COREnergy, the energy retail subsidiary of listed firm Vivant Corp., has secured a contract to supply 0.6 megawatts of electricity to JEG Tower in Cebu City, marking a key expansion of its commercial client base and advancing its parent group’s broader energy investment and growth targets. The supply agreement was signed with JDC One Acacia Corp., the operator of the premium Cebu office tower, and announced by both parties on Thursday.
Under the two-year deal, COREnergy will provide power at a fixed rate, allowing the property firm to lock in predictable electricity costs and gain firmer control over one of its largest recurring operating expenses. The arrangement also includes access to COREnergy’s dedicated customer portal, which delivers real-time and historical energy data including hourly load profiles, billing records, load factor metrics and generation charges. These tools will enable JEG Tower management to closely monitor consumption patterns, make data-driven operational adjustments, and identify opportunities to boost energy efficiency across the building.
Marivic Sembrano, president of JDC One Acacia Corp., noted that energy procurement is central to both cost management and service quality for the tower’s tenants. “Electricity is fundamental to how we operate our building and serve our tenants. By taking a more strategic approach to energy procurement, we’re able to better manage one of our major operating costs while continuing to provide a reliable, comfortable, and productive environment for the businesses that have chosen JEG Tower as their workplace,” she said.
Marko Sarmiento, vice president and head of operations at COREnergy, emphasized that the agreement delivers value beyond simple cost savings. “Commercial buildings occupy a unique position because the benefits of more efficient energy procurement extend beyond the property owner. When building operators gain greater visibility and control over electricity costs, they’re also strengthening the services they provide to their tenants. Retail electricity is not just about managing costs. It’s about enabling commercial properties to operate more efficiently and creating better environments for the businesses inside them,” Sarmiento added.
The deal comes as Vivant Corp., the Cebu-based conglomerate, presses ahead with its ambitious medium-term investment and capacity expansion plans. Last May, the company unveiled a P67 billion budget earmarked for its energy and water businesses through 2030, with P60 billion allocated to energy operations and the remaining P7 billion set aside for water ventures. Vivant targets raising its total attributable generation capacity to 1,000 MW by the end of the decade, with at least 30 percent of that capacity coming from renewable energy sources. The group currently operates power projects with a combined capacity of 471 MW, and agreements such as this latest supply deal support both its revenue growth goals and its strategy of building a diversified, sustainable energy portfolio.
