Alsons Lists First Tranche of P3 Billion Commercial Papers with PDEx

​Alsons Consolidated Resources (ACR), the publicly listed company of the Alcantara Group, has listed with the Philippine Dealing and Exchange Corporation (PDEx), P1.6 billion from the first tranche of the company’s P3 billion Commercial Paper (CP) Program.

​“ACR is committed to helping address the country’s growing demand for reliable and affordable power. This Commercial Paper program provides us with an efficient and cost-effective way to support our working capital requirements, enabling us to fulfill our mission of unlocking potential and empowering progress in Mindanao and beyond,” said ACR Deputy Chief Financial Officer Philip Edward B. Sagun.

Currently, ACR is focused on building its renewable energy capacity with several hydro and solar power projects in various stages of development. In 2024, the company completed construction and commenced commercial operations of its first hydro power facility in Maasim, Sarangani— the 14.5- Megawatt Siguil Hydro Power Plant.

ACR also remains a key player in the Mindanao energy market through the 237-MW Sarangani Energy Corporation baseload power plant, powering key areas in the region including Sarangani Province, General Santos, Cagayan de Oro, Iligan, Dipolog, Dapitan, Pagadian, Samal, Tagum, Kidapawan, and Butuan, among others. Moreover, the company provides essential ancillary services to the National Grid Corporation through the 105.8-MW Mapalad Power Corporation in Iligan and 107-MW Western Mindanao Power Corporation in Zamboanga.

“We are also anticipating the completion and operation of the first phase of our 95.2-megawatt Bohol In[1]Island Diesel Power Plant in Ubay, our first power project outside of Mindanao,” Sagun shared. “The project is designed to provide a reliable backup power source for consumers in Bohol, ensuring a continuous electricity supply when the province is isolated from the Visayas grid due to calamities or natural disasters.”

As ACR expands its power portfolio, it is also growing its Retail Electricity Supply (RES) customer base. Since its launch last year, ACR’s RES unit has already secured two power supply agreements with Holcim Philippines and Metro Retail Stores Group, Inc., totaling up to 43 MW of RES. “We are optimistic about the expansion of our Retail Electricity Supply unit as we continue to enhance our market presence, improve our operational capability, and develop our power assets,” said Sagun.