Alsons scales up renewable energy portfolio
Photo from Alsons Consolidated Resources Inc/WEBSITE
MANILA, Philippines — Alsons Power Group of the Alcantara Group is expanding its renewable energy portfolio this year with various nonconventional power plants in the pipeline.
The power unit of Alsons Consolidated Resources Inc. said construction of the 37.8-megawatt (MW) Sindangan-Zambo River Power Plant in Zamboanga del Norte and the 53-MW Bago Hydro Power Plant in Negros Occidental was scheduled in 2025.
The firm also plans to launch its first-scale solar power plant in the first semester of this year.
READ: Mindanao power demand boosts Alsons’ 2023 income
“We are rapidly advancing our solar power initiatives and remain committed to strengthening our project pipeline,” Alsons Power CEO Miguel Alcantara said.
Located in Ubay town, Phase 1 of the 95.2-MW Bohol In-Island Diesel Power Station is nearing completion.
This power plant, which represented Alsons Power’s “strategic expansion” outside Mindanao, is designed to provide a reliable backup power source in the province and ensure continuous supply during times when the province is isolated from the Visayas grid due to calamities or natural disasters.
“This project will capitalize on opportunities in the Wholesale Electricity Spot Market and Ancillary Reserve market over the next three to five years, until additional plants are developed to address demand-supply gaps in the region,” Alcantara said.
Alsons Power also said it has maximized its involvement in the WESM, the centralized venue for buying and selling electricity as a commodity and reserve markets.
According to the company, the reactivation of Unit 1 of Mapalad Power Corp.’s diesel power plant in Iligan City would enable them to further tap into the ancillary reserve market.
“The Western Mindanao Power Corporation in Zamboanga City continues to be a critical asset in stabilizing the region’s power supply, enhancing Alsons Power’s role in the region’s energy infrastructure,” it said.
Alsons already completed building the 14.5-MW Siguil Hydro Power Plant in Maasim town in Sarangani.
Meanwhile, its retail electricity supply unit has secured deals with clients such as Holcim Philippines and Metro Retail Stores Group, Inc. covering 43 MW of supply.
Alcantara said Alsons Power is keen on strengthening its market presence by increasing its market share in the retail competition and open access scheme, which allows consumers with large demand to choose their retail supplier of electricity.
