Alsons Consolidated Resources

What Alsons Consolidated Resources does

Alsons Consolidated Resources, Inc. (PSE: ACR) is a Philippine publicly-listed investment holding company, originally incorporated in 1974 as Victoria Gold Mining Corporation and repositioned in 1995 under the Alcantara Group as a Mindanao-focused independent power producer and property developer. The company operates through approximately 17 subsidiaries across three business pillars: energy and power, real estate development, and other investments. ACR is the first and most experienced independent power producer in Mindanao, with nearly three decades of operations supplying the Mindanao Grid.

The energy and power business is the core revenue driver and is delivered through four operating subsidiaries and a renewable energy arm. Western Mindanao Power Corporation (WMPC, 100MW diesel in Zamboanga), Southern Philippines Power Corporation (SPPC, 55MW diesel in Alabel, Sarangani), Mapalad Power Corporation (MPC, 98MW bunker-fired diesel in Iligan plus 95.2MW in Bohol), and Sarangani Energy Corporation (SEC, 210MW coal-fired circulating fluidized bed plant in Maasim) form a combined installed capacity of approximately 463MW. Power is sold under 18-year Build-Operate-Own arrangements with the National Power Corporation and as Merchant Plant output to Mindanao electric cooperatives. Renewable expansion is underway via Siguil and Kalaong hydroelectric projects, the Bawing Solar project (groundbreaking May 2026, COD target June 2027), and the SPPC Solar Phase 1 GEAP Round 4 award (committed delivery September 2027). Real estate development is conducted through Alsons Land Corporation (Eagle Ridge Golf & Residential Estate, a 700-hectare project with four signature golf courses in General Trias, Cavite) and joint ventures with Sta. Lucia Realty (Eagle Ridge) and Sunfields Realty (Campo Verde in Batangas), supplemented by the PEZA-accredited Kamanga Agro-Industrial Economic Zone.

ACR is controlled by the Alcantara Group through Alson Corporation (41.21%), Alsons Power Holdings (19.87%), and Alsons Development and Investment Corp (18.89%), with no external private equity or venture capital backing. Capital is raised through equity listing on the Philippine Stock Exchange and a multi-tranche Php 3 billion Commercial Paper Program on PDEx. In 2025, consolidated revenue reached Php 14.94 billion (19% above 2024), and H1 2026 revenue surged 58.8% year-on-year to Php 9.17 billion with net income of Php 1.7 billion (31% YoY growth), reflecting both volume growth from expanded capacity and tariff dynamics in the Mindanao market.

Name

Alsons Consolidated Resources

Legal name

Alsons Consolidated Resources, Inc.

Website

https://acr.com.ph

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

251–500 employees

Short description

Alsons Consolidated Resources is a Philippine holding company that operates diesel, coal, and renewable power plants totaling roughly 463MW to supply the Mindanao Grid under BOO arrangements, and develops residential and golf real estate through Eagle Ridge, Campo Verde, and a PEZA-accredited agro-industrial zone.

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Power generation services
• Coal-fired electricity
• Diesel power generation
• Renewable energy development
• Property development

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Power Generation Sales: Revenue from electricity generation and delivery to the Mindanao Grid under BOO arrangements with NPC and as Merchant Plants. Power plants dispatch to supply grid deficits during low water periods at Lake Lanao. Includes retail electricity sales business growth.
2. Real Estate Sales and Leasing: Revenue from Eagle Ridge Golf & Residential Estate lot sales, Campo Verde housing products, and leasing activities. Kamanga Agro-Industrial Economic Zone attracts enterprises with power reliability and PEZA incentives.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

ACR operates as an investment holding company with subsidiaries engaged in power generation, property development, and industrial estate management. The company's energy and power business generates and supplies electricity to the Mindanao Grid through diesel, coal, hydroelectric, and solar facilities under Build-Operate-Own arrangements with the National Power Corporation and as Merchant Plants serving electric cooperatives and industrial customers. Its property development business develops residential, golf, and industrial real estate projects including Eagle Ridge Golf & Residential Estate and the PEZA-accredited Kamanga Agro-Industrial Economic Zone.

Differentiator

Problem solved

Functional benefit

Products and services

• Western Mindanao Power Corporation (WMPC) 100MW Diesel-Fired Power Generation Electricity generation from a 100MW diesel-fired power plant located in Zamboanga City, supplying electricity to the Mindanao Grid under BOO arrangements with the National Power Corporation and operating as Merchant Plant.
• Southern Philippines Power Corporation (SPPC) 55MW Diesel-Fired Power Generation Electricity generation from a 55MW diesel-fired power plant located in Alabel, Sarangani Province, supplying electricity to the Mindanao Grid under BOO arrangements and as Merchant Plant.
• Mapalad Power Corporation (MPC) 98MW Bunker-Fired Diesel Generation (Iligan) Electricity generation from a rehabilitated 98MW bunker-fired diesel power facility in Iligan City serving electric cooperatives in Mindanao as Merchant Plant.
• Bohol In-Island Diesel Power Station (Mapalad Power) Backup and emergency diesel-fired power supply for Bohol province with total installed capacity of 95.2MW located in Ubay, Bohol.
• Sarangani Energy Corporation (SEC) 210MW Coal-Fired Power Plant Coal-fired power generation using circulating fluidized bed technology with total capacity of 210MW (Phase 1: 105MW; Phase 2: 105MW) located in Maasim, Sarangani Province, supplying baseload power to the Mindanao Grid.
• Siguil Hydroelectric Power Project Hydroelectric power generation project developed by Siguil Hydro Power Corporation (a subsidiary of ACR's Alsons Renewable Energy Corporation); 14MW Siguil plant experienced an operational incident in September 2025 with restoration targeted Q4 2026.
• Bawing Solar Project Solar power generation project (the most advanced renewable energy project in ACR's portfolio), targeting commercial operations by June 2027.
• SPPC Solar Phase 1 (GEAP Round 4 Contract) Solar power project awarded under the Philippine government's Green Energy Auction Program (GEAP) Round 4, with committed delivery by September 2027.
• Eagle Ridge Golf & Residential Estate 700-hectare real estate development in General Trias, Cavite, featuring four signature golf courses and residential lots; sold through joint venture with Sta. Lucia Realty Development, Inc. and Fil-Estate Group of Companies.
• Campo Verde Housing Project 11-hectare Spanish-themed housing development located in Malvar, Batangas, in joint venture with Sunfields Realty Development, Inc.
• Kamanga Agro-Industrial Economic Zone PEZA-accredited agro-industrial economic zone in Maasim, Sarangani Province, offering reliable power infrastructure and PEZA tax incentives to attract industrial locators and agro-industrial enterprises.

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Global Business Power Corporation (GBP)coreStrategic or Co-development Partner · 30 November 2017ACR formalized partnership with GBP through Alsons Thermal Energy Corporation (ATEC). GBP, an associate of Metro Pacific Investments Corporation, acquired 50% stake in the Mindanao power generation holding company. The partnership aims to undertake power projects in Mindanao.
• Toyota Tsusho CorporationminorStrategic or Co-development Partner · 29 November 2017Toyota Tsusho expressed interest in investing in ACR's renewable energy projects, specifically hydropower projects (Siguil Hydro Power Corporation and Kalaong Hydro Power Corporation).
• Sta. Lucia Realty Development, Inc.coreChannel Partner/ Reseller/ DistributorJoint venture partner for Eagle Ridge Golf & Residential Estate in General Trias, Cavite. The Fil-Estate Group of Companies primarily handles the sale of golf shares and residential lots at Eagle Ridge.
• Sunfields Realty Development, Inc.coreChannel Partner/ Reseller/ DistributorJoint venture partner for Campo Verde project, an 11-hectare Spanish-themed housing development located in Malvar, Batangas.
• Philippine Economic Zone Authority (PEZA)coreOthersKamanga Agro-Industrial Economic Zone accredited by PEZA as an agricultural and light-industry zone. Enterprises locating inside enjoy incentives prescribed by law through PEZA.
• The Conrado & Ladislawa Alcantara Foundation, Inc. (CLAFI)coreOthersCLAFI oversees CSR functions of all Alcantara Group companies. ACR subsidiaries implement CSR programs in coordination with CLAFI, focusing on education and environment initiatives including scholarships, watershed protection, and community development.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Energy Development Corporation: Energy Development Corporation generates renewable electricity, primarily from geothermal resources, in the Philippines. It is a relevant generation peer as ACR develops its own hydro and solar portfolio, though EDC is substantially more established in geothermal energy.
• Aboitiz Power Corporation: Aboitiz Power is a Philippine power group with generation and distribution assets spanning thermal, hydro, solar, and wind. Its diversified IPP model and presence in Mindanao make it a close public-company comparator for ACR.
• ACEN Corporation: ACEN is a listed Philippine renewable-energy platform that develops, owns, and operates solar, wind, hydro, and geothermal assets. It directly overlaps with ACR's expansion into renewables and participation in the Philippine power market.
• First Gen Corporation: First Gen owns and operates a large Philippine generation portfolio across natural gas, geothermal, hydro, wind, and solar. It is directly comparable to ACR as an independent power producer, although it is larger and has a more mature renewable asset base.
• Semirara Mining and Power Corporation: Semirara combines coal mining with electricity generation through power subsidiaries. Its integrated fuel-to-power model is comparable to ACR's coal exposure, although Semirara has more direct control over upstream fuel supply.
• Global Business Power Corporation: Global Business Power owns and operates coal- and diesel-fired generation assets in the Visayas and other Philippine markets. It is directly comparable to ACR's thermal portfolio and holds a 50% interest in ACR's thermal holding company, ATEC.

Emerging players

• PetroEnergy Resources Corporation: PetroEnergy develops renewable and thermal power projects in the Philippines. Its generation mix and development-stage model are comparable to ACR's energy portfolio, although PetroEnergy is smaller and has a less substantial operating base.

Broad incumbents

• San Miguel Corporation: San Miguel is a diversified Philippine conglomerate whose San Miguel Global Power unit owns substantial baseload and flexible generation capacity. It overlaps with ACR across coal and other thermal generation but is a much broader incumbent.
• Manila Electric Company: Meralco is the Philippines' largest electric distribution utility and also has generation interests through its power-generation arm. It shares ACR's regulated customers, grid relationships, and policy environment, but its core business is distribution rather than independent generation.

Regional players

• Vivant Corporation: Vivant is a Cebu-based holding company with activities spanning electricity distribution, generation, and retail supply. It is comparable to ACR's utility and generation model, but its operating base is more concentrated in the Visayas than Mindanao.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/alsons-consolidated-resources-inc-acr-

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alsons Consolidated Resources