Alsons Consolidated Resources (ACR), led by the Alcantara group, has listed P1.6 billion worth of commercial papers on the Philippine Dealing and Exchange Corp. (PDEx). This issuance is part of a P3-billion commercial paper program designed to finance ACR's capital working requirements, supporting its expansion in renewable energy and retail electricity supply.
Alcantara-led Alsons Consolidated Resources has listed on the Philippine Dealing and Exchange Corp. P1.6 billion of commercial papers.
“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,” ACR Deputy Chief Financial Officer Philip Edward B. Sagun said on Monday.
ACR also remains a key player in the Mindanao energy market through the 237-MW Sarangani Energy Corp. 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.
“We are also anticipating the completion and operation of the first phase of our 95.2-megawatt Bohol In-Island Diesel Power Plant in Ubay, our first power project outside of Mindanao,” Sagun added.
ENERGY RENEWABLE ENERGY COMMERCIAL PAPERS FINANCE MINDANAO
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