Power generation firm Vivant Energy Corp. is keen on hitting 500 megawatts (MW) worth of projects in its portfolio by 2023 from the current attributable capacity of 282 MW.
‘‘We want 20 percent from renewables sector. Currently (in our) portfolio, we’re quite heavy on coal, bunker so we want to make that conscious shift to RE (renewable energy)-centric projects. We know there’s still a place for conventional but we want to have the proper mix,’’ Emil Garcia, the company’s chief operating officer told reporters in a briefing last week.
Garcia said for the RE projects, Vivant is eyeing both greenfield and brownfield opportunities especially for wind and solar resources.
‘‘We want to focus on solar and wind, we have some hydro being developed in our portfolio, but we want to focus on solar and wind. We have some on-grid and we’re looking at one off-grid as well,’’ he added.
Garcia said Vivant is developing one wind project in Eastern Visayas with several partners.
This will have a capacity of 80 to 100 MW.
The project will break ground by the first half of 2021.
Garcia said for this year, the company is setting aside up to P1 billion in capital expenditure.
He said two projects are set for construction this year. One is a 23 MW bunker-fired power plant in Bantayan Island, Cebu whose works will start by April.
Vivant will participate in biddings by several electric cooperatives including a 20 MW in Palawan under the franchise of Palawan Electric Cooperative, a 10 MW for El Nido which is also in Palawan and a 16 MW in Marinduque.
Vivant Energy is a partner in Sabang Renewable Energy Corp. which is the country’s first mini-grid system combining solar panels, batteries and diesel engines equipped with four diesel engines totalling 1.28 MW capacity and a 1.4 MW peak solar energy system.
Vivant is among the largest power providers in off-grid areas with a portfolio of over 40 MW for Small Power Utilities Group power plants which are not connected to the country’s main grid.
