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Manila Bulletin devider Business devider The Stock Market devider Vivant Energy secures 15-year power deal for Palawan

Vivant Energy secures 15-year power deal for Palawan

Published Mar 26, 2025 09:12 am

VIVANT CIPC x BISELCO

Vivant Energy Corporation has announced that its subsidiary, Calamian Islands Power Corp. (CIPC), has entered into a power supply agreement (PSA) with Busuanga Island Electric Cooperative, Inc. (BISELCO) to address Palawan’s rising energy demand.

In a disclosure to the Philippine Stock Exchange on Wednesday, March 26, CIPC confirmed the 15-year PSA, which secures a 24-megawatt (MW) contracted capacity for Busuanga and Coron.

The agreement is a response to the growing power demand in Palawan, fueled by rapid economic expansion driven by tourism and local industry growth.

This collaboration builds upon their initial 2011 PSA, continuing efforts to ensure power reliability for residents, commercial, and industrial users in Palawan. Once government and regulatory approvals are secured, the new capacity will be added.

BISELCO General Manager Ruth L. Fortes stated, “This new PSA will bring great opportunity for the Calamian Group of Islands for its infrastructure development. It will pave the way for a continuous and reliable power supply, ensuring fully lit households and businesses throughout Calamian.”

CIPC President Eric Omamalin assured the company's commitment to delivering sufficient power to Palawan residents.

“Vivant Energy is committed to creating solutions to our changing world by delivering reliable energy systems. Our partnership with BISELCO ensures that the Calamian Islands have a stable and sustainable power supply to support economic growth and enhance everyday life,” Omamalin said.

“This agreement reflects our dedication to investing in long-term, adaptive solutions that empower communities and drive progress,” he added.

Earlier in the week, Vivant reported a 20 percent increase in its net income, with its consolidated core net income (CCNI) growing by ₱2.3 billion in 2024, attributed to its power generation expansion.

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