Maynilad invests P4B
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by Land Asia Listings
- February 14, 2017
- Real Estate Updates
- 0
Philippine Daily Inquirer
12:03 AM February 14, 2017
https://business.inquirer.net/
Maynilad Water Services is investing P4 billion this year in its nonrevenue program to further cut down losses due to leaks, illegal taps and faulty metering.
Also, about P200 million will be spent on leak repair projects while the remainder will go to the replacement of old water meters, network diagnostics and leak detection, among others.
“Through massive investments in water loss recovery, we have managed to attain an NRW reduction of 36 percentage points in a span of only nine years,” Maynilad president and chief executive Ramoncito S. Fernandez said in a statement.
“We will continue on this track so that more water supply can be plowed back into the network for delivery to more customers,” Fernandez added.
In 2007, when the company was under a different management, NRW represented 66 percent of Maynilad’s production. After nine years with the current management, NRW was cut down to 30 percent.
Maynilad data show that it has recovered 923 million liters per day (MLD) of water since 2008 when the NRW reduction program was first launched.
The company said the recovered volume was enough to fill up roughly 370 Olympic-size pools every day, and supply about 1.5 million households with potable water.
