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Alsons maps hydropower expansion, eyes 7 projects


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. ....

Davao City , Davao Del Sur , Mindoro Oriental , Zamboanga City , South Cotabato , Negros Occidental , Zamboanga Del Norte , Tirsog Santillan Jr , Siayan Sindangan , Alexander Benhurm Simon , Jeninap Iba , Azuela Cove , Ayala Land Inc , Alsons Consolidated Resources Inc , Mw San Ramon Power Inc , Mw Sarangani Energy Corp , Executive Vice President Tirso , Ramon Power , Group Chief Finance Officer Alexander Benhur , Siguil River , Ayala Land , தவோ நகரம் , தவோ டெல் சூர் , மைண்டோரோ ஓரியெஂடல் , நீக்ரோஸ் தற்செயலானது , அயலா நில இன்க் ,

Alsons nets P397M in first quarter


Published May 14, 2021, 4:43 PM
Alcantara-led Alsons Consolidated Resources Inc. (ACR) registered increase in its first quarter net earnings to P379 million versus year ago’s P310 million.
The income attributable to the parent firm has also gone up to P93 million compared to a leaner P55 million within the same three-month period in 2020.
On the revenue front, the publicly listed Alcantara firm noted that this was down to P2.16 billion as against P2.21 billion in the same first quarter last year.
The company said its power facilities have been on seamless operations and in providing the energy needs of its customers in Mindanao grid, hence, they have been driving up the stream of cash for the Alsons group. ....

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