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.
