Stock Information

VVT | VIVANT CORPORATION

Sector: INDUSTRIAL | Sub-Sector: ELEC., ENERGY, POWER & WATER

Vivant Corporation (VVT) was incorporated on May 28, 1990. The Company, through subsidiaries and affiliates, has interests in various companies engaged in electric power generation (renewable and non-renewable energy), electric power distribution, and retail electricity supply business. The Garcia-Escaño Family of Cebu owns approximately 76% of the outstanding capital stock of VVT as of December 31, 2024.

Starting in 2007, VVT, through its subsidiaries and affiliates, started its foray into the power generation business via equity investments in the following generation companies: Cebu Private Power Corporation, owner and operator of a 70 megawatts (MW) diesel-fired power plant in Cebu; Delta P, Inc., owner and operator of a 16 MW diesel-fired power plant in Palawan; and Cebu Energy Development Corporation, a project company that owns and operates a 246 MW coal-fired power plant in Toledo City, Cebu.

In May 2017, VVT entered into a joint venture with ET Energy Pilipinas Holding Corporation. In the same year, VVT signed a pre-development agreement to jointly participate in a project that will involve the construction and operation of a 2x335 MW coal-fired power plant undertaken by Global Luzon Energy Development Corporation where the Company will have 42.5% ownership.

As of end-2024, VVT's subsidiary, Vivant Energy Corporation, holds all of the Company's interests in the electric power generation business. To date, VVT has built a portfolio of non-renewable power generation plants with total attributable capacity of 451 MW.

Source: SEC Form 17-A (2024)