Maynilad considers more Philippine water projects with K-Water
The companies are awaiting a decision on their proposed ₱15 billion water and wastewater project in New Clark City.
Maynilad Water Services Inc. is considering additional projects in the Philippines with Korea Water Resources Corp. (K-Water), although it has yet to decide which opportunities to pursue, chief financial officer Ricardo delos Reyes said.
The companies already have a proposed partnership for a ₱15 billion project covering water and wastewater services in New Clark City, Tarlac, over a 25-year term. Delos Reyes said the consortium expected an award in 2026, but stressed that the timing was outside its control.
The Bases Conversion and Development Authority (BCDA) said no rival proposals were submitted during the project's Swiss Challenge period. It gave the two companies original proponent status in September.
The proposed joint venture would give K-Water a 40 per cent interest, with Maynilad and BCDA each holding 30 per cent.
Discussing potential expansion, delos Reyes put water service coverage beyond Metro Manila at about 50 per cent. He said most of the population still relied on deep wells, which he described as unsustainable because of environmental concerns and increasingly volatile weather. He said Maynilad still needed to prioritise possible projects before deciding which to pursue.
