Alsons Consolidated Resources, Inc. (ACR) is scaling up renewable energy investments in Sarangani and Zamboanga while maintaining stable output from its baseload and backup plants—reinforcing its commitment to energy security and the Philippines’ transition to cleaner power.
During its Annual Stockholders’ Meeting on May 29, 2025, ACR emphasized a balanced approach to meeting rising energy demand, especially in underserved regions like Mindanao. The company’s 428 MW portfolio includes a mix of coal, diesel, and renewables, aligned with national goals to ensure reliable electricity while reducing carbon emissions.
Chairman Nicasio I. Alcantara said ACR remains committed to delivering safe, affordable, and dependable power, particularly in regions that face persistent supply challenges. He noted that legacy assets continue to play a vital role in grid reliability, even as the company accelerates its clean energy pipeline.
At the center of ACR’s baseload operations is the 210 MW Sarangani Energy Corporation (SEC) coal plant, which utilizes circulating fluidized bed (CFB) technology to reduce emissions. ACR also operates diesel power facilities in Zamboanga and Iligan, which provide ancillary services and emergency backup through Western Mindanao Power Corporation and Mapalad Power Corporation. A third diesel plant in Ubay, Bohol is nearing completion and will help stabilize power in the island province.
In parallel, ACR is growing its renewable energy footprint. The 14.5 MW Siguil Hydro Power Plant in Sarangani, which began commercial operations in 2024, now functions as a must-run unit in the Wholesale Electricity Spot Market (WESM). Additional projects are in development, including hydroelectric facilities in Negros Occidental and Zamboanga del Norte, and solar installations in General Santos and Sarangani Province.
“These projects demonstrate our long-term commitment to sustainability,” Alcantara said. “As we continue to serve immediate energy needs, we are also preparing for a future anchored in clean, flexible, and resilient power.”
ACR’s community development programs were also highlighted during the meeting. In 2024, the company supported over 300 scholars across Sarangani, Zamboanga, and Iligan, and expanded early childhood learning programs focused on literacy and numeracy. Its Watershed Enhancement Program planted more than 60,000 trees, achieving a 96% survival rate, and helped train 17 indigenous farmers in sustainable coffee cultivation—yielding 750 kilograms of coffee cherries and new income opportunities.
Financially, ACR reported PHP 12.5 billion in consolidated revenues for 2024, up slightly from PHP 12.4 billion in 2023. Net income rose to PHP 2.5 billion, from PHP 2.3 billion the previous year, reflecting stable performance across its energy operations.
While ACR remains cautious about market and regulatory shifts, Alcantara closed the meeting with a reaffirmation of the company’s core direction: “Our commitment to energy security, environmental sustainability, and community development ensures that we are not just meeting the energy needs of today—we are actively shaping a more resilient and inclusive future.”
Follow Power Philippines on Facebook and LinkedIn or join our Viber community for more updates.
There are no comments
Add yours