Prime Infra consolidates Wawa water project under Manila Water

MANILA WATER Co., Inc. has acquired full ownership of Wawa-JVCo, Inc., consolidating the Wawa Bulk Water Supply Project under its operations in a P37.8-billion transaction with parent firm Prime Infrastructure Capital, Inc. (Prime Infra).

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In aregulatory filingon Monday, Manila Water said it acquired full ownership of WawaJVCo through common and non-voting preferred shares worth P37.8 billion.

Trident Water Company Hold-ings, Inc., a subsidiary of Prime Infra, holds control of Manila Water.

WawaJVCo, a joint venture between Prime Infra and San Lo-renzo Ruiz Builders & Developers Group, was established to de-velop, operate, and maintain the Wawa Bulk Water Supply Project, which is intended to augment Metro Manila’s raw water supply.

The company’s portfolio in-cludes the Tayabasan Weir in Antipolo, which has been opera-tional since October 2022 with a capacity of 80 million liters per day (MLD), and the Upper Wawa Dam in Rodriguez, Rizal, with a capacity of up to 710 MLD.