Sarangani coal plant boosts Alsons’ 2016 profit

ALSONS Consolidated Resources, Inc.’s net income attributable to equity holders of the parent company climbed by 69% to P317 million in 2016, driven by operations of its power plant in Maasim, Sarangani province. In a disclosure to the stock exchange on Thursday, Alsons said consolidated revenues last year rose by 42% to P7.07 billion from…

Alsons Power keen on IPO

The power unit of Alsons Consolidated Resources Inc. is contemplating on listing its stocks on the local bourse as soon as all its new power plants start running, a company official said. It is a likely scenario that Alsons Power Group would hold an initial public offering (IPO) in the medium term, Alsons corporate planning…

AboitizPower sees oversupply in Mindanao

ABOITIZ Power Corp. has joined the chorus of generation companies that expect an oversupply of electricity in Mindanao starting this year and possibly extending into the next five years as new power plants come on-stream on the southern island. “The oversupply in Mindanao is actually serious, it’s huge. Mindanao has a peak requirement of about…

Dominguez resigns directorship of Alsons

Former agriculture secretary Carlos Dominguez has resigned from his post as director of Alsons Consolidated Resources Inc. (ACR) of the Alcantara Group to serve as the finance secretary in the incoming administration. Read more here.

Toyota Tsusho seeks increased stake in Sarangani

TOYOTA Tsusho Corp. wants to increase its stake in Sarangani Energy Corp. (SEC), a unit of Alsons Consolidated Resources Inc. (ACR), the publicly listed company of the Alcantara group.  It currently holds a 25-percent stake in SEC, operator of the 210-megawatt (MW) coal plant in Maasim, Sarangani.  Read more here.

Alsons to start building 3 plants in Mindanao this year

Alsons Consolidated Resources Inc. (ACR), a publicly-listed power holding company of the Alcantara Group, is aiming to start the construction this year of three major power plants in Mindanao; i.e., the second 105-megawatt (MW) section of the 210-MW Sarangani Energy Corp. (SEC) coal-fired power plant in Maasim, Sarangani; the 15-MW Siguil River run-of-river hydroelectric plant…