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Vivant Energy signs P3.5-B term loan with BDO UniBank

Business

Vivant Energy signs P3.5-B term loan with BDO UniBank

By Gabriell Christel Galang

At A Glance

Vivant Energy inks P3.5 billion term loan with Banco De Oro Universal Bank (BDO UniBank).<br><br>The loan would be utilized for the company's power generation projects.
Vivant Energy also eyes infrastructure development and has invested in different power value chains.
They are both interested in renewable and non-renewable energy.

Vivant Corporation’s (VVT) subsidiary, Vivant Energy Corp. (Vivant Energy) signed a term loan facility with Banco De Oro Universal Bank (BDO UniBank).

In a disclosure to the Philippine Stock Exchange (PSE), a total of P3.5 billion was inked in agreement to partially finance the investments in the energy corp.’s power generation projects.

The term loan facility would then be repaid to BDO UniBank at a set of schedule, including the fixed or floating interest rate.

According to Vivant, the Cebu-based company has invested in various segments of the power value chain and has currently been expanding in infrastructure development.

They have shown interest in electric power generation for both renewable and non-renewable energy, electric power distribution, and retail electricity supply businesses.

Currently, VVT holds a portfolio of both renewable and non-renewable power generation plants.

Vivant Energy has a total attributable capacity of 377 megawatts (MW).

Related Tags

Vivant Energy Corporation

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