Manila Water Company (Manila Water) has signed a Term Sheet for the acquisition of 100% ownership interest in Wawa JVCo from Prime Infrastructure, Inc. and minority shareholders. The acquisition, once completed, will be financially accretive to Manila Water and is strategically aligned with its long-term water security plans for Metro Manila’s East Zone. It will also enhance the company’s operations with an integrated approach to water distribution within its network.
The Wawa Bulk Water Supply Project is a critical raw water source infrastructure program designed to augment Metro Manila’s water needs, currently being served by the Angat Dam.
The acquisition, when completed, will ensure a credible, consistent and stable source of raw water for Manila Water’s East Zone service areas
Wawa JVCo was established in 2019 to develop, operate, and maintain the Wawa Bulk Water Supply Project, which includes the Tayabasan Weir located in Antipolo, and the Upper Wawa Dam in Rodriguez, Rizal Province with a capacity of up to 712 million liters per day (MLD). WawaJVCo has a 30-year Bulk Water Supply Agreement with the Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water for the supply of 518 MLD through to 2050. The facility currently transports water to the downstream Calawis treatment facility of Manila Water.
Vertically integrating this asset into Manila Water will yield positive financial benefits, optimize end-to-end water delivery operations, and enhance the overall resilience and sustainability of its water supply system.
The acquisition, when completed, will ensure a credible, consistent and stable source of raw water for Manila Water’s East Zone service areas. This will enable the company to support future growth and expand service
