Alsons Consolidated Resources Corp., the publicly listed arm of the Alcantara Group, has listed on the Philippine Dealing and Exchange Corp. the P1.6 billion in commercial papers it issued to support its expanding energy projects.
The listed debt papers represent the first tranche of ACR’s P3 billion commercial paper program. The listing allows holders of the debt papers to trade them on the PDEx.
ACR deputy chief financial officer Philip Edward B. Sagun emphasized that the funds would help address the country’s increasing demand for reliable and affordable power. “This commercial paper program provides us with an efficient and cost-effective way to support our working capital requirements, enabling us to fulfill our mission of unlocking potential and empowering progress in Mindanao and beyond,” Sagun said.
ACR is heavily focused on renewable energy, with a series of hydro and solar power projects under development. In 2024, the company marked a key milestone with the successful completion and commencement of operations for the 14.5-megaWatt Siguil Hydro Power Plant in Maasim, Sarangani—the company’s first hydroelectric facility.
Alongside hydro projects, ACR plays a vital role in the Mindanao energy market through the 237-MW Sarangani Energy Corp. baseload plant. This plant supplies power to key areas like Sarangani, General Santos, and Cagayan de Oro. The company also operates two significant plants that provide ancillary services to the National Grid Corp.: the 105.8-MW Mapalad Power Corp. in Iligan and the 107-MW Western Mindanao Power Corp. in Zamboanga.
Looking ahead, ACR is expanding its footprint outside of Mindanao with the upcoming 95.2-megawatt Bohol InIsland Diesel Power Plant, which will ensure reliable backup power for Bohol residents, especially in the face of calamities. The company is also strengthening its Retail Electricity Supply unit, which has already secured two power supply agreements totaling 43 MW with Holcim Philippines and Metro Retail Stores Group.
ACR’s ongoing projects underscore the company’s strategic vision to diversify its power portfolio while helping meet the growing energy demands of the Philippines.
