Possible power glut won’t slow Alsons expansion in Mindanao

Mindanao, the nation’s second-biggest island and home to a quarter of the Philippines’ 108 million people, will have at least 1,860 megawatts of new capacity from 2016 through 2019 as Alsons and other companies including Aboitiz Power Corp., San Miguel Corp., Filinvest Development Corp. and Ayala Corp. complete their plans. Mindanao had 2,211 megawatts of installed capacity at end-2014, half of which are hydropower plants, according to government data.