MANILA - San Miguel Corp. president Ramon Ang confirmed Tuesday that they plan to submit an unsolicited proposal to the government to build a new water source.
On the sidelines of the annual Petron Corp. stockholders meeting, Ang said he would submit within the next 2 weeks a proposal for a new water source with a capacity of 3800 million liters per day (mld).
It would cost an estimated P35 billion and take 5 years to build, Ang said.
"At mababenta namin 'yung tubig at P5 per cubic meter, kaya sobrang mura pati, raw water 'yan," Ang said.
(And we can sell that water at P5 per cubic meter, very cheap, that's raw water.)
The SMC proposal came weeks after parts of Metro Manila and nearby areas were gripped by a water shortage.
Ang did not disclose details of where the water source would be, saying he doesn't want others copying the proposal.
San Miguel currently operates the Bulacan Bulk Water Project which produces 200 million liters per day, supplying the 24 water districts of the province.
In 2009, SMC said it wanted to partner with the government in developing the Laiban Dam in Tanay, Rizal near where the Kaliwa Dam is planned to be set up.
- With a report from Bruce Rodriguez, ABS-CBN News