OUR BUSINESS
Established in 2002, Vivant Corporation is a publicly listed company in the Philippines Stock Exchange (PSE Symbol: VVT). The Company operates under the ownership and representation of the Garcia-Escaño Family of Cebu with the aim of bringing excellence to industries that improve everyday living.
Since the 1920s, through its subsidiaries and associates, the Company has been in the business of electric power generation, electric power distribution and retail electricity supply in the Philippines.
1900
The entry into the power industry dates back to the early 1900s when the Family diversified its business interests (mainly shipping and trade) to include electricity power distribution when it took over the operations of the Visayas Electric Company (VECO). VECO was the power distribution utility serving the electricity requirements of the City of Cebu and its surrounding municipalities.
1945
The Second World War caused significant damage in the facilities of VECO. It was during the close of the war in 1945 that initiatives of VECO, alongside with the US Army, allowed the resumption of its operations to its pre-war levels. Staff levels were beefed up, while investments in new machineries and equipment poured in. Currently, VECO stands as the second largest privately owned electric power distribution utility in the Philippines in terms of annual gigawatt-hour (GWh) sales.
2007
Cebu Private Power Corporation (CPPC), a 70 MW diesel power plant was purchased by Vivant.
2007
Purchased Delta P Incorporated (Delta P), a 16 MW diesel fueled power plant located in Palawan.
2011
1590 EC, a 225 MW diesel power plant, was acquired by Vivant under a lease contract on November 2011.
2011
Cebu Energy Development Corporation (CEDC), a 246 MW fossil-fuel plant plant, broke ground last January 2008 and commenced operations on February 2011.
2013
Commercial operations for Calamian Islands Power Corporation (CIPC) Coron (8 MW diesel plant) started in 2013 & Busuanga (750 kw diesel plant) in 2014.
2017
6 MW run of river Vivant Malogo Hydropower Incorporated (VMHI) is projected to commence on 2019
2017
Investment in 300 MW fossil fuel-fired Therma Visayas Incorporated (TVI) broke ground on the first quarter of 2015. The first unit is expected to be connected to the grid by end 2017, with the second following three months thereafter.