospective 105-megawatt (MW) San Ramon Power, Inc. baseload thermal plant in Zamboanga City and three hydroelectric power plants.
The planned hydro plants, according to ACR EVP and COO Tirso Santillan, Jr., are the 14.6MW Siguil project in Sarangani, the 22MW Siayan (Sindangan) project in Zamboanga Del Norte, and the 42MW Bago Hydro plant in Negros Occidental.
BusinessWorld
January 25, 2021 | 12:04 am
Angelica Y. Yang
ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) has earmarked around P6.54 billion as capital expenditures (capex) for four projects under development, including three hydro plants, the listed firm said over the weekend.
ACR, which claims to be the first private sector power generator in Mindanao, has an aggregate installed capacity of 468 megawatts (MW).
“Capex in 2021 specifically allotted to projects under development is around P6.54 billion. This would cover the prospective (105-MW) San Ramon Power, Inc. (SRPI) baseload thermal plant in Zamboanga City and three of our prospective hydroelectric power plants,” ACR Executive Vice President and Chief Operating Officer Tirso G. Santillan, Jr. was quoted as saying via e-mail.