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Mar
6
Maynilad moves to expand presence in the south
Filed Under Las Piñas, Muntinlupa, News, Paranaque | 1 Comment
From BusinessWorld:
WEST ZONE concessionaire Maynilad Water Services, Inc. has allotted P2.6 billion for projects in the southern part of Metro Manila this year, the firm said in a statement over the weekend.
The utility said it has earmarked P2.1 billion to extend its pipelines to Cavite and P446 million will be spent to replace pipelines from Muntinlupa to Las Pinas.
It will use around P58 million to replace pipes in Parañaque.
“We are expediting our service improvement projects in Parañaque, Muntinlupa, Las Piñas and Cavite because the residents there have waited too long to have access to our services. With the support of the public and their respective local government units, we hope to serve even more households and establishments in the south this year,” said Maynilad President and Chief Executive Victorico P. Vargas in the statement.
The company will lay around 182 kilometers of pipes in the four municipalities to serve some 47,000 households.
The investment is claimed to generate 9,400 jobs.
Maynilad earlier said it has earmarked P8.4 billion as capital expenditures for 2012.
Maynilad is operated by a joint venture between Metro Pacific Investments Corp. (MPIC) and DMCI Holdings, Inc.
MPIC is the local unit of First Pacific Co. Ltd., which partly owns Philippine Long Distance Telephone Co. (PLDT). Mediaquest Holdings, Inc., a unit of the Beneficial Trust Fund of PLDT, has a minority stake in BusinessWorld.
Jul
4
10,000 households in BF Resort to have water 24/7 c/o Maynilad
Filed Under Las Piñas, Muntinlupa, News, Paranaque | Leave a Comment
By Marianne V. Go (The Philippine Star)
MANILA, Philippines – Maynilad Water Services Inc. is gearing up for a rate rebasing next year as its net income continues to remain much lower than its capital expenditures.
In an interview with reporters, Maynilad president and chief executive officer Ricky Vargas admitted that the West Zone concessionaire’s net income this year is projected at P6 billion, much lower than the water firms P10-billion capital expenditure for 201’1.
Vargas refused to reveal if Maynilad would seek an increase in its tariff structure, pointing out that the rate rebasing review next year follows a formula.
However, Vargas pointed out that Maynilad’s capex continues to remain much higher than its net income. Last year, Vargas said, Maynilad posted a net income of P4.5 billion while its capex was much higher at P6.5 billion. “We’re spending more than we earn,” Vargas said.
However, Vargas said that Maynilad’s continuing high capex is in line with its plans to further expands, improve and rehabilitate the water utility firm’s infrastructure network.
Expansion areas, Vargas said, include additional pipe-laying in Cavite, from Bacoor to Imus. Maynilad had earlier announced that it is spending P3.7 billion this year to expand its service coverage and improve service levels in its concession area.
The P3.7 billion will be spent for the reinforcement and replacement of primary pipelines, including the completion of pipe-laying projects along the Alabang-Zapote and Gen. Tirona highway which would connect previously unreached customers in the south.
Part of that expansion includes the connection of the BF Resort Subdivision to the Maynilad water grid.
Groundbreaking to signal the start of the P50 million pipe-laying was held Friday, July 1.
Once completed, Maynilad will be able to provide up to 10,000 households in BF Resort with potable water 24 hours a day, seven days a week at a pressure of 16 psi (pounds per square inch) or enough pressure to provide water flow up to the third floor.
According to Vargas, Maynilad has sub-contracted the pipe-laying to seven contractors so that, hopefully, Maynilad would already be able to provide water to BF Resort by December this year.
At present, BF Resort residents depend on deep wells and have an average 12-hour water supply window. To augment their deep wells, resident also have to rely on water deliveries which can cost as much as P1,800 per month.
Maynilad has also earmarked P2.6 billion for its Non-Revenue Water (NRW) management program which would include active leak management, NRW diagnostic, and the establishment, isolation, measurement and rehabilitation of District Metered Areas (DMA) all over the West Zone.
For leak management alone, Maynilad is allocating P269 million, and P981 million for meter clustering and pipe replacement projects.
According to Vargas, Maynilad hopes to bring down its NRW this year to between 48 percent and 46 percent.
Unfortunately, Vargas admitted that Maynilad would find it difficult to bring down its NRW to the 11 percent NRW level of Ayala-led and East Zone concessionaire Manila Water Company.
Maynilad is owned and managed by DMCI-MPIC Water Co., Inc. (DMWCI), a joint venture between Metro Pacific Investments Corp. (MPIC) and DMCI Holdings, Inc. (DMCIHI).
Maynilad’s concession area includes the cities of Manila (all but portions of San Andres and Sta. Ana), Quezon City (west of San Juan River, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the districts of the Holy Spirit and Batasan Hills), Makati (west of South Super Hi-way). Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila, Cavite City, and the towns of Bacoor, Imus, Kawit, Noveleta and Rosario, all in Cavite Province.
Jun
19
Maynilad gets $137.5-M loan; looking at projects in Munti
Filed Under Las Piñas, Muntinlupa, News, Paranaque | Leave a Comment
MANILA, Philippines — World Bank has granted a $137.5 million loan to a water concessionaire to partially finance its wastewater treatment projects which will start construction this year.
Engineer Tony Garcia, head of West Zone concessionaire Maynilad Water Services Inc. (Maynilad), said the loan will help accelerate the construction of sewerage and sanitation infrastructure to improve the environmental, sanitation and health conditions in Maynilad’s concession area.
Maynilad said it plans to build 13 Sewage Treatment Plants (STPs) until 2015, but only four of the 13 will be funded by the loan secured from the World Bank. These include the Talayan STP in the San Juan River Basin Project and STPs on Valenzuela, Pasay and Muntinlupa. Other projects that would benefit from the loan include the rehabilitation of the Alabang STP and the South Septage Treatment Plant.
The four projects to be funded by the loan from World Bank will have a total capacity of 187,500 cubic meters per day and will serve about 300,000 households in Quezon City, Pasay, Valenzuela and Muntinlupa.
The $137.5-million loan is part of the $275-million World Bank loan that will be divided between the two concessionaires of the Metropolitan Waterworks and Sewerage System (MWSS).
A sovereign guarantee which the Philippine Government has issued is required for the loan to be processed. “We are accelerating the construction of our STPs for the benefit of the environment and our customers,” Maynilad President and CEO Ricky Vargas said.
He lauded the government’s move as “a testament on how vital Public-Private Partnerships (PPP) augurs well for the growth of the economy.”
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base. It is a concessionaire of the MWSS for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (all but portions of San Andres and Sta. Ana), Quezon City (west of San Juan River, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the districts of the Holy Spirit and Batasan Hills), Makati (west of South Superhighway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; Cavite City, and the towns of Bacoor, Imus, Kawit, Noveleta and Rosario, all in Cavite province.
Jun
7
Maynilad to spend P5.8B for pipe network projects
Filed Under Las Piñas, Muntinlupa, News, Paranaque | Leave a Comment
By: Riza T. Olchondra Philippine Daily Inquirer
9:07 pm |
Monday, June 6th, 2011
Maynilad Water Services Inc. said Monday it would spend P5.86 billion this year to improve and extend its pipe network in Pasay, Parañaque, Muntinlupa, Las Piñas and Cavite.
In a statement, Maynilad said P3.52 billion would be used to expand its primary lines in Pasay, Parañaque, Muntinlupa and Cavite.
Almost P1.61 billion will be used to install pipe lines from Las Piñas to Cavite.
For pipe-laying projects in Muntinlupa, almost P396.43 million will be used, while P329.91 million will be spent for pipe extension projects in Parañaque.
In total, over 450 kilometers of primary and secondary pipelines will be laid. This is seen to improve service levels and serve formerly unreached customers in Maynilad’s concession area.
Once completed, the projects will benefit more than 520,000 residents and generate more than 58,500 jobs. The infrastructure investments will also allow households and establishments in the expansion areas to finally have access to surface water.
“For decades, the people in Parañaque, Muntinlupa, Las Piñas, Pasay and Cavite have been sourcing their water from deep wells. Finally, we are able to replicate in the South the notable achievements that we were able to do in the northern part of Manila,” said Maynilad president and CEO Ricky Vargas.
Metro Pacific Investments Corp. and DMCI Holdings Inc. entered into a Public-Private Partnership (PPP) with the Metropolitan Waterworks and Sewerage System (MWSS) in 2007. Since then, the partnership has resulted in improved water and wastewater services for those in the west zone.
From 32 percent in 2007, Maynilad customers who have 24-hour water supply now stands at 79 percent.
May
27
Maynilad offers water to NAIA; Will they dig holes on the runway too?
Filed Under News, Paranaque | Leave a Comment
By: Riza T. Olchondra
Philippine Daily Inquirer
MANILA, Philippines—Maynilad Water Services Inc. (Maynilad) is offering a water connection to the Ninoy Aquino International Airport terminals to promote water safety and a good image to the airports located in Pasay and Parañaque.
The NAIA-1 airport was especially mentioned as it has been sourcing its water from deep wells.
The water services company has sent a leak detection team to assess the condition of the pipes in NAIA-1. Initial reports showed extensive damage in the pipes.
Maynilad is currently determining how best to assist NAIA should it choose to connect to the water provider’s network.
In a statement, Maynilad president and CEO Ricky Vargas expressed hope that a connection agreement could push through immediately to promote water safety and a clean image of the country’s airports.
Maynilad executives have apparently met with NAIA officials.
“In the coming days, Maynilad will also be submitting a proposal to NAIA on how the parties can proceed with the connection,” the water provider said.
The meeting was set up after Maynilad chairman Manny Pangilinan noticed “diggings” at the NAIA-1. The Filipino tycoon arrived Saturday from a business trip in Hong Kong and was told of the “waterless” restrooms at the 28-year old terminal.
After learning that the airport has been taking its water supply from deep wells, Pangilinan offered the assistance of the West Zone concessionaire, owned and managed by the Pangilinan-led Metro Pacific Investments Corp.
“To a certain extent, the state of our airports is a reflection on how progressive we are as a country. No amount of marketing and advertising can improve our image if we cannot even provide tourists basic amenities such as running water and clean restrooms,” Vargas said.
Vargas also stressed the risks of using deep-well water. “Water from most deep wells is not well treated or regularly monitored, unlike ours. The water we supply passes through a stringent treatment process and the Department of Health regularly checks the potability of our supply,” Vargas said.
Maynilad is the concessionaire of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (all but portions of San Andres and Sta. Ana), Quezon City (west of San Juan River, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the districts of the Holy Spirit and Batasan Hills), Makati (west of South Super Hi-way), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon, all in Metro Manila; and Cavite City and the towns of Bacoor, Imus, Kawit, Noveleta and Rosario, all in Cavite province.
