Vivant Energy And Water Firm Sees Sustained Growth And More Milestones In 2024

Energy and water conglomerate Vivant Corporation has expressed optimism that it will sustain the impressive performance achieved in 2023 and reach more milestones this year.

Vivant Infracore Holdings, Inc., branded as Vivant Water, recently announced its production of water from the first skid (or train) of its plant in Isla Mactan Cordova Corp. (IMCC). I Photo: Vivant Corporation Facebook

The company disclosed to the Philippine Stock Exchange (PSE) that it is banking on its sustained revenue and operating income amounting to PHP2.3 billion for full-year 2023 to propel growth in 2024.

Arlo Garcia Sarmiento, Chief Executive Officer of Vivant Corporation, highlighted, “We are extremely proud of how we’ve been able to move the country forward with our significant investments in energy and water.”

He noted that Vivant posted a 43% year-on-year growth in its bottom line for 2023, mainly driven by the solid financial performance of the company’s energy strategic business unit, Vivant Energy Corporation (Vivant Energy).

The energy unit had a total income contribution of PHP3.1 billion, a 36% increase from the previous year, he added.

Sarmiento further discussed Vivant Energy’s 2023 milestones, which include the company’s expanded investment in the small power utilities group (SPUG), resulting in a significant increase in attributable installed capacity from 35MW to 63MW.

Another milestone, he said, was the company’s acquisition of San Ildefonso Alternative Energy Corp. (SIAEC), Vivant Energy’s first utility-scale solar power generation facility located in Bulacan with a total capacity of 22MW.

Vivant also made its first foray into wind energy via a partnership with Aboitiz Renewables and Vena Energy for the development of a 206MW wind farm in San Isidro, Northern Samar, which is expected to be completed in the second quarter of 2025.

Emil Andre Garcia, President of Vivant Energy, emphasized, “Our total equity investment requirement up to the year 2030 is projected to reach PHP22 billion. Out of this, we target to earmark PHP15 billion for various renewable energy projects.”

The company’s water strategic business unit, Vivant Infracore Holdings, Inc., branded as Vivant Water, recently announced its production of water from the first skid (or 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.

To date, Vivant Water has invested PHP2 billion in water infrastructure, including its project in Puerto Princesa, Palawan.

Atty. Jess Anthony Garcia, President and COO of Vivant Water, stated, “While we remain focused in the near term on our home market of Cebu and other identified locations, we ultimately aim to be a major player in the water sector nationwide. We expect a total investment of about PHP8 billion over the next five years.”