As the summer season looms, Metro Pacific Investment Corporation’s Maynilad Water Services Incorporated has begun to take various measures.
The company is working hard in a bid to provide its customers with a convenient experience during the scorching months.
Maynilad mainly aims to address the negative impacts that the diminished raw water allotment from Angat Dam has caused.
Metro Manila gets 96 percent of its water supply from the decades-old water reservoir.
Randolph Estrellado remarked that they are anticipating water consumption to surge this coming summer.
With this expectation, he affirmed that they had concocted a mitigation agenda last year.
This plan aims to cushion the negative impacts of the decreased raw water allocation to their consumers, the chief operating officer of Maynilad said.
The steps that the Metro Pacific arm Maynilad has taken will enable it to obtain more water supply for distribution.
Based on the report by Philippine daily newspaper The Philippine Star, these measures help ease the present water shortage in the Angat Dam.
Among these measures include the reactivation of several deep wells. Furthermore, in Muntinlupa, Maynilad is optimizing two water treatment facilities.
These water sources now yield a total of 300 million liters of water coming from Laguna Lake daily.
Moreover, consumers will benefit from cloud-seeding activities. Maynilad will also deploy modular water treatment plants that get water from Cavite’s tiny rivers.
Finally, the west zone water concessionaire will carry on addressing water losses via repair undertakings. It will reportedly engage in sustained water pipe replacement activities as well.
Meanwhile, the Department of Environment and Natural Resources recently announced that the Philippines would have enough water supply this summer and during the rest of 2020.
In terms of consumer numbers, Maynilad is the largest private water service provider in the Philippines.
Aside from Metro Pacific Investments Corporation, DMCI Holdings, Incorporated and Marubeni Corporation also possess controlling stakes over the west zone water concessionaire.
Maynilad serves various Metro Manila locations, including Malabon, Pasay, Muntinlupa, and Caloocan.
It also caters to customers living in Las Piñas, Parañaque, Navotas, Valenzuela, and certain sections of Cavite, Makati City, Manila, and Quezon City.
As of 9:52 AM, Friday, March 6, 2020, Metro Pacific Investments Corporation (PSE: MPI) closed at P3.46 per share.
This last trade price of the company’s stock is up P0.02 or 0.58 percent from its previous close.
Moreover, the total value turnover reached P13,281,300.00.
The Philippine Stock Exchange recorded the 52-week high of Metro Pacific Investments Corporation at P5.28.
Meanwhile, its 52-week low is at P2.69.
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
