The Alsons Power Group has vowed to continue constructing power plants in the Mindanao region to give off the much-needed power supply with the upcoming major road network improvements there.
“A critical component to sustain economic progress is the availability of a stable, reliable and affordable supply of energy to meet the growing demands of development. As a significant power provider in the Zamboanga Peninsula and Mindanao, we know that we have a major role to play in fueling the economic growth in the region by investing in the energy sector and building power plants,” Alsons Consolidated Resources Inc. (ACR) chairman and president Tomas Alcantara said.
Alcantara added that the company supports the government’s “Build Build Build” agenda which is looking to improve the lives of the people in Mindanao and the Philippines in general, especially after the government signed a $380 million loan agreement with the Asian Development Bank (ADB).
The “Improving Growth Corridors in Mindanao Road Sector Project” (IGCMRSP) will be financed by the loan. This consists of 11 big-ticket infrastructure projects that will improve road networks in Western Mindanao, particularly in the Zamboanga Peninsula.
The construction includes about 280 kilometers of national, primary, secondary, and tertiary roads and bridges in the Zamboanga Peninsula and Tawi-Tawi which will be implemented from 2018 to 2023.
Alsons Power said that it will be ready with two power generating plants in the Zamboanga Peninsula which is the Mindanao contact point in the planned interconnection of the Mindanao and Visayas power grids.
“The National Grid Corp. of the Philippines’(NGCP) prospective Visayas-Mindanao interconnection project will link the electrical grids of the two island groups with the linking points in Cebu in the Visayas and Dipolog in Mindanao,” Alcantara said.
“By the time of completion of the interconnection project, we will have two operating power plants strategically located in the Zamboanga Peninsula ready to provide power to the Visayas as well,” he added.