Garcia-led Vivant Energy, a wholly-owned subsidiary of publicly listed Vivant Corporation, has announced plans to acquire the shareholdings of its partner Gigawatt Power Inc. in corporate units that provide electricity in off-grid areas. As emphasized, Gigawatt Power Inc. has 50-percent equity in...
CORON, Palawan—Seventeen-year-old Darlene U. Factor saw how lack of electricity in several islands in Coron, Palawan has affected living conditions of residents and the education of children and young people like herself. “Hirap talaga ang buhay sa isla kasi walang kuryente. Nung nakita ko...
Vivant Corp. posted a net income of P1.60 billion last year as its power business unit continued to drive earnings while its infrastructure business unit started to post gains. In a disclosure to the Philippine Stock Exchange, the firm said it recognized P53.59 million in non-recurring income in...
The energy subsidiary of Garcia-led Vivant Corporation has cemented the deal on its acquisition of the 22-megawatt peak (MWp) solar farm project in San Ildefonso, Bulacan for a transaction valued at $15.5 million. In a disclosure to the Philippine Stock Exchange (PSE), Vivant indicated that in...
COREnergy Inc., a subsidiary of listed firm Vivant Corporation, has installed the solar rooftop facility at the 22-storey JEG Tower in Cebu, the very first high-rise commercial building in the province to embrace the technology solution for its energy needs. The installation at the building owned...
Infrastructure builder Vivant Corporation reported that its subsidiary is investing an initial P283 million to acquire a project company that will own and operate a solar power plant facility in Bulacan. In a disclosure to the Philippine Stock Exchange, the firm said it was given notice by...
Publicly listed Vivant Corporation reported a 34 percent decrease in net income to P943 million year-one year due to the impact of Typhoon Odette and the challenging macroeconomic conditions. In a disclosure to the Philippine Stock Exchange, the holding company with investments in energy and water...
The EU-funded Renewable Energy for Livelihood and Youth (RELY) project of the corporate foundation of Garcia-led Vivant Corporation has completed the energization of at least 16 off-grid schools via solar power that subsequently provided livelihood to women in communities. Given that achievement,...
COREnergy, which is the power retailing arm of listed firm Vivant Corporation, is targeting to sustain upturn in capacity sales to contestable customers next year and for it to log further demand growth beyond 2023. As indicated by Vivant President Emil Andre M. Garcia, “overall, the performance...
Garcia-led Vivant Corporation has earmarked capital spending of P30 billion for renewable energy (RE) and hybrid power facilities as well as infrastructure projects that it will be pursuing within the next three to five years. During the company’s annual stockholders’ meeting, Vivant Chief...
The provincial government of La Union has formally awarded the ownership of the 225-megawatt Bauang diesel power plant to 1590 Energy Corporation (1590 EC), a subsidiary of Garcia-led Vivant Energy Corporation. The notice of award to 1590 EC was formally served on April 6, after the company...
Cebu-based investment holding firm Vivant Corporation reported a 25 percent hike in core net income to P1.73 billion last year from the P1.38 billion earned in 2020. In a statement, the firm said it ended the year 2021 with a total consolidated attributable net income of P1.78 billion, an increase...
