Vivant Energy Corporation subsidiary ET Vivant Solar assists Cebu-based manufacturing company Treasure Island Industrial Corporation (TIIC) in meeting its aim to convert to sustainable energy by installing solar panels.
The solar rooftop technology can generate 1400 kWp of renewable energy, which located in TIIC compound in Barangay Tingub.
TIIC’s Packaging Division iPak manufactures plastic and metal packaging materials, containers, pouches, caps, selas, and labels for local and international customers. The company also manufactures Island Paints and automotive paints and chemicals.
“As a manufacturing plant, we have taken great strides in protecting the environment in communities where we operate,” TIIC Senior Vice President Douglas Ong said. “Partnering with ET Vivant to use solar energy supports our mission to be a value-driven company that generates sustainable growth and delivers maximum profitability.”
“Using solar also allows TIIC to see savings in terms of its electricity consumption from the grid,” Ong said.
Treasure Island and ET Vivant sealed a power purchase agreement, which is a 15 year contract.
“We are thankful that TIIC chose to start this change with ET Vivant,” Vivant Energy Corporation President and CEO Arlo G. Sarmiento said. “At ET Vivant, we develop solutions that not only meet the needs of our customers, but also adapt to the changing environment. We are particularly excited that this is our first solar project in our home province of Cebu, where we’ve been providing energy solutions that improve everyday living for almost a century.”
“We thank TIIC for trusting us to become their partner,” said Dennis She, CEO of ET Energy. He said that ET Vivant will take TIIC through every step of the process to ensure the success of the partnership.
The ET Vivant joint venture was formalized in December 2016 as part of their move to further its renewable energy investments through subsidiary Vivant Renewable Energy Corporation.
Vivant Energy provides energy services in Luzon, Visayas, and Mindanao.
