Vivant Corporation
(12-06-2017, 08:51 AM)Ollie Wrote: ...pagalawin kaya ito today?

Quickie lang kung gagalaw. Sakit maipit dito
Vivant Corp bags 5-year contract to operate Bauang power plant

Cebu-based Vivant Corp., owned by the Garcia-Escano family, has bagged a five-year contract to operate and maintain the Bauang Diesel Power Plant in La Union.

In a disclosure to the Philippine Stock Exchange, Vivant said its subsidiary 1590 Energy Corp. was awarded a five-year lease of the 215-megawatt diesel bunker-fired power plant, giving it the right to operate and maintain the power plant.

“Following an unsolicited proposal, which was subjected to a Swiss Challenge, the Provincial Government of La Union awarded a five-year lease contract to Vivant-led 1590 EC for the Bauang Diesel Power Plant, which supplies the peaking demand for power in the Luzon grid,” it said.

The Bauang plant adds to Vivant’s current portfolio of power projects. Vivant is involved in electric power generation, power distribution and retail electricity supply in the Philippines, particularly in Luzon and Visayas.

Through Vivant Energy Corp. (VEC), the holding firm bagged several strips of energy from Unified Leyte Geothermal Power Plants (ULGPP) in a bidding conducted by the Power Sector Assets and Liabilities Management Corp. (PSALM) in 2013.

It took management and control over “strips of energy” in 2014.

VEC also owns 50 percent of Coron-Busuanga generation facilities of Calamian Islands Power Corp. (CIPC).

In early 2017, VEC partnered with ET Energy Pilipinas Holding Corp. (ETPHC), a Chinese company to put up a joint venture to develop rooftop solar installations on commercial and industrial sites in the Philippines.

VEC shall own 60 percent while ETPHC shall own 40 percent equity in the joint venture firm.

Meanwhile, Vivant has firmed up its partnership with Global Business Power Corp. (GBP) to put up a 670-megawatt (MW) coal-fired power plant in La Union, solidifying their entry into Luzon.

Both firms have signed a pre-development agreement (PDA) to build a 2x335-MW coal-fired power plant in Luna, La Union, which will be constructed under Lunar Powercore Inc., a special purpose vehicle Global Luzon Energy Development Corp. (GLEDC).

GLEDC will undertake the financing, design, procurement, construction, testing, commission, operation and maintenance of the coal-fired power plant.

Vivant and GBP have allocated the amount of P450 million for the activities to be conducted under the deal.

The power project is scheduled to become start commercial operations by 2022.



Cebu power firm building Palawan plant

Cebu City – A Cebuano energy firm launched Tuesday its second hybrid power plant in Palawan.

Vivant Corporation Chairman Emil Garcia said the company already has a hybrid plant in Bantayan Island, Cebu, since last January.

Vivant also launched a solar electrification project for the Hilotongan Island Integrated School, an islet off Bantayan, Garcia said.

The Palawan plant will bring renewable and reliable energy to Barangay Cabayuan, in the capital city of Puerto Princesa, “and we are proud to become part of a project that supports the economic development of the province,” he said.

The firm has partnered with WEnergy Global and Gigawatt Power, Inc. to form the Sabang Renewable Energy Corporation (SREC), a renewable energy developer that is registered with the Department of Energy (DOE).

The organization aims to provide households and business establishments in small island communities with a steady electricity supply, Garcia added.

The project is expected to be operational in 2019 and will be operated by SREC under an Energy Regulatory Commission-approved Qualified Third Party (QTP) Agreement with the Palawan Electric Cooperative (PALECO).

As a QTP, Sabang Renewable Energy will distribute electricity in Barangay Cabayugan, which has been waived from PALECO’s franchise area, Garcia said.

Only a few households and tourism-related establishments in the area have three to six hours of electricity from small diesel generators.

“With the launching of the hybrid power plant, the SREC project can provide electricity to the more than 650 residential, public, and commercial establishments in the area,” Garcia said.



Vivant earmarks P3.3B for various projects until 2020

Listed Cebu-based energy firm Vivant Corporation on Thursday, June 21, said it plans to invest P3.3 billion in various projects between 2018 and 2020 as it continues to focus on the off-grid small power utilities group (SPUG) sector.

The company has invested in a 2.68-megawatt (MW) hybrid power plant being built by Sabang Renewable Energy Corporation (SREC) as well as in a 6.07-MW renewable hybrid project contracted to the Busuanga Island Electric Cooperative (Biselco). Both projects are in Palawan.

The company will also participate in the construction of a 670-MW coal-fired power plant in La Union, Arlo Sarmiento, Vivant executive vice president and COO, said during the company's annual stockholders' meeting Thursday in Cebu City.

The facility, which will be built by the Global Luzon Energy Development Corporation (GLEDC), is in the pre-development stage.

"The off-grid SPUG market continues to be a priority growth area for Vivant," Sarmiento said.

"By investing in projects like these, we fulfill our commitment to contribute to the inclusive growth of Filipino communities around the country," he added.

 The SREC project is being undertaken in Puerto Princesa, Palawan, where the Underground River is situated. It will consist of a solar/battery system and diesel-fired generators.

"Our target is to produce 50 percent from the solar/battery system," said Emil Garcia, Vivant vice president for operations. Vivant holds a 30-percent equity in SREC.

The other hybrid power project through Culion Renewable Energy Corporation (CREC) is located in Culion and Linapacan in northern Palawan.

The company will also be looking at other islands in the Visayas, which are still being powered by generators operated by the National Power Corporation, Sarmiento said.

Aside from investing in utility-scale generation projects, Vivant is also building its solar rooftop business through ET Vivant Solar, a partnership with the local unit of China-based ET Energy that aims to serve commercial and industrial users with a minimum requirement of 100 kilowatts.

Mark Habana, vice president for commercial affairs, said they have signed contracts to supply 9 MW to 12 customers in Bulacan, Isabela and Cebu. The target this year is to increase the contracted supply to 10 MW, he added


10-15 lang sa VVT Smile

Vivant units sell 48% stake in renewable energy firm

CEBU-BASED Vivant Corp. said on Friday that two of its subsidiaries sold their shares in a northern Luzon renewable energy company that has an independent power producer (IPP) administrator contract with the government.

In a disclosure to the stock exchange, Vivant said its subsidiaries Vivant Energy Corp. and Vivant Renewable Energy Corp. sold their respective stakes in Vivant-Sta. Clara Northern Renewables Generation Corp.

The stakes, equivalent to 48% of Vivant-Sta. Clara, were sold to Northern Renewable Energy Corp.

“Vivant will continue to develop and explore new opportunities in power generation, including renewable and conventional technologies that are viable and designed to adapt to the changing needs of energy consumers,” said Vivant Chief Operating Officer Arlo A.G. Sarmiento in a statement.

Vivant-Sta. Clara is the administrator of the 70-megawatt (MW) capacity Bakun hydroelectric power plant in Bakun, Alilem, Ilocos Sur.

Shem Jose W. Garcia, Vivant assistant vice-president for corporate communication, said in a text message that the new owner is different from a similar-sounding entity that the company used to own.

“We can disclose that our own partners have also sold their stake so the new owners now own 100% of the project,” he said.

He declined to disclose details of the ownership of Northern Renewable “as it is not our own company or publicly-listed.”

Mr. Garcia described the move to unload the shares as having taken place “in the normal course of business.”

“[A] good offer was presented to us and we said yes,” he said.



Forum Jump:

Users browsing this thread: 1 Guest(s)