by Alena Mae S. Flores – December 30, 2015 at 11:05 pm
from Manila Standard
Listed Alsons Consolidated Resources Inc., which is owned by the Alcantara Group, plans to start construction of the 15-megawatt Siguil hydro power plant in Mindanao by the third quarter next year.
Alsons executive vice president Tirso Santillan Jr. said the construction timeline for the hydro project located along the Siguil River in Maasim, Sarangani would depend on certain factors.
“That depends on certain milestones to be achieved like the successful EPC [engineering, procurement and construction] bid and financial close,” he said.
The start of construction of the hydro project will herald Alsons’ entry into the renewable energy sector. The company also plans to put up solar power projects to diversify its portfolio.
Alsons is developing coal-fired plants to help provide a stable source of baseload power to Mindanao and ensure long-term supply in the island.
The facilities are the 105-MW San Ramon Power Inc. plant in Zamboanga City and the 210-MW Sarangani Energy Corp. station in Maasim, Sarangani.
The first 105 MW section of the Sarangani Energy plant is now in the advanced stages of testing and commissioning, and will begin commercial operations in the first quarter of 2016 with an initial capacity of 105 MW.
The Sarangani plant is expected to be operating at its full 210-MW capacity in 2018.
The San Ramon coal fired power facility in Zamboanga City, meanwhile, is expected to begin construction in 2016 and is slated to operate by 2019.
Alsons said its-affiliated power facilities are expected to have a total generating capacity of 588 MW by 2019.
The capacity will fulfill more than 25 percent of Mindanao’s projected peak demand for that year.
Alsons operates the 103-megawatt Mapalad Power in Iligan City, the 100-MW Western Mindanao Power in Zamboanga City and the 55-MW Southern Philippines Power in Alabel, Sarangani province. All three Alsons diesel plants have significantly contributed to alleviating the power shortage in Mindanao.
The Alcantara Group, through its other subsidiaries, is also engaged in aquaculture and agribusiness, property development and services.