Alsons Consolidated Resources Inc. said Friday its P4.5-billion, 14.5 megawatt run-of-river hydro power plant at Siguil River in Maasim, Sarangani province is on schedule to begin operations next year.
Siguil Hydro represents Alsons’ foray into the renewable energy sphere.
“Work is ongoing as we speak and Siguil Hydro is on-track to commence commercial operations in early 2022 to provide a source of renewable, reliable and affordable power to key areas of Mindanao,” Alsons executive vice president Tirso Santillan said during the company’s annual stockholders’ meeting held virtually Thursday.
Alsons plans to put up seven more run-of river hydroelectric power facilities to follow Siguil hydro. Two hydro plants are in the immediate pipeline including the 22-MW Siayan (Sindangan) hydro power plant in Zamboanga del Norte and the 42-MW Bago hydro power plant in Negros Occidental.
“Both projects are now in the process of completing the development phase, and we expect to be able to update you on their status towards the end of this year,” Santillan said.