The power unit of the Alsons Consolidated Resources, Inc. will already advance to construction phases the three major power projects it is pursuing for the Mindanao grid.
These will be the Section 2 of the Sarangani coal-fired power facility at 105MW capacity; 105MW San Ramon coal-fired power plant; and the 15MW Siguil hydropower project.
The Sarangani plant costing US$570 million is of 210MW capacity upon full completion of the next block by 2018. The first unit had been set on full commercial operation last month.
The San Ramon project in Talisayan, Zamboanga City encountered snags on its way to construction phase, but this is seen finally moving headway to development when proposed hurdles on off-take will be addressed.
“The 105MW SRPI (San Ramon Power Inc.) plant is projected to begin operating in 2019 to provide baseload power to Zamboanga City and other key areas in Mindanao.”
The 15MW Siguil hydropower facility, on one hand, “will be up and running within 2018,” Alsons Consolidated Resources, Inc. has noted in a press statement.
The company added that “aside from the Siguil project, (it) plans to develop other run-of-river hydropower projects with a total potential capacity of 185MW in different places in Mindanao and Negros Occidental.”
After the Siguil project, the other likely to take-off from the company’s blueprint would be the 40MW Bago hydropower project in the Visayas grid.
Around 2019 when all of planned projects would be on stream, the total power generation portfolio of the Alcantara group would be 588 megawatts – which shall be approximately 25 percent of Mindanao’s peak demand.
Mindanao is anticipated to be on oversupply starting next year, but project developers said its need for sufficient reserves will still hold for most of planned investments.
Read more at http://www.mb.com.ph/alsons-power-advances-3-major-projects-in-mindanao/#V4BDQEuJZGqSvLLO.99