Vivant Corp. subsidiary, Vivant Hydrocore Holdings Inc. (VHHI) was awarded by the Metropolitan Cebu Water District (MCWD) with a 25-year bulk water supply agreement.
In a disclosure to the Philippine Stock Exchange, Vivant said MCWD concluded a successful bid for the Cordova bulk water supply project through a solicited proposal with VHHI as the private sector proponent and Watermatic Philippines Corp. as its technical partner.
VHHI will build a utility scale desalination plant that will augment the limited bulk water supply of MCWD by 20,000 cubic meters per day of treated and potable water.
As part of the deal, Vivant will also sign a joint venture agreement with MCWD to govern the relationship of the parties as joint venture partners.
The Cordova desalination project is aligned with Vivant’s mission to provide forward-looking and adaptable solutions to improve everyday living in Metro Cebu. The project is the Vivant Group’s contribution to MCWD’s efforts to find an integrated solution to Metro Cebu’s water needs,” the company said in a statement. – Jed Macapagal
