By Emmie V. Abadilla
Aboitiz InfraCapital, Inc., the fifth leg and newest venture of the Aboitiz Group, just debuted its water business and is beefing up its portfolio over the short-term, optimistic about opportunities in the sector.
"We will continue to provide innovative infrastructure solutions to sustain the country’s economic growth," pledged Aboitiz InfraCapital Water Business Head and Apo Agua President Roman V. Azanza III at the ‘10th Specialist Conference on Efficient Urban Water Management’ at Marriott Hotel, Pasay City.
Aboitiz InfraCapital’s subsidiaries include Apo Agua Infrastructura, Inc. (Apo Agua), one of the largest bulk water projects in the country with a sustainable water source capable of supplying more than 300 million liters of water per day to over a million Davao residents.
“Our Apo Agua project is unique, the conjunction of water and power. It’s called the water-energy nexus," he explained.
"We’re using the water we tapped from the Tamugan river to power a 2-megawatt hydroelectric plant which is sufficient to supply all the power needs of our water treatment plant.”
Also included in the company’s water portfolio is Lima Water Corporation (LWC), an end-to-end bulk water service provider from production to wastewater treatment, supplying industrial and potable water with 8,700 cu.m. supply capacity to 600 hectares of industrial land.
“We have a minority investment with the Balibago Waterworks of . They’re actually one of the top five water players in the country,” Azanza noted, adding the company serves 150,000 households in 50 water distribution franchises in the Philippines.