Maynilad penalizes P27M for interruptions

MAYNILAD Water Companies Inc. (Maynilad) has been ordered to pay 27.4 million pesos to prospects affected by water provide disruptions as a result of issues on the Putatan Water Remedy Plant within the metropolis of Muntinlupa.

Lee Robert Britanico, deputy administrator for the Regulatory Workplace of the Metropolitan Waterworks and Sewerage System (MWSS-RO), advised reporters Tuesday that regulators had set a complete rebate of 27,477,617.12 pesos for purchasers who had none from December 2022 to December 2022 24-hour uninterrupted water provide will likely be obtainable January 2023.

Maynilad offers water and wastewater companies for Metro Manila’s West Zone, which incorporates parts of Manila, Quezon Metropolis, Makati, Caloocan, Las Piñas, Malabon, Muntinlupa, Navotas, Pasay, Parañaque and Valenzuela.

It additionally serves components of the province of Cavite. The areas affected by the disruption are in Pasay, Parañaque and Cavite.

Britanico mentioned the MWSS-RO discovered the corporate had breached its service obligations and “we have now directed Maynilad to deal with the problem and supply 24-hour water to its prospects”.

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“We’re aiming for this low cost to be carried out within the water payments of affected prospects by February. So the low cost will have an effect on the purchasers subsequent water invoice,” he added.

British added that regulators have been nonetheless setting the rebate, which ought to be mirrored in prospects’ water payments.

The MWSS-RO has scheduled a public discussion board for January thirty first to debate the rebate program. Affected prospects and representatives of affected native authorities entities are invited to take part.

New sewage remedy plant

As this unfolded, Maynilad mentioned Tuesday it plans to supply an extra 50 million liters per day (MLD) by the top of this yr from the primary run of a brand new processing plant at Muntinlupa.

In a press release, Maynilad mentioned Poblacion’s new water remedy plant (WTP) is 53 % full. Upon full commissioning within the first half of 2024, Maynilad mentioned the plant would have the capability to supply 150 MLD of ingesting water for the southern portion of its concession, particularly for Parañaque, Las Piñas, Muntinlupa and Cavite.

Maynilad has two remedy crops in Muntinlupa that provide 300 MLD of water to round 1.7 million prospects within the south.

“Our manufacturing of 300 MLDs is stretched to satisfy the present wants of our prospects within the South,” mentioned Randolph Estrellado, Maynilad’s Chief Working Officer.

“Subsequently, when excessive circumstances require diminished manufacturing, there isn’t a extra provide, so a few of our prospects are experiencing service disruptions.

Poblacion’s WTP is a part of Maynilad’s 220 billion plague service enchancment program for 2023-2027.

Maynilad is managed by Maynilad Water Holdings Co Inc., a three way partnership between Metro Pacific Investments Corp. (MPIC), DMCI Holdings Inc. (DMCI) and Japan’s Marubeni Corp., which took management in 2007.

Maynilad, initially beneath Lopez-led Benpres Holdings Corp., was granted a 25-year concession in 1997. The MWSS prolonged the contract in 2009 to July 31, 2037.

MPIC shares closed Tuesday up 28 centavos, up 6.88 % at P4.35 apiece. The DMCI was unchanged at P12.46 per share.