Vivant Corp. expressed intention to further strengthen its initiatives under the environment, social and governance (ESG) framework to ensure the sustainability of its business endeavors and host communities with up to P37 billion worth of investments until the end of the decade.
Arlo Sarmiento, Vivant Corp. chief executive officer, said in a statement part of the goal is to make renewable energy 30 percent of its power generation portfolio by 2030.
Sarmiento said Vivant is also taking an integrated approach in addressing water shortage problems.
Emil Andre Garcia, Vivant president, added subsidiary Vivant Energy is looking at investing as much as P21 billion on RE, making up more than 75 percent of total capital expenditures up to year 2030.
Garcia said part of the investments is the recent acquisition of San Ildefonso Alternative Energy Corp. which will develop a 22 megawatts (MW) solar power plant in Bulacan as well as subsidiary, COREnergy’s target to add 18 MW of rooftop solar capacity this year from the existing 6 MW.
Garcia said wind and solar technology will contribute to surpassing its RE target.
The company said it will continue investments in off-grid areas with the recent acquisition of the shareholding of Gigawatt Power Inc. in several power generation facilities.
Vivant Energy now has full ownership of Isla Mactan Power Corp. which operates the 23.3 MW diesel power plant that provides power in Bantayan Island, Cebu.
The group, under Vivant Foundation, also expanded its solar energization program to Coron, Palawan by installing a 15.12-kilowatt peak solar photovoltaic system at the Banuang Daan Elementary School while also upgrading the tech-voc electrical installation and maintenance track of the Coron School of Fisheries.
Meanwhile, Vivant Infracore Holdings Inc. which manages the Vivant Group’s investments in water solutions is looking at investing about P16 billion on greenfield and brownfield opportunities in water resource utilization and wastewater engineering over the next five years.
The company said such opportunities will help many areas in the country address not only water supply challenges but the threat posed by untreated wastewater on vital ecosystems.
