Alsons Consolidated Resources (ACR) has listed Php 1.6 billion from the initial tranche of its Php 3 billion Commercial Paper (CP) Program with the Philippine Dealing and Exchange Corporation (PDEx).
The CP program is expected to provide ACR with cost-effective funding to support its working capital needs and sustain its business growth.
“This Commercial Paper program provides us with an efficient and cost-effective way to support our working capital requirements, enabling us to fulfill our mission of unlocking potential and empowering progress in Mindanao and beyond,” said ACR Deputy Chief Financial Officer Philip Edward B. Sagun.
The company’s renewable energy projects have seen significant progress, demonstrating its focus on sustainable power solutions. In 2024, ACR completed and launched commercial operations for the 14.5-megawatt (MW) Siguil Hydro Power Plant in Maasim, Sarangani.
Other renewable energy ventures are underway, including the planned 37.8-MW Sindangan-Zambo River Power Plant and the 53-MW Bago Hydro Power Plant slated for construction in 2025.
Beyond Mindanao, ACR is also developing its first major energy project outside the region: the 95.2-MW Bohol In-Island Diesel Power Station in Ubay. Sagun highlighted that the plant would serve as a critical backup power source for Bohol residents, particularly during natural disasters that disrupt the Visayas grid connection.
In addition to renewable energy, ACR’s Retail Electricity Supply (RES) unit has steadily expanded its market presence. Since its launch, the unit has secured power supply agreements totaling 43 MW with major partners such as Holcim Philippines and Metro Retail Stores Group, Inc.
As ACR continues its efforts in renewable energy development and strategic expansion, the company affirms its role in addressing the country’s evolving energy needs.
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