Vivant allots P67B for power, water expansion

Cebu-based Vivant Corp. will spend P67 billion to finance several power and water projects through 2030, even as the country reels from the impacts of the Middle East war.

Arlo Sarmiento, CEO of Vivant, said at the annual stockholders’ meeting that the group would spend about P60 billion for the rollout of more energy projects with a greater focus on renewable energy.

The massive capital spending would help Vivant scale up its portfolio to 1,000 megawatts (MW), with at least 30 percent coming from clean assets.

As of end-2025, the group’s capacity was at 471 MW.

Emil Andre Garcia, president and CEO of Vivant Energy, said in a media briefing Thursday that about 10-15 projects are targeted for the energy sector, with capacities ranging from 30 MW to 300 MW,

Vivant hopes that these investments will make it a “major power conglomerate” by 2030.

Despite macroeconomic challenges, caused by widespread public infrastructure corruption and oil spikes, Sarmiento said Vivant remains bullish.

“Yes, GDP (gross domestic product) is down, inflation is up, interest rates are going up, but we’re still quite bullish on RE (renewable energy) especially,” he told reporters.

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“We could use more RE. Our dependence on conventional energy sources has made us the most expensive, maybe next to Singapore, country in terms of power costs. And that’s largely because of our dependence on oil, gas and even coal. So, there’s definitely space there. There’s room for RE,” Sarmiento added.

The push for more renewable energy facilities was highlighted anew as the elevated fuel prices triggered by the bombing attacks in the oil-producing region have threatened an uptick in local electricity rates.

Meanwhile, a total of P7 billion is earmarked for its water projects, particularly Vivant’s expansion in the desalination and wastewater segments, as well as for its distribution networks.