“Most affected are our oil-fired power plants,
which can expect to see a 10–30 per cent
cost increase over the next three years.
This will make oil-fired power plants less
competitive, driving power players to be
more innovative in improving their
operational expenses.”
Nevertheless, Edgar is confident that
Alsons Power will continue to be profitable
and prosperous despite the challenging
environment it currently operates in. “Alsons’
founding family, the Alcantaras, have been
doing business in Mindanao since the 50s.
Over this time, they have formed strong
alliances and gained extensive experience
in developing green-field power projects.”
Edgar is more than ready to continue
this legacy, having had a front-row seat as
the Philippines’ power industry evolved from
a monopolistic era of government-controlled
power supply to a competitive and dispersed
private sector industry.
“The game has changed dramatically.
New power technologies are now directed
towards renewable sources to minimise their
impact on the environment and mitigate
worsening climate change,” he says. “To
survive, we need to develop new strategies
with our partners and suppliers, embrace
innovative technologies, and explore
alternative options in power generation.
Every day is a new opportunity, a chance to
grow and learn. Competition is intense and
APG will continue to expand its portfolio
to include renewables in collaboration with
strategic suppliers and business partners.”+ “Success isn’t measured by how
much you accumulate, but by
how much you contribute.”
+ “In the words of Warren Buffet:
‘It takes 20 years to build your
reputation and five minutes to ruin.
If you think about that, you’ll do
things differently’.”
+ “Patience and perseverance are
virtues that will lead you to success.”EDGAR’S
LEADERSHIP
TIPS
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