Alsons Consolidated Resources Inc. of the Alcantaras is planning to tap strategic equity partners that will help fund its planned $900-million (or roughly P36.9 billion) coal-fed power plant at the Tampakan copper-gold mine site in South Cotabato.
The Alcantara-led Alsons Consolidated Resources Inc. is considering Japan’s Toyota Tsusho Corp., the trading company of the Toyota Group, as a possible equity partner for its planned $311-million coal-fired power plant in Zamboanga City.
Alsons Consolidated Resources Inc. of the Alcantara family is set to tap new loan facilities to help raise funds for roughly P14 billion worth of power projects in Mindanao.
The power supply situation in Mindanao during the summer of 2013 remains highly critical and may possibly mirror the 10-hour power outages experienced in 2010, unless the government is able to successfully pull off all the measures needed to plug the shortfall.
Alsons Consolidated Resources Inc. (ACR), the listed holding company of the Alcantara Group—reported a 7-percent increase in its first-quarter revenue to P727.5 million from P672.8 million a year ago.
Alcantara-led Alsons Consolidated Resources Inc. posted a 20-percent increase in its net income to P455 million in 2011 from P378 million a year before.
Listed firm Alsons Consolidated Resources Inc. (ACR) posted a 58-percent hike in net income to P402.4 million in the first nine months, from P254.2 million in the same period last year.
The Alcantara Group expects its aquaculture business to post more than P1 billion in sales this year. “That’s about 17 percent higher from last year,” Alsons Consolidated Resources Inc. president and chairman Tomas I. Alcantara told reporters. The main growth drivers are exports to the United States and Canada, Alcantara said. Exports account for about [...]
