SUBSIDIARIES AND ASSOCIATES

Therma Visayas Incorporated (TVI)

The 300-MW coal-fired power plant of TVI, located in Toledo City, aims to address the increasing demand for baseload power in the Visayas grid. The plant serves the franchise area of the Visayan Electric Company (VECO) and other electric cooperatives in Cebu. The TVI plant, in which Vivant owns a

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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

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Vivant Energy Corporation (VEC)

Vivant Energy Corporation, a fully owned subsidiary of Vivant Corporation, manages the investments in energy distribution and generation, retail electricity supply and energy-related engineering solutions in Luzon, the Visayas and Mindanao.

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