By The Financial District
Jun 21, 20211 min
Vivant Corporation was given notice by its wholly-owned subsidiary, Vivant Hydrocore Holdings Inc. (VHHI), that a twenty-five (25)-year Bulk Water Supply Agreement was awarded by the Metropolitan Cebu Water District (MCWD) to the company.
In its disclosure to the Philippine Stock Exchange today, Vivant said that MCWD concluded a successful bid for the Cordova Bulk Water Supply Project through a solicited proposal with VHHI as the private sector proponent and Watermatic Philippines Corporation (WMP) as its technical partner.
VHHI will build a utility-scale desalination plant that will augment the limited bulk water supply of MCWD by twenty thousand cubc meters (20,000 cu.m) per day of treated and potable water.
This investment in bulk water supply is a key milestone for the Vivant group to deliver on its promise to provide forward-looking and adaptable solutions for its communities.
The Vivant Group will sign a Joint Venture Agreement with MCWD to govern the relationship of the parties as joint venture partners.
VHHI is a wholly-owned subsidiary of Vivant Infracore Holdings Inc., which is in turn wholly owned by Vivant Corporation. VHHI holds the Vivant group’s water infrastructure investment portfolio.