Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 asVictoria Gold Mining Corporation to engage in the business of exploration of oil,petroleum and other mineral products. In June 1995, the corporate name was changedto its present name to mark the entry of the Alcantara Group. ACR's primary purposewas subsequently changed to that of an investment holding company with oil exploration as secondary purpose. On October 10, 1996, ACR completed its reorganization througha series of stock swaps, and as a result, some of the Alcantara Group's establishedbusinesses became majority- or minority-owned subsidiaries of ACR.ACR's core businesses, conducted through its various subsidiaries and associates, aregrouped into main categories consisting of energy and power, property development,and other investments. ACR's investment in the energy and power business is throughtwo holding firms, namely, Conal Holdings Corporation (CHC) and Alsing Power Holdings,Inc. On August 1, 2013, the Company re-acquired the 40% ownership by ElectricityGenerating Public Co. Ltd. of Thailand in CHC. ACR also wholly owns Alsons PowerInternational Limited, which handles the development of the power plant projects of ACRoutside the country.The Company has three operating power generation subsidiaries, namely, WesternMindanao Power Corporation, Southern Philippines Power Corporation, and MapaladPower Corporation, all of which are located in Mindanao. ACR, through its subsidiaries,is also conducting feasibility studies on renewable energy projects. Currently underdevelopment are the Siguil 17MW Hydro Power Project in Maasim, Sarangani and theBago 40MW in Negros Oriental. These projects are expected to augment power supplyin the cities of General Santos and Bacolod, respectively, once they are completed.The Company is also engaged in property development through Alsons LandCorporation. In terms of other investments, ACR is involved in the mining sector throughACR Mining Corporation, and in the product distribution business, through RCP Holdings,Inc. and Market Developers, Inc.




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