Visayan Electric Company (VECO)

The Visayan Electric Company (VECO) was Vivant’s initial investment and remains the single largest asset in its portfolio.

The shares in VECO were acquired when Vivant was set up through an exchange of ownership by the Garcia-Escaño family which remains Vivant’s largest shareholders. Prior to Vivant, the family had acquired its shares in VECO in the 1920 and currently retains 34.74% of VECO’s shares after decades of shifting ownership.

Visayan Electric Company (VECO) is the second largest electric distribution utility in the Philippines and the largest outside of Metro Manila. Its franchise area includes the cities of Cebu, Mandaue, Talisay and Naga, and the municipalities of Minglanilla, San Fernando, Consolacion and Liloan. Its franchise service covers an area of about 674 km2 with an estimated population of 1.73 million.

VECO utilizes various state-of-the-art technologies in its operations to improve its efficiency and service. It uses a SCADA (Supervisory Control and Data Acquisition) system to remotely monitor and control its electric distribution assets. It also has a GIS (Geographic Information System) to map and manage its facilities.