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Alsons Consolidated Resources, Inc. (ACR) – the publicly-listed company of the Alcantara Group, announced that it has entered into an Omnibus Notes Facility and Security Agreement for the issuance of Fixed Rate Corporate Notes in the amount of 7.5 Billion Pesos.  The Notes will have 5-year and 7-year tranches and the proceeds from the issuance of such notes will be used to prepay an existing loan facility and to finance its investment in power-related assets.  ING Bank N.V., Manila Branch is the Issue Manager and Bookrunner for the transaction.


Kamanga Marine Eco-Tourism Park and Sanctuary of Maasim, Sarangani was recently named as one of Para el MAR (for the Sea) Awards’ Most Outstanding Marine Protected Areas in the Philippines. Located within the vicinity of the Alsons Power Group’s Sarangani Energy Corporation (SEC) power plant, the marine protected area underscores the Alsons Power Group’s commitment to preserve and protect the environment in all the areas where it operates.


In a meeting of the board of directors last Friday, November 6, 2015, Alsons Consolidated Resources, Inc. (ACR) – the publicly-listed company of the Alcantara Group, reported a 19% rise in consolidated net income for the first nine months of 2015, to P685 Million from P574 Million in the same period in 2014.  Despite the lower price indices used in computing tariffs for the period, net income still increased due to the higher dispatch of electricity sold by its three diesel-fired power plants namely --- the 103MW Mapalad Power in Iligan City, the 100MW Western Mindanao Power in Zamboanga City, and the 55MW Southern Philippines Power in Alabel, Sarangani Province.  For the nine-month period, these three plants sold 1.065 Million Megawatt hours of electricity – 17% more than the 910 Thousand Megawatt hours sold in the same period last year. All three Alsons diesel plants have significantly contributed to alleviating the power shortage in Mindanao.


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