Vivant Energy Corp. said it was acquiring equity interest in Bukidnon Power Corp. (BPC) and North Bukidnon Power Corp. (NBPC) of Senator Juan Miguel Zubiri, expanding its investment in Mindanao.
BPC and NBPC was developed by the senator to address the intermittent brownouts that was plaguing the region in the past.
Vivant Energy and its wholly owned subsidiary, Amberdust Holding Corp, will acquire 90 percent of the outstanding shares of BPC and NBPC from its existing shareholders under share sale and purchase agreements.
The investment aims to further ensure stability and reliability of power supply in Bukidnon, particularly during peak hours. “We are confident in the recovery a…
Keep on reading: Vivant Energy expands in Mindanao