Vivant Corp. will invest as much P30 billion until 2027 to pursue energy and water infrastructure projects.
Carmela Franco, Vivant senior vice president of corporate shared services and chief corporate officer, told a briefing yesterday the company will fund the capex from the debt market, issuance of green bonds, issuance of corporate notes or syndicated loans.
The company said P25 billion of the amount will be allotted for 600 megawatts (MW) capacity from solar (212 MW), wind (196 MW), solar rooftop (129 MW) and hybrid technologies (62 MW) while the remaining P5 billion will be for bulk water projects, water treatment plants and concessions.
“Most of the RE (projects) will be developed solely by Vivant. There may be one or two projects that we’ll be looking at partnerships especially the wind projects… these are more technically challenging,” said Emil Garcia, Vivant president.
Garcia said around 65 percent of the capacity, mostly solar projects, will be based in Luzon with the balance, including the wind project, to be located in Visayas.
“As far as foreign partnerships are concerned, we look to them for the technical know- how they can bring in. We look at local partnerships (for) the possibility of contracting capacity or even equity,” said Arlo Sarmiento, Vivant chief executive officer.
Jess Anthony Garcia, Vivant senior vice president for infrastructure, said the company eyes projects in potable water, particularly in bulk water supply, a utility scale desalination plant in Cebu as well as preliminary studies on transportation of water.
The P1.8-billion desalination plant, set to be operational by next year, is designed to produce 20 million liters of water per day from pure seawater.
The total capacity of Vivant’s energy projects is at 382 MW. The company is considered as the among the largest power providers in off-grid areas.
