Vivant readies PH’s first large-scale desalination plant in Cebu

June 20, 2024
6:51PM PHT

Vivant Corporation, a Cebu-based energy and water conglomerate, announced during its annual stockholders' meeting that its 20-million liters per day seawater desalination plant in Cordova, Cebu, is now 90% complete and will be fully operational by the end of 2024.

This plant, developed by Vivant Infracore Holdings, Inc. (Vivant Water), marks the first utility-scale seawater desalination facility in the Philippines, the company said in a disclosure to the Philippine Stock Exchange.

CEO Arlo Garcia Sarmiento highlighted the company's strong financial performance, with a P2.3-billion operating income for 2023, paving the way for continued growth in 2024.

The company's water unit has seen significant gains, including a 32% increase in equity earnings from its Puerto Princesa operations.

Vivant Energy, the company’s energy arm, also posted impressive results, contributing P3.1 billion in income, driven by expansions in renewable energy projects.

Vivant’s strategic investments aim to advance energy transformation and water infrastructure in the country.

RANGEBOUND. Vivant's one-year historical price performance on the local bourse. CLICK ON THE IMAGWE TO SEE FULL GRAPH (Courtesy of the Philippine Stock Exchange)
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