MANILA, Philippines — Transforming its corporate matrix to capture high-margin returns from the country’s green energy transition and municipal utility deficits, a leading Cebuano infrastructure conglomerate is launching its largest-ever financial expansion. Vivant Corporation has officially allocated a massive ₱67-billion capital expenditure (capex) program through 2030 to aggressively scale its power generation and water infrastructure portfolios.
The six-year strategic blueprint was formally presented to stakeholders during the company’s Annual Stockholders’ Meeting, highlighting a major pivot toward long-term concessions and sustainable engineering models.
The ₱67-billion capex program creates a distinct operational split, optimizing resource deployment to balance steady baseline revenues with high-growth utility assets:
[ ₱67-BILLION CAPEX STRATEGIC ALLOCATION ]
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[ POWER SECTOR: ₱52 BILLION ] [ WATER SECTOR: ₱15 BILLION ]
• Rewiring the grid for the **green energy transition**. • Shifting from heavy development into
• Modernizing off-grid island micro-grids. active revenue generation.
• Target: Build a heavily diversified **1,000 MW** asset portfolio. • Expanding bulk treatment, desalination, and sewage concessions.
Backed by its ₱52-billion war chest, Vivant Energy is moving quickly to expand its footprint in both the deregulated on-grid market and isolated missionary electrification zones:
- The Renewable Ramping: The company is fast-tracking solar, wind, and battery storage projects. This follows the successful commercial commissioning of its 49.2-megawatt (MW) Samal Solar Renewable Energy Corp. (SSREC) plant in Bataan.
- The Missionary Micro-Grid Monopoly: Vivant remains a critical life-line for off-grid tourist economies. The group recently secured a 15-year Power Supply Agreement (PSA) to deploy an 11-MW hybrid baseline facility in Siquijor Province, shielding the island from rolling blackouts.
- Capturing the Retail Threshold: Its retail electricity supply (RES) subsidiary, Corenergy, is aggressively signing up corporate commercial accounts ahead of the government’s plan to lower the Retail Competition and Open Access (RCOA) eligibility threshold down to 100 kilowatts (kW).
[Bataan Samal Solar Plant (49.2 MW)] ──► [Siquijor Hybrid Island Micro-Grid (11 MW)] ──► [Corenergy 100 kW RES Expansion]
The ₱15-billion allocation for Vivant Water marks its formal transition from a capital-intensive development phase into a major operational engine. The division is addressing the country’s severe bulk fresh water and sewage treatment deficits:
[ VIVANT WATER CONCESSION MAP ]
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[ BULK DESALINATION ] [ PALAWAN SEWAGE MONOPOLY ] [ ISLAND UTILITY BUYS ]
• Operating the breakthrough • Increased its equity stake • Finalized the full buyout
Isla Mactan Cordova Corp. to **90%** in FLOWs, which of Bantayan Resource
(IMCC) seawater facility holds the sole wastewater and Management to operate
to serve urban Cebu hubs. septage franchise in Palawan. municipal water nets.
The infrastructure push is anchored by a stable financial foundation. Vivant closed out the first quarter of the year with a Core Net Income of ₱313 million, matching its strong performance from the same period last year:
[ FIRST QUARTER INCOME DRIVERS ]
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[ ON GRID SPOT MARKET SALES ] [ COAL & OIL RESILIENCE ] [ WATER TURNAROUND ]
High clearing prices at the Wholesale Traditional baseload facilities provided Vivant Water posted a **₱75-million
Electricity Spot Market (WESM) uninterrupted generation margins net income turnaround**, validating
buoyed overall power revenues. during early summer demand peaks. their transition to active billings.
Management emphasized that its debt-to-equity ratios remain comfortably below conservative covenants. By utilizing a balanced combination of internally generated cash flows and long-term project finance loans from local banking syndicates, Vivant is positioning itself to insulate its balance sheet from macroeconomic shocks while steadily securing vital utility footprints across the Visayas and Luzon.
