Alsons Seeks Partners for Hydro Power
Alsons Consolidated Resources Inc. (PSE: ACR) is in talks with Japan’s Toyota Tsusho and other potential partners on a $45 million renewable energy (RE) project while it prepares for an upcoming lineup of up to $280 million in RE projects.
ACR is set to undertake the 15MW to 16MW Siguil hydroelectric power project in Maasim River in Sarangani province. It would entail an investment of $40 million to $45 million.
Source: Philippine Daily Inquirer