Western Mindanao Power Corp. (WMPC), a diesel power plant in Zamboanga City expects to have its fuel supply run out in the next few weeks, which could cause potential blackouts in the area. In a statement made by Alcantara-led Alsons Power Group on Wednesday, May 22, the WMPC said it has already...
Alcantara-led Alsons Consolidated Resources (ACR) reported a drop in net income for the first three months of the year due to the plant’s forced outage in Sarangani province. In a statement, ACR said it was able to consolidate P479 million worth of net income in the first quarter of this year,...
The Alcantara family’s holding company Alsons Consolidated Resources, Inc. (ACR) has received a high Issuer Credit Rating rating of PRS Aa minus (corp.), with a Stable Outlook, for its P3.0 billion Commercial Paper (CPs) Program. In a statement, Philippine Rating Services Corporation...
Alsons Consolidated Resources, Inc. (ACR), the flagship of the Alcantara Group, posted a 22 percent growth in net income to P2.29 billion last year from the P1.88 billion earned in 2022 on the back of growing demand for power in its core markets in Mindanao. In a disclosure to the Philippine...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
Alcantara-led Alsons Power Group is extending help to the Technical Education and Skills Development Authority (TESDA) for the capacity enhancement of technically-skilled workers in Mindanao, primarily in the SOCSKSARGEN region which is among the core communities of its power projects. Alsons Power...
The Alcantara family-owned Alsons Consolidated Resources was cited by the local government of Maasim, Sarangani for its significant contribution in the economic progress and empowering communities in the municipality. The Alcantara group owns Sarangani Energy Corporation which remitted over P61.4...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has successfully raised over P1.15 billion from the third tranche of its P3 billion commercial paper program. The Securities and Exchange Commission had given ACR the permit to sell 182-day and 364-day commercial papers at an interest rate of...
With sustained uptick in its energy sales, the net income of Alsons Consolidated Resources Inc. (ACR) had climbed to P1.8 billion within January to September this 2023, posting 32-percent escalation from a relatively moderate pace of P1.35 billion earnings last year. Given such uptrend in its...
Alcantara-led Alsons Power Group will be constructing a 95.5-megawatt baseload power facility that will cater to the back-up energy needs of Bohol province; and will prospectively end its lingering dilemma of electricity service interruptions especially when extreme weather events would hit. The...
Publicly-listed Alsons Consolidated Resources, the power firm of the Alcantara Group, is aiming to play a key role in the Philippines’ pivot to clean and secured energy sources, particularly in Mindanao, by increasing its renewable power generation capacity. This is according to Alsons Power...
Propped by strong performance of its power plant operations, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) climbed 70-percent to P1.17 billion within this year’s first half from a leaner level of P689 million within parallel period last year. That strong showing on its...
