Cebu-based Vivant Corp. is lining up a hydropower plant in Negros and a bunker-fired facility in Palawan, an official said Monday.
Johnny Roxas, Vivant assistant vice president, said the greenfield projects have an initial capacity of 6 and 7 megawatts, respectively.
He said permits and other clearances are being worked out with the authorities.
Roxas said the company was also eyeing coal projects but had yet to firm up a timetable.
Vivant recently issued a statement that it “continues to look out for other power generation projects to add to its portfolio and has a number of these now under study.”
Roxas said Vivant, as one of the prequalified bidders of the Unified Leyte contracts, is still interested in the rebidding.
Government will hold another round of bidding of the Unified Leyte contract administrators within the year.
“As one of the five pre-qualified bidders, definitely we are interested but we have to wait for the PSALM to come out (with the terms of reference),” he said.
Vivant, whose shares are listed at the Philippine Stock Exchange, reported last week that it posted a consolidated net income after tax of P793 million, up 48 percent increase compared to its 2010 earnings.
This translates to an earnings per share of P0.0641 and a boost in equity of 15 percent.
Vivant, which is into both distribution and power generation business, has substantial equity in the Visayan Electric Company Inc., the second largest utility company in the Philippines and a stake in Cebu Private Power Corp., owner and operator of one of the largest diesel power plants on the island.
The company also has interests in Amlan Hydro Power Inc., operators of the 0.8 MW run-of-river power plant in Amlan, Negros Oriental, 35 kilometers north of the provincial capital, Dumaguete City.
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