In response to the communication from the Exchange requesting for clarification on the news article appearing in Manilatimes.net on September 29, 2020, specifically, on the following portions of the article:
“Listed Vivant Corp. looks to further invest in water and energy infrastructure, including bulk water supply and wastewater treatment.
In a statement over the weekend, Vivant Energy Executive Vice President and Chief Operating Officer Emil Andre Garcia said the company plans to invest over P2 billion in renewable and energy storage technologies, as well as in the hybridization of existing power plants.
‘We plan to look into new technologies and improvements into existing technologies that would help us grow our presence in the industry while promoting more sustainable energy,’ Garcia said in a statement.
‘Despite the challenges presented by the pandemic, we are well-situated to carry on and thrive by adapting and future-proofing our investments in power. To continue supporting Vivant’s mission of bringing excellence to industries that improve everyday living, Vivant Energy will continue to grow its position in the power industry so Vivant can endeavor to enter into new waters,’ he added.
The company also said it is looking for opportunities in water-related industries and hopes to provide water supply solutions, especially in Cebu.
‘We are looking at different aspects of the water industry value chain. We intend to address the water problems in Cebu and other key areas in the country by looking at opportunities for bulk water supply, water distribution, waste water treatment, and water engineering and solutions,’ Vivant Senior Vice President- Business Development for Infrastructure Jess Anthony Garcia said.
The firm added that its subsidiary Vivant Hydrocore Holdings Inc. has partnered with Israeli company Watermatic International to develop solutions for bulk water supply and water treatment for industry and agriculture.
One of the projects they are developing is a wastewater treatment facility in Puerto Princesa City in Palawan.
. . . .”
Vivant would like to clarify that the renewable and energy storage technologies, as well as in the hybridization of existing power plants mentioned in the article are all at the exploratory phase. The entry into wastewater treatment was brought about by the investment of Vivant in FLOWs, through its subsidiary, Vivant Hydrocore Holdings, Inc. The investment resulted to Vivant ultimately owning 40% in Puerto Princesa Water Reclamation and Learning Center, Inc., the joint venture company of the City of Puerto Princesa and FLOWs in developing a combined sewerage and septage facility serving the City of Puerto Princesa. This investment was disclosed to the Exchange on February 14, 2020.
Vivant confirms the partnership with Israeli company Watermatic International for water engineering solutions, such as bulk water supply and water treatment for industry and agriculture that includes the proposed combined sewerage and septage facility in the City of Puerto Princesa. Other water infrastructure projects such as bulk water supply and water distribution are at the exploratory phase. |