Maynilad Water Services, Inc. (Maynilad) has spent almost P2 billion in the first quarter of this year to improve water service levels in its concession area.
From 32% in 2007, Maynilad customers who have 24-hour water supply now stands at 79%. Water pressure also increased significantly with 92% of Maynilad customers enjoying at least 7 pounds per square inch (psi) of pressure, compared to only 46% four years ago.
Dramatic improvement was also registered in the water company’s Non-Revenue Water (NRW) level. Maynilad’s NRW has been reduced to 50% from 66% prior to the takeover of Metro Pacific Investments Corporation and DMCI Holdings, Inc. in 2007.
These improvements are attributed to Maynilad’s continuous investment in its concession area through the replacement of old pipes, laying of primary distribution lines in unserved areas, development of new water sources, and construction of reservoirs to maximize efficiency in distributing water in its concession area.
For this year, Maynilad has allocated more than P8.5 billion for its capital expenditures. Of the P8.5 billion, P3.7 billion has been reserved for the reinforcement and replacement of primary pipelines; P2.6 billion for its Non-Revenue Water (NRW) management program; P1.6 billion for the wastewater program; and the remainder will be used for water sources, water production and other projects.
“We are extremely proud of what we have achieved so far. If given the opportunity, we would like to share our expertise and resources so that the 16 million Filipinos who still do not have access to clean water will finally have the supply they need,” said Maynilad President and CEO Ricky Vargas.
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base. It is a concessionaire of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area. It is owned by DMCI-MPIC Water Company, Inc. (DMWCI), a joint venture between Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc. (DMCIHI).