Vivant to spend P21B on RE portfolio expansion

MANILA -Cebu-based firm Vivant Corp. will earmark the bulk of its capital expenditure (capex) in the next seven years for the expansion of its renewable energy (RE) portfolio through its power subsidiary, the top official of the company said on Thursday. Vivant president Emil Andre Garcia announced that P21 billion---or more than 75 percent of its total capex until 2030--would be spent on RE projects as it grows its solar energy business through Vivant Energy, a wholly owned subsidiary that manages its power assets. "Vivant Energy is committed to play a meaningful role in energy transformation and to accelerate growth and improvement of power services in the country," Garcia said a...

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