Vivant investing P22b until 2030

By Alena Mae S. Flores – June 20, 2024, 7:05 pm
from manilastandard.net

Publicly-listed and Cebu-based energy and water conglomerate Vivant Corp. said Thursday it earmarked P22 billion in investments up to 2030.

“Banking on our sustained revenue and operating income amounting to P2.3 billion for full-year 2023, we see continued growth for this year,” said Vivant Corp. chief executive Arlo Garcia Sarmiento.  “We are extremely proud of how we’ve been able to move the country forward with our significant investments in energy and water.”

Vivant posted a 43 percent year-on-year growth in its bottomline for 2023, driven by the solid financial performance of the company’s energy strategic business unit Vivant Energy Corp.  The energy unit had a total income contribution of P3.1 billion, a 36-percent jump from the previous year. Vivant Energy achieved several milestones such as expanded investment in the Small Power Utilities Group (SPUG) which resulted in significant increase in attributable installed capacity from 35 MW to 63 MW.