Vivant unit secures supply deal from PALECO

Vivant Corp., a listed energy and water conglomerate, has secured a multiyear supply contract with Palawan Electric Cooperative (PALECO) to meet the rising power demand on the island province.

Delta P. Inc. (DPI), a subsidiary of Vivant Energy Corp., has formalized a 15-year power supply agreement (PSA) involving 40 megawatts of contracted capacity.

PALECO general manager Rez Contrivida said the PSA is expected to help maintain the reliability and stability of the Palawan grid, providing a long-term solution for Palawaneños to regain their subsidy.