Vivant may invest in Minergy power projects

Vivant Corp., a power-based holding firm of the Garcia-Escano family of Cebu, has signed an agreement that allows it to inject capital into the power generation projects of independent power producer (IPP) Mindanao Energy Systems Inc. (Minergy).

A disclosure to the Philippine Stock Exchange on Wednesday showed that Vivant Integrated Generation Corp. (VIGC), a unit of Vivant Energy Corp., has signed a memorandum of agreement with Minergy, which will involve possible equity investments by VIGC in Minergy’s future power generation projects. Vivant Energy is a wholly owned subsidiary of Vivant Corp.