Alsons Power Group plans to build more hydro projects to expand its renewable energy portfolio.
The company has two hydro power facilities in the pipeline, namely the 38-megawatt Sindangan Hydro in Zamboanga del Norte and the 42-MW Bago Hydro in Negros Occidental.
Once completed and operational, the hydro power plants will constitute the bulk of the company’s power facilities.
“In the next few years, in terms of the number of power facilities, renewable energy will constitute the largest segment in Alsons Power’s portfolio,” Alsons Consolidated Resources Inc. chairman and president Tomas Alcantara said in a statement over the weekend.
Alsons Power recently marked the start of construction of the 14.5-MW run-of- river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani province.
The P4.5-billion Siguil Hydro is expected to begin operations in 2022 to provide power to the rapidly developing Sarangani/South Cotabato/General Santos City region.