Must Read
After a disastrous power supply deal with the Villar family's SIPCOR, Siquijor island gets a new partner in Vivant Energy, a subsidiary of the Garcia-Escaño familyAfter a disastrous power supply deal with the Villar family's SIPCOR, Siquijor island gets a new partner in Vivant Energy, a subsidiary of the Garcia-Escaño family
After Villars’ exit, Cebu’s Garcia-Escaño’s Vivant to supply Siquijor power
MANILA, Philippines – Cebu-based Vivant Energy, a power firm of one of Cebu’s old rich families, will be Siquijor’s electricity provider for 15 years, ending the province’s search for a stable power provider following an energy crisis in 2025.
The development came after Vivant Energy — a subsidiary of Cebu-based power and water conglomerate Vivant Corporation — won a competitive selection process conducted by the Province of Siquijor Electric Cooperative (PROSIELCO). The power supply agreement was signed on December 30 last year.
In a statement, PROSIELCO said, “This partnership aims to enhance power reliability and ensure long-term energy security for the entire province of Siquijor. This agreement reflects a shared commitment to providing stable, sustainable, and dependable electricity for our communities — supporting economic growth and improving the quality of life of every Siquijodnon.”
The Garcia-Escaño family of Cebu owns around 76% of Vivant Corporation. The company has been involved in power generation, distribution, and retail electricity since the 1900s when the family took over the Visayan Electric Company Inc. (VECO), power supplier of Cebu City and its surrounding towns. VECO is the Philippines’ second largest privately owned electric power distribution utility.
Vivant Corporation president and COO Emil Andre Garcia. Photo courtesy of Vivant Corp. Facebook
Among the Garcias in Vivant Corporation are Francis Damasus A. Garcia as chairman of the board; Ramontito E. Garcia as vice chairman of the board; and Emil Andre Garcia as president. Vivant’s CEO is Arlo A.G. Sarmiento, a nephew of Ramontito.
VIVANT EXECS. Francis Damasus A. Garcia, Vivant Corp. chairman of the board (left) and Ramontito E. Garcia, vice chairman of the board of Vivant Corp. Photos courtesy of Vivant Corp. website.
Under the 15-year agreement, Vivant will supply the entire province, contracting 11 megawatts of capacity from its diesel power plant located in Barangay Bogo in the municipality of Maria. It will supply power to the towns of Larena, Lazi, Maria, San Juan, Enrique Villanueva, and Siquijor.
“We are excited about this partnership and we are hopeful that upon completion of the power plant, households and businesses will gain access to stable and dependable electricity,” said PROSIELCO general manager Glenn Galvan in a statement on Friday, January 2.
“It has long been Vivant Energy’s thrust to prioritize areas that are largely underserved,” Vivant Energy vice president for off-grid solutions Eric Omamalin said.
Last year, residents and business owners complained of the power outages, which lasted up to 20 hours a day, hurting the people’s daily lives and the island’s tourism. At the time, the province was served by the Siquijor Island Power Corporation (SIPCOR), owned by the Villar family.
In June 2025, the provincial government of Siquijor declared a state of calamity after a month of daily power outages.
About two months later, the government shut down SIPCOR for “operational and regulatory” violations. It was replaced by TotalPower Inc., which was under an emergency power supply agreement only.
Siquijor, part of the Negros Island Region in the Visayas, needs reliable power to sustain its economic growth. It is an emerging tourism destination in the Philippines. – Rappler.com
Market Opportunity
Power Protocol Price(POWER)
$0.35031
$0.35031$0.35031
USD
Power Protocol (POWER) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
WHAT NOT TO MISS AT CES 2026
Innovators Show Up for the World’s Most Powerful Tech Event Returning to Las Vegas January 6-9 ARLINGTON, Va., Jan. 2, 2026 /PRNewswire/ — CES® 2026, the world’
Share
AI Journal2026/01/03 02:31
Gold continues to hit new highs. How to invest in gold in the crypto market?
As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12