Alsons Consolidated Resources, Inc. (ACR), Mindanao’s first and most experienced independent power producer, reported a 28 percent jump in revenue the first half of 2016 to P3.2 billion from P2.5 billion a year earlier.
In a disclosure to the Philippine Stock Exchange (PSE), the company said the increase was due mainly to the commencement of commercial operations of the first 105 megawatts (MW) section of ACR’s 210 MW Sarangani Energy Corporation (SEC) coal-fired baseload power plant in Maasim, Sarangani Province.
The first section of the SEC plant began operating in April 29 of this year to provide much needed baseload power to over three million people from the provinces of Sarangani, Compostela Valley, Davao del Norte, Agusan del Norte, and Agusan del Sur and the cities of General Santos, Iligan, Butuan, Samal, Tagum, and other major population centers of Mindanao.
Also, ACR is expected to begin construction of the second 105 MW section of the SEC plant later this year and has awarded the engineering, procurement, and construction (EPC) contract to JGC Corporation of Japan and JGC Philippines, Inc. Upon its targeted completion in April of 2019, SEC Section 2 is set to contribute another 105 MW of baseload power to an additional three million residents of South Cotabato, Cagayan de Oro City, and other key areas of Mindanao. At a cost of nearly US$600 Million, the SEC power plant is the single largest investment in Sarangani Province and the entire Region 12.
SEC Section 1 together with ACR’s three diesel plants: the 103 MW Mapalad Power Corporation diesel plant in Iligan City, the 55-MW Southern Philippines Power Corporation (SPPC) facility in Alabel, Sarangani; and the 100-MW power plant of the Western Mindanao Power Corporation (WMPC) in Zamboanga City have all significantly contributed to helping end the power shortage in Mindanao and helped ensure an ample supply of power for the island during last May’s national elections.
ACR is also developing a 15 MW Siguil River run-of-river hydroelectric plant in Maasim, Sarangani; and a 105 MW San Ramon Power, Inc. (SRPI) baseload coal-fired power plant in Talisayan, Zamboanga City. The 15 MW Siguil run-of-river power plant will be ACR’s first renewable energy venture. The hydropower project is expected to open in 2019.
The company plans to develop other hydropower projects with a total potential capacity of 185 MW in different parts of Mindanao and Negros Occidental. The 105 MW SRPI plant is projected to begin operating in late 2019 to provide baseload power to Zamboanga City and other key areas in Mindanao.
ACR-affiliated power facilities are expected to have a total generating capacity of 588 MW by the end of 2019. It can meet more than 25 percent of Mindanao’s projected peak demand in 2019.