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Manila Bulletin devider Business devider Alsons income rises 24% to P405 M

Alsons income rises 24% to P405 M

Published Mar 24, 2022 03:33 pm

Owing to higher sales from its power generating assets, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) went up 24-percent to P405 million last year from a leaner P325 million in 2020.

The company’s consolidated revenues likewise climbed by a modest 6 percent to P10.05 billion in 2021 from the prior year’s P9.47 billion.

According to the company, its two-unit Sarangani power facility with aggregate capacity of 210 megawatts remained its “key revenue and income driver” last year.

The Sarangani plant, in particular, has been catering to the electricity needs of consumers across key ‘growth areas’ in Mindanao grid – including those in Sarangani province, as well as the major cities of General Santos, Cagayan de Oro and Iligan.

The current power generation portfolio of Alsons stands at 468MW; and these facilities have been serving the electricity needs of more than 8.0 million people in at least 14 cities and 11 provinces in Mindanao.

The Alcantara firm had been one of the companies which heeded government’s invitation for fresh capital flow when the southernmost power grid had been suffering from power supply crisis in the past 6-7 years.

But as the Mindanao power system is now teeming with supply, Alsons will already be shifting its investment terrain on to cleaner energy technologies – primarily its blueprinted run-of-river hydropower installations in Visayas and Mindanao.

First in the line-up to be coming on commercial stream would be its 14.5MW Siguil hydropower facility, which is also sited in Sarangani province.

As cast on blueprint, that hydro power plant development will serve as a take-off point among the eight projects of that technology type that the company will soon be lifting from the drawing board.

It was emphasized that the planned expansion projects will further diversify the Alcantara firm’s generation mix”; and it will be targeting ‘strong partners’ for particular ventures that it will soon be advancing to implementation phases.

Beyond these renewable energy ventures, the company is also helping solve the power supply woes of Zamboanga, via its 105 MW San Ramon thermal power plant that is already moving forward to construction.

Related Tags

#ACR #2021INCOME #ALCANTARAGROUP #POWERGENERATION #HYDRODIVERSIFICATION
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