by Alena Mae S. Flores – April 08, 2016 at 11:10 pm
from Manila Standard Today
GENERAL SANTOS CITY—Alsons Consolidated Resources Inc. of the Alcantara Group is on track to start construction of the 15-megawatt Siguil hydro project in Maasim, Sarangani within the year.
Alsons executive vice president Tirso Santillan Jr. told reporters the hydro project was on the bidding stage.
“We’re looking for the contractor. That’s three packages for Siguil—works, electromechanical and transmission. It can be different contractors, it can be one contractor for all,” Santillan said.
The official said the auction process encountered a slight delay as the bidders asked for more time to comply with the requirements.
“Our plan is by the end of second quarter or beginning of third quarter, we firm up the winning bidder and there will be contract signing. We will then issue the notice to proceed,” he said.
The project, estimated to cost $50 million, will take 30 months to construct.