The Alcantaras’ Alsons Power Group has lauded the recent Supreme Court decision validating the government’s sale in 2012 of two diesel power plants to its subsidiary, a deal that allowed the group to supply additional electricity to Mindanao. /PDI
The diesel plants are now owned by Mapalad Power Corp. , another Alsons unit, which began operating the facility in 2013.
“Upon the COA’s approval of the sale, we were able to rehabilitate and operate the MPC Iligan Diesel Power Plants just in time to deliver much needed power to Iligan City and other key areas in Mindanao during the May 2013 elections,” said Santillan. The Iligan diesel plants were covered by the build, operate, transfer agreements between Northern Mindanao Power Corp. and state-run National Power Corp. .
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