Philippine energy firm sets sights on Indonesia

Alsons Consolidated Resources, Inc is expanding outside of Mindanao island.

Alsons remains keen on exploring energy opportunities in eastern Indonesia as part of its expansion plans outside Mindanao where most of its power assets are located.

President Tomas Alcantara said the company has its hands full here, but eastern Indonesia remains attractive for power generation, coal or gas.

The company owns and operates a 60 megawatt diesel peaking plant in South Sulawesi in partnership with Japan’s Toyota Tsusho Corporation, the trading company of the Toyota Group.

The Alcantara Group, of which Alsons Consolidated is a part, has a number of power projects that can generate an additional 282 megawatts for the Mindanao grid by 2016.

The new projects are expected to hike the company’s total power generation capacity to 436 MW by 2016, which may be enough to serve at least a fourth of Mindanao’s estimated peak demand.