Alsons Consolidated Resources, Inc. (ACR) reaffirmed its commitment to delivering safe, reliable, and affordable energy to Mindanao and beyond during its Annual Stockholders’ Meeting held on May 29.

Alsons Consolidated Resources, Inc. (ACR) reaffirmed its commitment to delivering safe, reliable, and affordable energy to Mindanao and beyond during its Annual Stockholders’ Meeting held on May 29.

In his message, Chairman Nicasio I. Alcantara emphasized the company’s commitment to investing in infrastructure that support national development and address the country’s growing power demand.

“Looking ahead, we recognize the country’s growing need for reliable, sustainable energy. We intend to meet this by investing in renewables while pursuing technologies that allow for stable and economic generation.”

Advancing Energy Security Through a Balanced Portfolio

Amid rising power demand and the increasing call for sustainability, ACR believes that a balanced portfolio is the most responsible path forward — one that secures the grid today while transitioning toward cleaner sources.

“This growing portfolio of conventional and renewable assets—now totaling 428 MW—lets us meet current needs while preparing for a cleaner and more resilient energy future,” Alcantara said.

The company’s current power assets include the 210-megawatt Sarangani Energy Corporation, a coal plant that uses circulating fluidized bed (CFB) technology to provide dependable baseload power. Supporting grid stability are two diesel facilities — the 100 MW Western Mindanao Power Corporation in Zamboanga and the 103 MW Mapalad Power Corporation in Iligan — both delivering ancillary services.

ACR is also nearing the completion of the Bohol In-Island Diesel Power Station in Ubay, designed to provide emergency and backup power during outages or natural disasters.

In 2024, ACR marked a significant milestone with the completion of its first renewable energy project: the 14.5MW Siguil Hydro Power Plant in Maasim, Sarangani. Now operational as a must-run unit in the Wholesale Electricity Spot Market, the plant reflects the company’s growing focus on clean energy.

“Several other renewable projects are in development, including the hydro facilities in Bago, Negros Occidental, and Siayan, Zamboanga del Norte and our solar projects in General Santos and Sarangani Province,” shared Alcantara.

With a pipeline of hydro and solar projects underway across Mindanao and the Visayas, ACR continues to invest in new technologies and partnerships that support the country’s renewable energy goals.

Powering with Care

In addition to its energy projects, ACR remains committed to uplifting communities and protecting the environment.

“Our commitment extends beyond power generation.  For it to be sustainable, growth must go hand in hand with care for people and the planet,” said Alcantara.

Last year, over 300 high school and college students in Sarangani, Zamboanga, and Iligan received educational support through the company’s scholarship programs. ACR is also expanding its work in Early Childhood Care and Development (ECCD), with a focus on strengthening the literacy and numeracy skills of young children in its partner communities.

Environmental stewardship remains a core priority for the company. Under its Watershed Enhancement Program (WEP), ACR planted more than 60,000 trees last year — with a high survival rate of 96% — and offered training to local farmers on sustainable coffee farming practices, combining reforestation with livelihood development. Last year, 17 IP farmers under ACR’s WEP harvested more than 750 kilograms of coffee cherries. These have since been roasted and sold as quality-graded coffee, creating new income opportunities for the farmers.

With a clear strategy and strong community partnerships, ACR remains committed to shaping an energy-secure and inclusive future for the regions it serves.

ACR reported consolidated revenues of ₱12.5 billion in 2024, slightly up from ₱12.4 billion in 2023. Net income rose to ₱2.5 billion from ₱2.3 billion the previous year, reflecting steady financial growth and the success of ACR’s strategic initiatives.

This press release has also been published on VRITIMES