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.
Tomas I. Alcantara (Photo credit: https://www.acr.com.ph)
Taking his place is his older brother, Nicasio I. Alcantara, who will be pursuing the company’s aggressive expansion projects in the power sector, primarily renewable energy as the next focus of its investments trajectory.
ACR announced that Tomas Alcantara, known to their employees and executives as “TIA”, will remain as board director in the company. No particular details were given on his current state of health, which prompted his decision to finally pass the baton to another family member in leading their corporation.
Nicasio I. Alcantara (Photo credit: https://acrmc.com.ph/)
February 19, 2021 | 12:05 am Font Size
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ALSONS Consolidated Resources, Inc. (ACR) on Thursday has named a new president and chairman to lead the firm starting March.
In a disclosure to the local bourse, ACR said that Nicasio I. Alcantara would be the next president and chairman of the company, which was helmed by Tomas I. Alcantara.
It said Tomas Alcantara decided to retire for health reasons, but would remain a director of the company. His retirement would take effect on March 1, the firm said.
Nicasio Alcantara previously led ACR as its chairman and president from 1995 to 2001. From 2001 to 2009, he was the chairman and chief executive officer of Petron Corp. At present, he is the chairman of ACR Mining Corp. and an independent director of Phoenix Petroleum Philippines, Inc.
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.