Vivant Corporation (VVT) was incorporated on March 22, 1991 under the name Selecta Ice Cream Corporation, with the primary purpose to manufacture and market ice cream. In 2001, the Company was renamed Philstar.com, Inc. to engage in electronic commerce, and in 2003, its name was changed again to the present one along with the primary purpose to become a holding company.
VVT has investments in various projects in the power generation sector. Through its wholly owned subsidiary Vivant Energy Corporation (VEC), VVT owns 35% equity of Delta P, Inc., an independent power producer in Palawan. VEC also owns 40% of Cebu Private Power Corporation, another independent power producer located in Cebu City, and has a 40% stake in Abovant Holdings, Inc., which, in turn, owns 44% of the Cebu Energy Development Corporation, a consortium with Metrobank's Global Business Power Corporation and Formosa Heavy Industries of Taiwan.
In addition to investments in the power generation sector, VVT directly owns 22% of Visayan Electric Company, Inc. (VECO), an electric distribution utility firm. VVT also holds 50.94% in Hijos de F. Escano, Inc., which owns 25% of VECO. The Company also owns VC Ventures Net, Inc., a holding company. - https://www.affordablecebu.com/
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"Vivant Corporation" was written by Mary under the Business category. It has been read 1425 times and generated 0 comments. The article was created on 15 June 2012 and updated on 15 June 2012.
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