Alsons plans energy investment in Indonesia

The Philippines? Alsons Consolidated Resources, Inc. (ACR) is eyeing Indonesia for the expansion of its energy portfolio as part of a bid to grow into a regional energy player and amid the immense potential offered by the Asean economic integration, a report said.

?We are looking at the Celebes, Sulawesi area because of its proximity to Mindanao and because of the literature that we have read on the plans of Indonesia to encourage infrastructure and economic development in the eastern part of Indonesia,? ACR Chairman and President Tomas Alcantara said as quoted by manilatimes.net Tuesday.

ACR plans to invest in power in Indonesia, particularly in fossil-fuel based power which is indigenous to that area.

Alcantara said the Alsons group is talking to its traditional partners. ?Toyota is already there and some Singaporeans,? he said, but did not divulge the names of other potential partners due to non-disclosure agreements.

Toyota Tsusho Corporation (TTC), the trading company of the Toyota Group, is ACR?s partner in the 210-megawatt coal-fired baseload power plant of Sarangani Energy Corporation (SEC) in Maasim, Sarangani Province, Philippines. (*)