Vivant Corp. to construct hydropower plant in Negros Occidental

A hydropower plant harnessing the power of the Malogo River will be constructed in Negros Occidental with the aim of reducing greenhouse gas emissions. In a disclosure to the Philippine Stock Exchange, Vivant Corporation of Cebu estimated that its planned power plant in Brgy. Kapitan Ramon, Silay will cost P1 billion to build and will save approximately 60,000 barrels of imported oil worth about $6 million annually. "The Malogo project will provide Negros Island with dependable, clean and competitively priced power," Vivant vice president for corporate planning Emil Andre Garcia said. The construction will consist of three phases, the first of which will have a total output of six megawatts and is expected to be commissioned before the year’s end. The construction of the plant is expected to generate more than 400 local jobs. Vivant is a publicly listed firm with its holdings focused on energy distribution and services, and says it is currently studying a number of power generation projects to add to its portfolio. It co-owns Visayan Electric Company (VECO), the country’s second largest utility company in the Philippines. Another of its subsidiaries is the Cebu Private Power Corporation, which operates one of the largest diesel power plants in Cebu. The company also has a stake in Amlan Hydro Power, Inc., which operates a hydropower plant in Amlan, Negros Oriental. According to Vivant assistant vice president Johnny Roxas, the company is planning to put up a 7-MW bunker-fired power plant in Palawan and is one of the bidders pre-qualified by the Power Sector Assets and Liabilities Management Corp. (PSALM) for the 640-MW Unified Leyte geothermal plant contract. — BM, GMA News


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