Alsons scales up renewable energy portfolio

Alsons Power Group of the Alcantara Group is expanding its renewable energy portfolio this year with various nonconventional power plants in the pipeline.

The power unit of Alsons Consolidated Resources Inc. said construction of the 37.8-megawatt (MW) Sindangan-Zambo River Power Plant in Zamboanga del Norte and the 53-MW Bago Hydro Power Plant in Negros Occidental was scheduled in 2025.

The firm also plans to launch its first-scale solar power plant in the first semester of this year.

“We are rapidly advancing our solar power initiatives and remain committed to strengthening our project pipeline,” Alsons Power CEO Miguel Alcantara said.

Located in Ubay town, Phase 1 of the 95.2-MW Bohol In-Island Diesel Power Station is nearing completion.

This power plant, which represented Alsons Power’s “strategic expansion” outside Mindanao, is designed to provide a reliable backup power source in the province and ensure continuous supply during times when the province is isolated from the Visayas grid due to calamities or natural disasters.

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“This project will capitalize on opportunities in the Wholesale Electricity Spot Market and Ancillary Reserve market over the next three to five years, until additional plants are developed to address demand-supply gaps in the region,” Alcantara said.

Alsons Power also said it has maximized its involvement in the WESM, the centralized venue for buying and selling electricity as a commodity and reserve markets.