Alcantara Group’s power unit, Alsons Energy Development Corp, has applied for an additional 70 megawatts of hydropower in a new location in Mindanao, a senior official said.
Joseph Nocos, Alsons vice president for Power, said the new application was on top of the total 94MW from four different sites in Mindanao.
“Our renewable energy focus is hydro. We have applied for around 70MW more in other locations also in Mindanao,” Nocos told reporters.
Nocos said the company prefer hydro power plant over other renewable energy resources such as solar because hydro is the “most affordable.”
“Between solar and hydro, it is less challenging especially in determining long term sustainability. Hydro has more proven technology and the resources is there,” he said.
Nocos said the company is getting ready for its $45 million Siguil hydropower project in Sarangani.
The Department of Energy (DOE) has awarded Alsons the contract to build 8.7MW Siguil 1, 3.2MW Siguil 2 and 4.8MW Siguil 3 hydropower projects in Maasim, Sarangani.
Based on the result of a feasibility study on the Siguil hydropower project, it could generate at least 15 to 16MW, Nocos said.
“The feasibility study came back with very encouraging results. It’s very feasible for 15-16MW. It shows that we are on the right track. This is quite encouraging for us because we have in the pipeline hydro projects that we are currently working on,” Nocos said.
The company also secured contracts to build the 12MW Kalaong 1, 6MW Kalaong 2 and 4MW Kalaong 3 projects also in Maitum, Sarangani.
In Negros Occidental, the company secured the contract to construct the 4-MW Bago 1 hydro project in San Carlos City and 10MW Bago 2 hydro project in Don Salvador Benedicto.
Nocos earlier said that the company is interested to acquire the Agus and Pulangi hydropower complex, which the government has announced will be privatized.
He said the acquisition of the hydropower facility would bring a well balanced generation mix for Alsons, which is open to explore opportunities with partners for its renewable energy projects.
“We do have existing partners in our power business and we ought to choose if they show keen interest in participating in renewable energy projects,” he said.