Vivant Energy's Subsidiary Signed a Supply Agreement with PALECO

​In response to Palawan’s increasing energy requirements driven by its dynamic economic growth, especially in tourism, the Palawan Electric Cooperative (PALECO) has formalized a 15-year Power Supply Agreement (PSA) with Delta P. Inc (DPI), a subsidiary of Vivant Energy Corporation (Vivant Energy) for 40 MW of contracted capacity following a Competitive Selection Process (CSP).

PALECO’s move to secure a reliable energy source aligns with data indicating a 31% increase in the region's accommodation and food services sectors by the end of 2023, sectors directly tied to tourism. This agreement aims to provide the consistent power supply required to support growth in these industries, as well as in local communities.

PALECO General Manager Rez Contrivida stated, “We are delighted to announce the signing of this PSA with Delta P. Inc. to ensure we meet Palawan grid’s need for reliable and sustainable power supply; a long-term solution to help Palawaneños regain their subsidy.”
Following a successful Competitive Selection Process (CSP) conducted through the National Electrification Administration (NEA), DPI emerged as the most competitive bidder, securing its role in Palawan’s energy landscape. The PSA ensures DPI will supply the 40 MW needed to support the ongoing and future economic activities on the island.

“This PSA is vital in ensuring stability, fostering innovation, driving long-term growth— giving us the foundation to plan, build, and deliver lasting solutions”, DPI President Eric Omamalin shared the company’s perspective on this new contract. “Looking ahead, this partnership inspires us to innovate further, enhance our services, and continue powering progress for the next 15 years and beyond”, he added, reflecting on Vivant Energy’s commitment.

As the pioneer CSP conducted by NEA for a cooperative, NEA Administrator Antonio Mariano Almeda exclaimed: ”Today's accomplishment shows the unwavering commitment of NEA to support electric cooperatives who face challenges in completing their power procurement process. NEA is here to ensure no cooperative is left behind, especially with the welfare of MCOs at stake.”