<\/p>\n
CEBU-BASED conglomerate Vivant Corp. is studying the potential for conducting a follow-on offering to assist finance its planned P67-billion investment pipeline through 2030.<\/span><\/p>\n \u201cWe\u2019re studying the potential for doing a follow-on offering also. But in fact, we’ve to think about the market conditions once we do the follow-on offering,\u201d Vivant Chief Finance Officer and Risk Officer Minuel Carmela N. Franco said in the course of the company\u2019s annual stockholders\u2019 meeting on Thursday.<\/span><\/p>\n She said the corporate plans to fund its pipeline of projects through a mix of debt and internal equity.<\/p>\n Vivant is planning around P60 billion in investments for its energy business from 2026 to 2030, particularly for renewable energy (RE) projects and related infrastructure.<\/span><\/p>\n \u201cWe’ve got laid out an ambitious roadmap with total projected investments amounting to P60 billion from 2026 to 2030,\u201d Vivant Chief Executive Officer Arlo G. Sarmiento said.<\/p>\n About 78% of the planned investments will go toward renewable energy projects.<\/p>\n \u201cStabilized by our strong foundation of existing investments in power and water, I’m confident that our projected P60-billion to P70-billion pipeline investments over the subsequent five years will allow us to proceed to deliver on our mission to bring excellence to industries that improve on a regular basis living,\u201d he said.<\/span><\/p>\n Amid ongoing geopolitical tensions within the Middle East, company officials said renewable energy development could help reduce the country\u2019s dependence on imported conventional fuel sources.<\/span><\/p>\n \u201cWe could use more RE. Our dependence on conventional energy sources has made us the most costly, possibly next to Singapore, country when it comes to power costs. And that\u2019s largely due to our dependence on oil, gas, and even coal,\u201d Mr. Sarmiento said.<\/span><\/p>\n Emil Andre Garcia, president and chief executive officer of Vivant Energy Corp., the corporate\u2019s wholly owned energy investment arm, said Vivant is trying to develop as much as 15 energy projects with capacities starting from 30 megawatts (MW) to 300 MW.<\/p>\n \u201cWe\u2019re starting heavy investments this yr, however the heavier ones must be in \u201927 and \u201928, assuming, in fact, that the macros improve, or on the very least, stay where they’re,\u201d he said.<\/span><\/p>\n Vivant currently has an attributable operating generation capability of around 471 MW and is targeting to expand its power portfolio to 1,000 MW by 2030.<\/p>\n For its water business, the corporate is planning one other P7 billion in investments across the water value chain, including bulk water supply, desalination, wastewater, and water distribution projects.<\/p>\n Jess Anthony N. Garcia, president and chief executive officer of Vivant Water, said the investment pipeline is meant primarily to expand the corporate\u2019s desalination, wastewater, and water distribution segments.<\/p>\n \u201cI feel for the water sector, it\u2019s a sector that\u2019s been largely neglected. And I feel due to that, there\u2019s a whole lot of room there to enhance infrastructure,\u201d he said.<\/p>\n Vivant Water is ready to operationalize a desalination plant in Cordova capable of manufacturing as much as 20 million liters of water per day.<\/p>\n Vivant has investments in electric power generation and distribution, retail electricity supply, bulk water supply, wastewater treatment, and water distribution. \u2014 Sheldeen Joy Talavera<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" VIVANT.COM.PH CEBU-BASED conglomerate Vivant Corp. is studying the potential for conducting a follow-on offering to assist finance its planned P67-billion investment pipeline through 2030. \u201cWe\u2019re studying the potential for doing a follow-on offering also. But in fact, we’ve to think about the market conditions once we do the follow-on offering,\u201d Vivant Chief Finance Officer and […]<\/p>\n","protected":false},"author":1,"featured_media":338820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[40655,3904,52007,386,9916,24409],"class_list":["post-338819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-followon","tag-offer","tag-p67b","tag-pipeline","tag-studying","tag-vivant"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/338819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=338819"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/338819\/revisions"}],"predecessor-version":[{"id":338822,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/338819\/revisions\/338822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/338820"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=338819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=338819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=338819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}