Vivant, subsidiary ink PSA with PELCO II – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published February 24, 2021, 7:30 AM
Garcia-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri.
In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its subsidiary firm Amberdust Holding Corporation (AHC), they will be acquiring 90-percent of the outstanding shares of the Bukidnon Power Corporation (BPC) and North Bukidnon Power Corporation.
The majority shares purchase will require Vivant to pay P205,539,482.54 to seller BPC; and another P228,282,140.96 for the shareholdings of North Bukidnon Power. The two firms are owned by the lawmaker, whose family and vast properties are in Bukidnon.
Published December 16, 2020, 6:00 AM
Consumers being served by the Bantayan Island Electric Cooperative (BANELCO) could expect full electrification of the entire area by year 2022, based on the energization program being cast by the power utility.
As noted by BANELCO General Manager Lee Rivera, “our main objective is total electrification of every household in our franchise area consistent with the national government’s strategy.”
Photo credit: https://banelcobantayan.com/
The island is being touted as the ‘next major tourist destination’ in the country, and for this goal to flourish, it was noted that the provision of efficient and reliable energy services could be among the driving forces to it.