Vivant Corp. plans to invest up to P6.4 billion until 2023 for power and water infrastructure projects.
In a virtual briefing yesterday, Emil Andre Garcia, executive vice president and chief operating officer of subsidiary Vivant Energy Corp., said P5 billion will be spent for the power business.
Garcia said Vivant plans to hike its portfolio from 387 megawatts (MW) to 500 MW by 2023 with a focus on renewable energy (RE).
Vivant said for this year, P3 billion has been allotted for the power business as the company is poised to finalize project sites in Luzon and Visayas before the end of the year.
These are hybrid of solar and oil and bunker plants, wind as well as battery storage.
Jess Anthony Garcia, Vivant senior vice president, said P1.4 billion will be allotted for the water infrastructure business until 2023.
Vivant’s first investment in the sector is in Watermatic PH in partnership with an Israeli company in 2019. The water engineering company designs and builds water and wastewater treatment plants for municipal, commercial and industrial systems.
The company said it intends to expand to different segments of the water industry value chain including bulk water supply, desalination plants, waste water treatment plants and water distribution systems in key areas in the country.
Vivant is also eyeing transport infrastructure such as roads and tollways. – Jed Macapagal
