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Business

Vivant secures P3.5 billion BDO loan

Richmond Mercurio - The Philippine Star
Vivant secures P3.5 billion BDO loan
ccording to Vivant, the five-year term loan facility agreement with BDO will partially finance investments in power generation projects.
STAR / File

MANILA, Philippines — Vivant Energy was granted a loan of up to P3.5 billion by BDO Unibank Inc. to fund its projects.

According to Vivant, the five-year term loan facility agreement with BDO will partially finance investments in power generation projects.

Vivant is a listed holding and management company with interests in infrastructure development, but not limited to various segments of the power value chain,

to fulfill its mission of bringing excellence to industries that improve everyday living.

Vivant Energy serves as the holding company for Vivant’s investments in power distribution and generation, retail electricity services and energy-related engineering solutions.

The company combines existing and emerging technologies to provide energy solutions.

It has also been energizing off-grid and remote schools through solar and upgrading the electrician’s course in nearby senior high schools to include knowledge on solar energy.

Vivant Energy is among the nine companies which are eyeing to participate in the first-ever bidding for the development of microgrid systems in the country.

The company has pre-qualified to bid for the competitive selection process of the Department of Energy for the microgrid systems provider after being able to submit complete eligibility requirements.

The winning MGSPs will be in charge of the construction, installation, maintenance, and operations of microgrid systems to provide 24/7 electricity services for all existing and projected households in the selected remote areas in the country.

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