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Vivant Energy Corp. expands capacity

/ 03:49 PM November 11, 2014

MANILA, Philippines–Vivant Energy Corporation (VEC) is set to expand its capacity by 17 megawatts as it takes management and control over “strips of energy” from the Unified
Leyte Geothermal Power Plants (ULGPP) next month.

It will be recalled that in October 2013, VEC won several strips of energy from ULGPP in a bidding conducted by the Power Sector Assets and Liabilities Management Corporation (PSALM).

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Located in Tongonan, Leyte, the ULGPP geothermal power complex has a total capacity of 588.5 MW. Last year, PSALM successfully bidded out strips of energy to VEC and other independent power producers.

The turnover was delayed, however, following a status quo request from the Department of Energy due to damage sustained by ULGPP caused by Typhoon Yolanda. PSALM finally confirmed the effective turnover date to VEC on December 26, 2014 to coincide with the expiration of its supply contracts.

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VEC is a wholly owned subsidiary of Vivant Corporation.

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TAGS: Business, Geothermal, power sector, vivant energy corporation
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