Sarangani power plant boosts Alsons income

- sources, Inc. (ACR) reported consolidated net income of P274.48 Sarangani under SEC. of the SEC commenced operations in April 2016, it has been supplying baseload power to more than three million people in four provinces, three cities and other major population centers of Mindanao.

Alsons said the second 105MW section of the Sarangani plant, set to be completed in 2019, is poised “to contribute another 105 MW of baseload power to serve four more provinces, another city, and other key areas of Mindanao.

- ment in Sarangani and in Region 12 amounting to almost $600 million (P30.74 billion).

ACR, the first independent power producer in Mindanao, is a publicly listed company of the

- ies engaged in power generation, property development, industrial estate management, and other investments.

The company currently operates three diesel power plants: the 103- MW Mapalad Power Corp. diesel plant in Iligan City, the 100- MW Western Mindanao Power Corp. facility in Zamboanga City, and the 55- MW Southern Philippines Power Corp. plant in the municipality of Alabel in the Sarangani province.

Shares of Alsons added 0.74 percent to end at P1.36 on Friday.