Alsons power generation on track

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Alsons Consolidated Resources Inc. (ACR), the publicly listed company of the Alcantara Group, reported it is on track to expand its power generation business in Mindanao by 2018. ACR Chief Financial Officer Luis Ymson Jr. said tge first 105 megawatt (MW) section of ACR’s 210 MW Sarangani Energy Corp. (SEC) coal-fired power plant in Maasim in Sarangani province will be finished next year. The first section of the SEC plant is already 89 percent complete and will begin SEC’s 210 MW plant is one of the first new baseload power plants that will be operating by 2015 to help provide a sustainable and lasting solution to the four-year-old Mindanao power shortage.

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