Clark Water to invest heavily on development of water sources

ABS-CBN News

Posted at Dec 08 2014 02:03 PM | Updated as of Dec 08 2014 10:03 PM

MANI,LA, Philippines - Clark Water Corp., a subsidiary of Manila Water Company, said it will invest nearly half of its capital expenditures in 2015 on the development of water sources.

Clark Water, the sole water and used water services provider of Clark Freeport and Special Economic Zones, said it will allocate 47 percent of its capex on building and commissioning new water sources such as deep wells and infiltration wells.

The budget will also go to funding an on-going feasibility study on tapping surface water as additional supply source in the area, construction of new water treatment facilities, storage tanks, and booster facilities, and upgrading and refurbishment of existing ones.

Clark said it will invest P3.93 billion in capex projects from 2014 to the end of its 40-year concession contract in 2040. Of the total amount, P1.06 billion of which will be utilized in the next four years.

The capex will be used for various improvements of its water and used water facilities in order to promote the freeport zone as an ideal business hub for multinational companies.

For 2014, Clark has already completed three new deep wells that be fully operational by the first quarter of 2015. It has also upgraded three major booster pumps, and installed generator sets on its old water sources to improve and strengthen supply reliability.

Clark Water is also prioritizing the construction, reinforcement and replacement of new sewer lines for used water in the next 10 years.

Other used water services targeted by the business plan includes the upgrading of the Company’s wastewater treatment plant scheduled intermittently until the end of concession term, as well as the construction and improvement of lift stations, which is expected to materialize in the next 4 years.