Alsons Consolidated Resources Inc. has received approval from the Securities and Exchange Commission (SEC) to launch its P3 billion commercial paper program, according to a disclosure filed with the Philippine Stock Exchange (PSE). The SEC clearance allows Alsons to issue the first tranche of the program, with a base offer of P1.2 billion and an oversubscription option of up to P400 million.
The funds raised from this initiative will support ongoing efforts to expand Alsons’ renewable energy portfolio. Alsons has been actively investing in renewable energy, with several projects in the pipeline. Among the key developments are the 14.5 MW Siguil Hydro power plant in Sarangani, a hydro and solar power project in Zamboanga del Norte with a potential 37.8 MW capacity, and a hydropower project in Negros Occidental Bago River, which is expected to generate up to 42 MW.
In addition to its renewable energy projects, Alsons operates a diverse power generation portfolio in Mindanao, which includes thermal and coal-fired plants such as the 103 MW Mapalad Power Corp., the 55 MW Southern Philippines Power Corp., the 100 MW Western Mindanao Power Corp., and the 210 MW Sarangani Energy Corp. This brings Alsons’ total generation capacity to nearly 500 MW.
The SEC clearance underscores Alsons’ strategic push to bolster its energy infrastructure while securing alternative financing avenues for its ambitious growth plans in the renewable energy sector.
