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Vivant Energy eyes wind dev’t foray
After its recent buyout of a solar asset, Vivant Energy, a wholly owned subsidiary of Cebu-based listed firm Vivant Corporation, is now eyeing to venture into wind energy development to achieve its renewable energy targets. Vivant President Emil Andre M. Garcia, during an annual meeting this week, disclosed that the company has committed to help unlock the country's wind power potential through investments. “Vivant Energy is committed to playing a meaningful role in energy transformation and to accelerate growth and improvement of power services in the country,” Garcia said. “As we look back at the challenges and achievements that propelled us to continue to improve everyday living for the past 20 years, we put environmental, social and governance, or ESG at the forefront of our strategy to achieve long-term sustainable profits,” he said. In demonstrating its commitment to sustainability, Garcia said Vivant Energy allotted P21 billion, or about 75 percent of its total spending up to 2030, to bankroll clean energy projects. The company targets to have 30 percent renewable energy in its power generation portfolio by 2030 — aligned with the company’s ESG framework. Vivant Energy recently acquired San Ildefonso Alternative Energy Corporation, which will develop a 22-megawatt or MW solar power plant in Bulacan. Another fully owned subsidiary, COREnergy, contributes to the renewable energy target by growing its rooftop solar business from 2 MW to 6 MW in 2022. COREnergy, a retail company that offers total energy solutions to commercial and industrial establishments, aims to add 18MW of solar rooftop generation capacity by the end of the year. Notably, Vivant Energy’s recent acquisition of the shares of its partner Gigawatt Power Inc. in companies operating and owning power plants in off-grid areas will also play a vital role in contributing to the entire group’s social and economic development. The company now has full ownership of Isla Mactan Power Corporation, which operates the 23.3-MW diesel power plant that provides stable and reliable power in Bantayan Island, Cebu. Vivant Energy has investments in energy generation, retail electricity supply, and energy-related engineering solutions in Luzon, the Visayas and Mindanao. The post Vivant Energy eyes wind dev’t foray appeared first on Daily Tribune......»»
Manila earmarks P10 billion for housing projects
The Manila government has allotted P10 billion for housing projects and acquisition of medical equipment for the city’s hospitals, according to Mayor Isko Moreno......»»
15 Daulah Islamiyah, BIFF surrender in Central Mindanao
15 Daulah Islamiyah, BIFF surrender in Central Mindanao.....»»
Oplan Harabas yields 3 drivers positive for drugs
FOLLOWING the surprise drug test conducted by the Land Transportation Office (LTO)-Davao and the Philippine Drug Enforcement Agency (PDEA) on public utility vehicles (PUVs) last March 26, 2024, two taxi drivers in Davao City were found to be positive for drugs......»»
Ati tribe fenced off in Boracay
Tension has sparked in Boracay after security guards allegedly fenced off parcels of land owned by members of the Ati tribe......»»
DOTr: 2.2 million more plastic cards to be delivered
Transportation Secretary Jaime Bautista inspected yesterday the one million delivered plastic cards to be used for the printing of driver’s licenses, at the Land Transportation Office central office in Quezon City......»»
Companies State it Takes More Than 6 Months to Fill Cybersecurity Positions
The latest Kaspersky survey found that 48% of companies require over half a year to find a qualified cybersecurity professional. A lack of proven experience was cited as one of the biggest challenges, along with the high cost of hiring and global competition in talent acquisition. With global labor markets continuing to clamor for InfoSec […].....»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
Filinvest Invests P16B in Ciudad BTO Project
The development of Ciudad will finally be realized after the Province of Cebu turned over Friday a parcel of the property to homegrown developer Filinvest Land, Inc. (FLI) through a build-transfer-operate (BTO) engagement. Cebu Gov. Gwendolyn Garcia and Tristan Las Marias, FLI president and CEO, formally kicked off the project in simple ceremonies onsite on […].....»»
Davao Media-Citizen Council elects officers
DAVAO CITY (MindaNews / 24 March) – The Davao Media-Citizen Council (DMCC) on Saturday elected its officers from representatives of various fields — media, business, law and academe. MindaNews’ Special Reports Editor Carolyn O. Arguillas was elected chair while Antonio Peralta representing the business sector was elected vice chair. Peralta chairs the Southern Mindanao Business […].....»»
Dusit Thani, Sheraton to build hotels in Cagayan de Oro
CAGAYAN DE ORO CITY (MindaNews / 24 March) — Two international hotel chains — Sheraton and Dusit Thani – are set to build hotels in this city, the third in Mindanao for Dusit Thani and the first in Mindanao for Sheraton. Dusit Thani operates two in the Davao region – Dusit Thani Residence Davao in Davao […].....»»
Solon bats for expansion of motorcycle taxis outside Metro Manila
A House lawmaker has voiced his support for expanding the government's allotment of motorcycle taxis outside Metro Manila as the Land Transportation Franchising Regulatory Board is set to greenlight the participation of more players in its pilot study......»»
Measles vaccine drive launched in BARMM
The Department of Health is conducting a non-selective immunization program against measles in the Bangsamoro Autonomous Region in Muslim Mindanao to contain an outbreak......»»
Stop motorcycle taxi expansion, Marcos urged
Various transport groups yesterday appealed to President Marcos to stop the expansion of motorcycle taxis in Metro Manila amid the impending decision of the Land Transportation Franchising and Regulatory Board o authorize several companies as players in the pilot study......»»
PBA All Stars hopping over to Davao next
The PBA is looking at Davao as potentially the next venue for the annual All-Star Weekend as it considers bringing the annual festivities to Mindanao after back-to-back stops in the Visayas......»»
Title: Mike Tomlin: Russell Wilson leading race for Steelers QB job; Justin Fields given chance to compete
The Pittsburgh Steelers made headlines today with the acquisition of quarterbacks Russell Wilson and Justin Fields. Initial reports indicate that Wilson will likely be the.....»»
‘Extreme danger heat index seen in May’
The cities of Puerto Princesa in Luzon and Cotabato in Mindanao sizzled with a heat index of 42 degrees Celsius on Saturday, according to state meteorologists......»»
SamPan: Making her mark
Samantha Panlilio, eldest daughter of Jose Marcel “Jocel” Panlilio, is embarking on an ambitious career path to revitalize and expand the family’s real estate investments as chief operations officer of both the family’s publicly listed Boulevard Holdings Inc. and Puerto Azul Land Inc., even as she sets a parallel course to build her own beauty line, photography studio, and a furniture business under the brand “House of Marrakesh.”.....»»
LTO-7 on high alert for Holy Week
CEBU CITY, Philippines — The Land Transportation Office in Central Visayas (LTO-7) is on high alert starting March 24 to 31, for the Holy Week. The LTO-7 announced their “Oplan Biyaheng Ayos: Semana Santa and Summer Vacation 2024” in a press release last Friday. Director Glen Galario has instructed all LTO-7 district and extension offices.....»»
Remove the roadblocks on right of way acquisition
In recent years, the government has committed to make game-changing reforms in order to make the Philippines more attractive as an investment destination......»»