posted May 18, 2016 at 11:30 pm by Alena Mae S. Flores
Alsons Consolidated Resources Inc.
may invest in around 150 megawatts of solar power projects “on an opportunistic
basis,” an official said Wednesday.
Alsons vice president for business
development Joseph Nocos told reporters the company would focus on
developing renewable energy sources aside from coal projects.
“Our hydro target is 150 MW. Solar,
on a opportunistic basis, we’re looking at 150 MW... Our strategy is to expand
our capacity according to what the market needs,” Nocos said.
Nocos said Alsons had an available
land that could be utilized for solar and that the company was initially
looking at 10 MW to 20 MW of solar projects in the next two years.
He also said Alsons was looking at a
possible partnership with a Japanese or European company.
“For hydro, we will likely go by our
selves along with our partner Toyota Tsusho,” he said.
Alsons earlier teamed up with Toyota
Tsusho to build the 210-MW Sarangani coal-fired power plant.
Nocos said the first 105-MW unit of
the Sarangani coal plant had started supplying electricity to Mindanao
customers. The Sarangani plant is expected to be operating at its full capacity
of 210 MW by 2018.
Nocos earlier said there were enough
baseload or coal-fired power plants being built in Mindanao.
“We’re looking ahead to what
Mindanao grid will need. First, there is enough baseload power plants being
built, so we believe there will be adequate baseload in next 10 to 15 years.
We’re anticipating an opportunity for generation companies in RE space, mainly
hydro,” Nocos told reporters.
The company is pursuing the projects
under newly-established Alsons Renewable Energy Corp.
Alsons has received service
contracts to build 90 MW of hydro power plants, while applications for another
90 MW of capacity are pending with the Energy Department.
“We expect DoE to decide within the
year. If all is approved, we will have 180 MW which we hope to implement in
next five years,” Alsons said.
Nocos said the company was moving
forward this year with the construction of the 15-megawatt Siguil hydro power
plant in Maasim, Sarangani province.
He said the project would be
followed by a 40-MW hydro power project in Negros Occidental along the Bago
River.
“Except for a 40-MW [hydro in
Negros], all projects will be in Mindanao. Two other [hydro projects] in
Mindanao could be rolled out in next couple of years,” he said.
Alson’s affiliated power facilities
are expected to have a total generating capacity of 588 MW by 2019 that will
meet more than 25 percent of Mindanao’s projected peak demand for that year.
Alsons operates three diesel plants
that have significantly contributed to alleviating the power shortage in
Mindanao.
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