Water concessionaires deal with wastewater, supply woes

    111

    West zone concessionaire Maynilad Water Services, Inc. yesterday broke ground for its P10.5- billion Camana sewage treatment plant (STP) that will help clean up waterways flowing to Manila Bay.

    This developed as east zone concessionaire Manila Water Co. Inc. booked an 11 percent drop in net income for the first nine months of the year to P4.4 billion from P4.9 billion last year due to the impact of the water supply shortage in its Metro Manila concession early this year.

    Maynilad in a statement said the Camana STP will treat wastewater generated by 1.2 million customers in Caloocan, Malabon and Navotas at a capacity of 205 million liters per day.

    It will be completed by the fourth quarter of 2021.

    Maynilad will also lay about 85 kilometers of accompanying sewer lines to catch wastewater from households and establishments in the three cities covered and convey it to the treatment facility that is being built.

    Meanwhile, Manila Water reported consolidated revenues of P16.1 billion, up 10 percent from P14.7 billion on higher contribution of domestic businesses outside its concession.

    Metro Manila’s water supply shortage led to a 2 percent drop in billed volume and 4- percent decline average consumption .

    This was, however, offset by the strong contribution of businesses outside Manila with a total net income of P301 million, a 126 percent jump from the previous year, led by key subsidiaries Estate Water, Boracay Water and Laguna Water.

    International operations improved by 8 percent in equity share in net income of associates to P552 million for the period, largely due to the contribution of East Water in Thailand.