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Vivant Energy sees investments reaching P22-B by 2030
Vivant Energy Corp., a unit of energy and water conglomerate Vivant Corp., is increasing its investments in the country’s energy sector.
“As we look to the future, Vivant Energy remains committed to developing solutions for energy transformation and the improvement of energy services in the country,” Emil Andre Garcia, Vivant Energy president, said in a statement on Thursday.
Garcia added that “to achieve our growth plans, our total equity investment requirement up to year 2030 is projected to reach P22 billion.”
“Out of this, we target to earmark P15 billion for various renewable energy projects,” he said.
In 2023, Vivant Energy expanded its investment in the small power utilities group (SPUG), resulting in significant increase in its attributable installed capacity from 35 megawatts (MW) to 63 MW.
The company also acquired San Ildefonso Alternative Energy Corp. (SIAEC), a solar power generation facility located in Bulacan with a total capacity of 22 MW.
Vivant Energy also forayed into the wind space via a partnership with Aboitiz Renewables and Vena Energy for the development of a 206 MW wind farm in San Isidro, Northern Samar. The project is expected to be completed in the second quarter of 2025.
Vivant Corp., meanwhile, expressed optimism on sustained growth this year as it continues to invest in energy and water sectors.
“Banking on our sustained revenue and operating income amounting to P2.3 billion for full-year 2023, we see continued growth for this year,” Arlo Garcia Sarmiento, Vivant Corp. CEO, said.
Vivant Corp.’s water strategic business unit Vivant Infracore Holdings Inc., with the brand name Vivant Water, recently had the first water out of the first skid/train of its plant in Isla Mactan Cordova Corp. (IMCC) – making history as the first company to construct a utility-scale seawater desalination facility in the Philippines.
Construction of the 20 million liters per day (MLD) seawater desalination plant in Cordova, Cebu is now estimated at 90% and will be fully operational before the end of the year.
“While we remain focused in the near term to our home market of Cebu and other identified locations, we ultimately aim to be a major player in the water sector with operations in the country,” said Jess Anthony Garcia, Vivant Water president and COO.
