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Brix Lelis - The Philippine Star
November 29, 2025 | 12:00am
Stock photo of a peso money bill.
Philstar.com / Jovannie Lambayan
MANILA, Philippines — Vivant Corp. has tapped a P3-billion loan from Sy-led China Banking Corp. to bolster its financial footing while fueling its expansion plans.
In a regulatory filing, the energy and water conglomerate said its three-year bilateral term loan will primarily be used to refinance maturing debt obligations.
Proceeds from the transaction will also be allocated to the company’s ongoing investments in power and water projects, although further details remain under wraps.
Currently, Vivant has a portfolio of projects at various stages of development, including a six-megawatt run-of-river hydropower facility in Negros Occidental and a 22-MW-peak solar farm in Bulacan.
Also in the pipeline is a 206-MW wind project in northern Samar, which is being developed in partnership with Aboitiz Renewables Inc. and Singapore-based Vena Energy.
Recently, the companies secured approval from the Energy Regulatory Commission to connect the large-scale wind farm to the Visayas grid.
“The company, through its subsidiaries’ business development group, continuously looks for opportunities in the power sector, whether it be via greenfield, brownfield or acquisition,” Vivant said, noting that the projects will be funded via a mix of debt and equity.
For the water business, Vivant, through Vivant Hydrocore Holdings Inc., is developing a utility-scale seawater desalination plant in Cebu, which can produce up to 20 million liters of potable water daily.
The plant, which was in the final stage of testing and commissioning as of end-September, is expected to ensure water security for Metro Cebu, the country’s second-largest urban area after Metro Manila.
“The growth horizon of the company focuses on developing more bulk water supply and expanding its wastewater treatment and water solutions businesses,” it said.
In the first nine months, Vivant saw its attributable net income grow by 12 percent to P1.9 billion from P1.7 billion on a yearly basis.
Core earnings increased by 24 percent year-on-year to P1.9 billion, while revenues were largely flat at P8.9 billion.
