Sarangani Energy Corp. of Alcantara Group is looking to add a new partner for its 2x105-megawatt (MW) coal-fired power plant here as Japanese partner Toyota Tsusho Corp. will cap its stake at 25%. Sarangani Energy is in talks with multinational institutional investors and local companies for a possible investment in its power project, Alsons Consolidated Resources, Inc. and SEC chairman Tomas Alcantara said. "We were the ones who put the limit on what their share will be since there are certain constitutional limitations for the foreign content of the power plant. At 25%, we would want to have the flexibility of looking at other partners that will give us better yield and other inputs. We believe we will be able to do this within the first half, to close a deal and have heads of agreement signed. If foreign, headroom is not that much. If it is a local partner, where nationality requirement will not exist, we will be limited to 49%, Alcantara said.
Alsons Consolidated Resources, Inc. is a Philippines-based investment holding company. The Companyâs secondary purpose is oil exploration. The Companyâs subsidiaries are engaged in power generation, property development, industrial estate management and other investments. The Company conducts its business activities through two segments: Power and Energy, and Property Development. The Companyâs energy and power operations are located on three different sites. Its subsidiary, Western Mindanao Power Corporation (WMPC), has a power plant on a nine hectares property in Sitio Malasugat, Sangali, Zamboanga City, and its subsidiary, Southern Philippines Power Corporationâs plant is situated on a 16 hectare property located in Alabel, Sarangani Province, which is 13 kilometers east of General Santos City. Property Development segment acquires, develops, sells and holds for investment or otherwise, real estate of all kinds, subleases office spaces and manufactures door and house frames.
ALSONS CONSOLIDATED RESOURCES, INC. 
