C04050-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 1,023,456,698 |
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Subject of the Disclosure |
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Signing of the Power Supply Agreement (PSA) between Pampanga II Electric Cooperative (PELCO II) and La Pampanga Energy Corporation (LPEC). |
Background/Description of the Disclosure |
Vivant Corporation was given notice by its wholly-owned subsidiary, Vivant Energy Corporation (Vivant Energy) that a fifteen (15)-year power supply agreement (PSA) with PELCO II was signed today by LPEC. LPEC will construct and operate a power generation facility with a total dependable capacity of 15 MW Peaking Power Supply with Ancillary Service Capability to maintain grid stability and security in the franchise area of PELCO II |
Other Relevant Information |
LPEC is a consortium of Vivant Energy, its wholly-owned subsidiary Amberdust Holding Corporation (AHC), and Gigawatt Power Inc., with the Vivant Group owning 50% total equity in LPEC. |
Name | Minuel Carmela Franco |
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Designation | Vice President for Finance and Treasury |