said on Tuesday it expects total business recovery by 2022 as the effects of the pandemic is seen to stretch until the third to fourth quarter of next year.
Despite slower business movement in the power space, Vivant is looking to enter the water services market and invest P1.5 billion to P3 billion for a desalination project in Cebu. This is seen to deliver 20 to 30 million liters per day water supply to Cebuanos. Power firms like Vivant are looking at seizing the opportunities in the water sector in Cebu, such as power firm Citicore building a P3.4-billion desalination plant in Lapu-Lapu City through its unit Citicore Summar Water or CSWater.For power, Sarmiento said Vivant is focusing on "niche markets" that will bring them to their target of 30 percent renewable energy of their total portfolio by 2030.
"Even post-COVID, we found that remote work is possible. We think there will be a permanent shift to higher residential consumption even after COVID," Sarmiento said.