By Lenie Lectura - November 4, 2019
VIVANT Integrated Diesel Corp.
(VIDC), a wholly-owned subsidiary of Vivant Energy Corp. (VEC), was awarded a 15-year
power supply contract by Bantayan Island Electric Cooperative Inc.
(Banelco).
VIDC is a wholly-owned subsidiary of
VEC and Gigawatt Power Inc.
VEC is a subsidiary of listed firm
Vivant Corp.
“Vivant Corp. was given notice of
the award of the contract by its wholly-owned subsidiary, Vivant Energy,” it
reported.
Under the power supply
agreement, VIDC will supply 15 megawatts (MW) to Banelco to keep up with the
growing demand in the island.
“Banelco concluded a successful
competitive selection process by awarding a 15-year contract to supply 15 MW of
the island’s energy requirements to the joint venture of VIDC. The project will
add to the capacity of Vivant Energy, as it continues to focus its growth in
the off-grid small power utilities group [Spug] sector,” Vivant said.
VIDC and Banelco will soon
sign the power deal. After which, they will seek approval from the Energy
Regulatory Commission (ERC) to implement the power supply agreement.
Banelco said peak demand for
mainland Bantayan grew by 6 percent in 2018. Demand is expected to grow by 10
percent annually from 2019 onward.
By 2027, Banelco’s power demand is
forecast to reach 13 MW, almost three times more than its present capabilities.
VEC is known for being the first to
operate a smart hybrid power plant facility in an off-grid area through the
Sabang Renewable Energy Corp. (SREC) and the first New Power Provider (NPP) in
Palawan through Delta P Inc.
Overall, the VEC is one of the
largest power providers in Spug areas. with a diverse portfolio of over 40
MW.
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