Vivant beefs up war chest with P2.75 billion loan

MANILA, Philippines — Vivant Energy, a wholly owned subsidiary of publicly listed Vivant Corp., is further beefing up its war chest with a fresh credit facility secured.

The company said it has signed a five-year term loan facility agreement with Metropolitan Bank and Trust Co. of up to P2.75 billion.

The loan will be used by Vivant Energy to partially finance its investments in power generation projects and other capital expenditure requirements.

Last week, Vivant Energy secured a five-year term loan facility agreement of up to P3.5 billion from BDO Unibank Inc.

The loan will also be utilized to partially finance the company’s investments in power generation projects.

Vivant is a listed holding and management company with interests in infrastructure development, mainly but not limited to various segments of the power value chain, to fulfill its mission of bringing excellence to industries that improve everyday living.

Vivant Energy serves as the holding company for Vivant’s investments in power distribution and generation, retail electricity services and energy-related engineering solutions.

The company combines existing and emerging technologies to provide energy solutions.

It has also been energizing off-grid and remote schools through solar and upgrading the electrician’s course in nearby senior high schools to include knowledge on solar energy.

Vivant Energy is among the nine companies which are eyeing to participate in the first-ever bidding for the development of microgrid systems in the country.

The company has pre-qualified to bid for the competitive selection process of the Department of Energy for the microgrid systems provider after being able to submit complete eligibility requirements.

The winning MGSPs will be in charge of the construction, installation, maintenance, and operations of microgrid systems to provide 24/7 electricity services for all existing and projected households in the selected remote areas in the country.