Cebu-based publicly-listed company Vivant Corp. plans to invest P30 billion on renewable energy and infrastructure in the next three to five years.
Vivant chief executive Arlo Sarmiento said during the annual stockholders’ meeting the company would invest P25 billion, or the bulk of the capital expenditures, on renewable energy investments.
The company is developing nearly 600 megawatts of RE projects. These include solar (212 MW), wind (196 MW), solar rooftop (129 MW) and hybrid power projects (62 MW).
“The total cost of all these RE projects is approximately P25 billion,” Sarmiento said.
Vivant president Emil Garcia said the company would undertake most RE projects on its own. “There may be one or two projects that we’ll be looking at partnerships, especially the wind projects since these are more technically challenging,” he said.
[Alena Mae Flores]