Alcantara family explores energy prospects in Indonesia
Alsons Consolidated Resources Inc. is keen on further expanding its presence in Indonesia given the Southeast Asian nation’s large population and strong donestic demand.
Tomas Alcantara, president of Alsons Consolidated Resources Inc., told reporters that the company was looking to invest in more power projects in Sulawesi, indonesia due to the latter’s proximity to Mindanao, its home base.
Underpinning this bullish outlook is the Indonesian government’s commitment to build more roads, toll roads, ports, airports railways, water, and power plants.
The Alcantara family, through Alsons Power Holdings Corp., already owns and operates a 60-megawatt diesel peaking plant in South Sulawesi in Indonesia, in joint venture with Japan’s Toyota Tsusho Corp.,
“The north Sulawesi area is 45 minutes away from Davao by plane. By boat, General Santos to Cebu is double the distance of General Santos – Manado (North Sulawesi’s capital). That’s how close Indonesia is. We look at that as our natural market,” Alcantara said.
“In Indonesia, you have the Java which has the huge the concentration of population. It is their Luzon. Now the Borneo, Sulawesi, New Guinea are all but forgotten. But there is a lot of potential there, it’s highly mineralized but under-developed for infrastructure,” he added.
Alcantara said they were looking at partnering anew with Toyota Tsusho for the planned fossil fuel project.
Toyota Tsusho is ACR’s partner in the 210-megawatt coal-fired baseload power plant in Maasim, Sarangani province.