Prime Asset Ventures Inc., the investment holding company of Manuel Paolo Villar, the eldest son of billionaire Manuel Villar, said Friday it aims to be a key player in the infrastructure and utilities sector.
PAVI recently added Premiere Island Power REIT Corp. to its list of subsidiaries to strengthen its energy assets.
The company’s diverse portfolio includes critical community infrastructure in sectors such as water, power generation and supply, retail electricity, renewable energy, information and communications technology, broadcast entertainment, gaming and real estate.
“PAVI aspires to continually diversify our portfolio to achieve our goals of becoming a key player in the infrastructure and utilities sector. We are also focused on ensuring returns for our stakeholders and, at the same time, finding a way to implement these initiatives in a way that contributes meaningfully to nation building and development. capacity building,” said TJ Mendoza, Infrastructure Manager and Project Advocate for PAVI. .
PremiereREIT strives to be among the leading diversified energy and infrastructure REITs in the Philippines in terms of portfolio, profitability, growth, sustainability and dividend yield.
A real estate investment company, it will manage PAVI’s power generation assets to strengthen its performance and pursue its growth.
PAVI’s diverse energy portfolio includes traditional and renewable power generation, retail power supply and mission electrification.
Subsidiaries of PAVI SI Power Corp. and Camotes Island Power Corp. provide electricity to nearly 60,000 homes in underserved off-grid areas of Siquijor Island and Camotes Island in the Visayas.
Kratos RES is engaged in the retail supply of electricity to contestable customers who are qualified to choose their electricity suppliers. It supplies electricity to shopping malls, complexes and offices across the country.
PAVI’s renewable energy arm, PAVI Green Renewable Energy Inc., is expected to grow up to 1,000 megawatts over the next three to five years to solidify the group’s commitment to providing clean, sustainable energy.
PAVI Green recently won a bid under the Department of Energy’s Green Power Auction Program to supply 40.4MW of clean power to the Luzon grid by 2023.
The company is also working on three large-scale solar projects, including a 20 MW installation in Bataan, which will be completed this year, a 26 MW farm scalable to 75 MW in Camarines Norte and a 50 MW project scalable to 75 MW. in Naga.
PremiereREIT said it would venture into these best-performing asset classes, ensuring investments with continued capital appreciation and social responsibility.