Showing posts with label National Economic and Development Administration. Show all posts
Showing posts with label National Economic and Development Administration. Show all posts

Wednesday, May 1, 2024

Bridging Power and Progress: Alsons Power's Strategic Move at the SOCSKSARGEN Power Summit

CREDIT: Siguil Hydro Power Corporation

In the dynamic landscape of energy and power in the Philippines, the recent SOCSKSARGEN Power Summit emerges as a beacon of innovative solutions and collaborative efforts. The summit, a concerted effort by the Regional Development Council (RDC) XII, Mindanao Development Authority (MINDA), and National Economic and Development Administration (NEDA) XII, hosted in General Santos City, has set a new precedent in the energy sector's strategic planning and development initiatives. Among the distinguished participants, Alsons Power Group's engagement stands out as a pivotal moment, underscoring the company's integral role in shaping Mindanao's energy future.


At the heart of the SOCSKSARGEN Power Summit was the goal of addressing the myriad power-related challenges facing the South Cotabato-Sultan Kudarat-Sarangani Province-General Santos City (SOCSKSARGEN) development cluster. The summit facilitated a rich dialogue among stakeholders, including power providers like Alsons Power Group, distributors, electric cooperatives, regulators, and local government units. This collaborative environment was particularly conducive to examining and strategizing over the pressing issues of energy resilience, sustainability, and inclusivity in the region's growth plans.
Alsons Power Group's participation was not just a matter of attendance but a profound commitment to the region's energy agenda. With a robust portfolio of three power facilities totaling 413 Megawatts (MW), Alsons Power serves over eight million people across 14 cities and 11 provinces in Mindanao. Their active engagement in the summit is a testament to their dedication to meeting the rising power demands and contributing to the overarching vision outlined in the SOCCSKSARGEN Regional Development Plan (RDP) 2023-2028 and the Mindanao Energy Plan 2040.


The summit arrived at a critical juncture, with Mindanao and the wider Philippines grappling with the adverse effects of an unprecedented heatwave on the power supply. Yet, the proactive stance of Alsons Power, alongside other stakeholders, offers a silver lining. Energy Secretary Rafael Lotilla's assurance of the government's active collaboration with the power sector to enhance electricity reliability, availability, and stability, particularly during increased temperatures, reflects a shared resolve to overcome these challenges.
Alsons Power Group has not only acknowledged the current vulnerabilities in the power infrastructure but has also reaffirmed its unwavering commitment to ensuring the dependability of its power supply. Their efforts to minimize the environmental impact of their operations, coupled with the strategic aim to shift towards a renewable to non-renewable capacity ratio of approximately 60:40, underscore a forward-looking approach to energy production.


A significant highlight of Alsons Power Group's future plans is the commencement of commercial operations of the Siguil Hydro Power Corporation's 14.5-Megawatt (MW) hydroelectric station within the year. This initiative is not just a milestone for the group but a leap towards achieving the Philippines' renewable energy targets of 35% by 2030 and 50% by 2040 in the national power generation mix.

The group's ambition to deploy around 200 MW of hydroelectric power and 400 MW of solar energy across Mindanao and select areas of Visayas is a bold stride towards a sustainable energy future. These endeavors align perfectly with the summit's actionable strategies aimed at driving sustainable development, enhancing energy resilience, and promoting inclusive growth within the SOCSKSARGEN region and beyond.



The SOCSKSARGEN Power Summit has laid down a framework for a collaborative and sustainable approach to addressing the region's energy challenges. Alsons Power Group's active participation and commitment to this vision highlight their role not just as a power provider but as a key player in the socio-economic development of Mindanao. Their efforts to balance the scales between renewable and non-renewable energy sources, while ensuring the reliability and affordability of power, are commendable steps towards a resilient and sustainable energy future for the Philippines.


As we reflect on the outcomes of the SOCSKSARGEN Power Summit, it's clear that the path to a sustainable and resilient energy future is paved with collaboration, innovation, and a steadfast commitment to development goals. Alsons Power Group's pivotal role in this journey, marked by their strategic initiatives and future plans, not only aligns with the national vision for renewable energy but also sets a benchmark for responsible and sustainable power generation. The summit has indeed been a catalyst for change, propelling Mindanao and the Philippines towards an empowered tomorrow.

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