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MANILA, Philippines — Metro Pacific Water (MPW) plans to invest P23 billion by 2031 to enhance its operations in the Philippines and Vietnam.
The group disclosed the planned investment as it marked its 15th year in the water business.
READ: Metro Pacific Water named interim operator in Bulacan
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“Water security is economic security, and this P23-billion investment is our commitment to building the infrastructure the next generation will depend on,” Andrew Pangilinan, MPW president and CEO, said in a statement on Tuesday.
Moreover, the company said the funds will support new water sources, infrastructure development, network rehabilitation, reducing non-revenue water, and pipeline repairs.
In addition, part of the investment will fund new technologies to enhance the reliability and efficiency of the water network.
Currently, MPW uses modular treatment technologies, including reverse osmosis, to serve water-scarce areas.
The group serves around 221,000 households in Iloilo, Dumaguete, and San Jose del Monte, Bulacan, and operates Metro Iloilo Bulk Water Supply Corp. and Cagayan de Oro Bulk Water Inc. through joint ventures with local water districts.
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READ: Metro Pacific: Bulacan bulk water supply improving
Likewise, MPW has presence in Nghe An, Vietnam’s largest province, via its subsidiaries Tuan Loc Water Resources Investment and Phu Ninh Water.
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“As we build stronger regional water operations in Southeast Asia, our investment improves our ability to expand capacity and pursue new opportunities where reliable water infrastructure is increasingly critical,” Pangilinan said.
“Our cross-country experience has allowed us to combine local operating experience with technologies and solutions that can be deployed across different markets,” he added.
MPW’s portfolio now has a water production and treatment capacity of 798 million liters per day, up from 667 MLD last year. /pai
