Key Takeaways
- Alsons Power Group is expanding its renewable energy portfolio, including hydro and solar projects.
- The company is extending its operations beyond Mindanao, with significant projects in Bohol.
- Alsons Power is enhancing its market position in Retail Electricity Supply and maintaining a competitive edge in baseload power.
Achievements and Future Plans
The Alsons Power Group, a prominent energy provider in Mindanao, has showcased notable progress and resilience in 2024. During a recent Townhall Meeting, CEO Antonio Miguel B. Alcantara highlighted the company’s achievements, attributing success to collaboration within the organization and the wider Alcantara Group. Alcantara remarked, “Our achievements in 2024 are just the foundation,” signaling ambitious plans for leveraging shared goals to transform challenges into opportunities for a sustainable future.
In 2024, Alsons Power significantly advanced its renewable energy initiatives. The company proudly completed the 14.5-megawatt Siguil Hydro Power Plant in Maasim, Sarangani, while also making meaningful strides in developing the 37.8-MW Sindangan-Zambo River Power Plant and the 53-MW Bago Hydro Power Plant, both set for construction in 2025. Furthermore, the company is keenly developing its solar energy initiatives, with plans to launch its first large-scale solar power facility in early 2025. Alcantara acknowledged the importance of this direction, stating the firm is “rapidly advancing” its solar projects.
Expanding beyond the confines of Mindanao, the Phase 1 construction of the 95.2-MW Bohol In-Island Diesel Power Station in Ubay is nearing completion. This facility is poised to be a reliable backup power source during calamities, ensuring electricity availability even when isolated from the Visayas grid. The project is positioned to capitalize on opportunities within the Wholesale Electricity Spot Market (WESM) and the Ancillary Reserve market in the coming years.
In Mindanao, Alsons Power’s Sarangani Energy Corporation remains a cost-efficient baseload power supplier, maintaining a competitive stance over the past three years. By strategically engaging in the Wholesale Electricity Spot Market and Reserve Markets, the company strengthens its regional presence. The reactivation of the Mapalad Power Corporation’s Unit 1 in Iligan City is expected to enhance access to the ancillary reserve market.
Additionally, the Western Mindanao Power Corporation (WMPC) in Zamboanga City plays a crucial role in stabilizing the energy supply in the region, reinforcing Alsons Power’s infrastructure footprint. In terms of market penetration, Alsons Power’s Retail Electricity Supply (RES) Unit has secured important contracts with clients such as Holcim Philippines and Metro Retail Stores Group, Inc., amassing a total contracted capacity of 43 MW. The company aims to expand its market share further in the Retail Competition and Open Access (RCOA) market in 2025, continuing to solidify its standing in the energy sector.
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