Manila Water acquires WawaJVCo for P37.8B to boost Metro Manila water supply

Manila Water Company Inc., led by Enrique Razon, has acquired full ownership of WawaJVCo, Inc., consolidating the Wawa Bulk Water Supply Project under its operations for a P37.8-billion transaction with Prime Infrastructure Capital, Inc.

The acquisition will enable Manila Water to manage both the Tayabasan Weir and the Upper Wawa Dam directly, enhancing technical compatibility and system efficiency.

WawaJVCo is set to begin commercial operations in December 2025, delivering up to 712 million liters per day (MLD) to Metro Manila and nearby areas under a 30-year deal with MWSS and Manila Water for the supply of 518 MLD through 2050.

This move will significantly boost water supply in Metro Manila, benefiting over 700,000 households or approximately 3.5 million Filipinos as Angat Dam currently serves most of Metro Manila's needs with Kaliwa Dam not expected to be operational until 2027.

The acquisition is financially accretive and strategically aligned with Manila Water’s long-term operational and water security objectives, allowing for greater focus and flexibility in water resource allocation.