Vivant Corp., through its wholly-owned subsidiary Vivant Hydrocore Holdings Inc. (VHHI), has bagged a 25-year contract to supply water in Metro Cebu.
In a stock exchange filing on Monday, VHHI concluded a successful bid with Metropolitan Cebu Water District (MCWD) for the Cordova Bulk Water Supply Project through a solicited proposal, with Watermatic Philippines Corporation (WMP) as its technical partner.
“Vivant Hydrocore commits to provide an efficient and reasonably priced solution that will help improve MCWD’s water supply,” the company said.
VHHI will build a utility-scale desalination plant that will augment the limited bulk water supply of MCWD by 20,000 cubics meters per day of treated and potable water.
“This investment in the bulk water supply is a key milestone for the Vivant group to deliver on its promise to provide forward-looking and adaptable solutions for its communities,” it said.
The Vivant Group will sign a Joint Venture Agreement with MCWD to govern the relationship of the parties as joint venture partners.
VHHI is a wholly-owned subsidiary of Vivant Infracore Holdings Inc., which is in turn wholly owned by Vivant Corporation. VHHI holds the Vivant group’s water infrastructure investment portfolio.