PUBLICLY listed Cebuano company Vivant Corp. announces plans to invest further in energy and water infrastructure, including bulk water supply and wastewater treatment as it maintains an optimistic outlook amid the lingering effects of the Covid-19 pandemic.
“2019 was our most successful year so far,” Vivant Corp. president Arlo A.G. Sarmiento said during the virtual Annual Stockholders’ Meeting on Sept. 11.
In 2019, Vivant Corp. reported a net income attributable to parent of P2.34 billion, a 35 percent increase over 2018’s P1.73 billion. Vivant’s income is driven mainly by its power generation business.
Vivant Energy executive vice president and chief operating officer Emil
Andre Garcia announced plans to invest over P2 billion in renewable and energy storage technologies, as well as in the hybridization of existing power plants.
“We plan to look into new technologies and improvements into existing technologies that would help us grow our presence in the industry while promoting more sustainable energy,” said Garcia.
“Despite the challenges presented by the pandemic, we are well situated to carry on and thrive by adapting and future-proofing our investments in power. To continue supporting Vivant’s mission of bringing excellence to industries that improve everyday living, Vivant Energy will continue to grow its position in the power industry so Vivant can endeavor to enter into new waters,” he added.
Vivant Energy is the holding arm of power-related investments of publicly listed Vivant Corp. With Vivant Energy focusing on growing the power business, Vivant Corp. has been active in looking for opportunities in water-related industries.
Vivant’s senior vice president for business development for infrastructure Jess Anthony Garcia said Vivant Corp. is looking at providing water supply solutions, particularly in water-parched Cebu, but also in other key areas in the country.
“We are looking at different aspects of the water industry value chain. We intend to address the water problems in Cebu and other key areas in the country by looking at opportunities for bulk water supply, water distribution, waste water treatment and water engineering and solutions,” he said.
Vivant, a wholly owned subsidiary Vivant Hydrocore Holdings Inc. has partnered with Israeli company Watermatic International to develop solutions for bulk water supply and water treatment for industry and agriculture. One of the projects that the group is developing with partners is a wastewater treatment facility in Puerto Princesa City, Palawan.(PR)