Tuesday, 13 April 2010

Manila Water eyeing 6 projects in India

Manila Bulletin

Manila Water Company Inc. (MWCI) is eyeing six water projects in India through a joint venture it recently signed with New Delhi-based steel pipe maker Jindal Water Infrastructure Limited (JWIL).

At the sidelines of MWC’s annual stockholders’ meeting Monday, MWC president Rene Almendras said they are currently in the process of pre-qualification for these prospective projects.

He said these include two concession type projects, two bulk water supply deals as well as two operating and maintenance agreements in three states they are targeting.

MWC said earlier that the firms will engage in water supply, wastewater and other environmental services in the states of Rajasthan, Gujarat and Maharashtra in India.

They will create a joint venture company which will carry out planning and development of the water projects under a pre-arranged budget.

“Through this partnership, Manila Water and JWIL seek to leverage on their key strengths and core competencies and eventually provide synergies in establishing a regional presence in India,” MWC said.

JWIL is part of the O P Jindal Group, one of India's largest business houses. It was formed as a service company to focus on designing sustainable and innovative solutions in water and wastewater management.

Meanwhile, MWC chairman Jaime Zobel de Ayala said the firm is investing P50 billion for the construction of at least 25 sewerage treatment plants under the “Three River Master Plan” which covers the Marikina, San Juan and Pasig rivers.

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