MANILA, Philippines - Alcantara-led Alsons Consolidated Resources (ACR) is planning to start construction of two key power projects in Mindanao in 2015.
In a statement, ACR chief financial officer Luis R. Ymson said the company will commence construction of the 105-MW San Ramon Power Inc. coal-fired power plant in Zamboanga City and a 17-MW run-of-river hydroelectric plant at the Siguil River in Maasim, Sarangani province in 2015.
The SRPI coal plant is scheduled to begin operating before the end of 2018, while the Siguil facility will be operational by 2018.
Ymson also said the company is nearing completion of the construction of the first section of the 210-MW Sarangani Energy Corp. (SEC) coal-fired power plant in Maasim. The first section 105-MW section is already 89 percent completed and will begin commissioning by the first half of 2015, and will start operations in October 2015.
ACR expects the SEC plant to be fully commissioned by the fourth quarter of 2016.
ACR also operates the 103-MW Iligan diesel plant, a 100-MW diesel plant in Zamboanga City and a 55-MW diesel plant in Alabel, Sarangani province.
Ymson said the ACR-affiliated power facilities are expected to generate a total of 468-MW by 2016, accounting for more than 25 percent of Mindanao's projected peak demand for the year.
By 2018, the combined capacity of ACR's power plants will be 590-MW, nearly 30 percent of projected peak power demand in Mindanao.