Maynilad to expand water storage to 960 million liters by 2026
West zone concessionaire Maynilad Water Services Inc. is set to raise its water storage capacity to 960 million liters next year from 779 million liters in 2024 to ensure efficient supply to its growing consumer base.
In a statement on Monday, Nov. 10, Maynilad announced that it is constructing three new reservoirs, two of which will be located in Quezon City and one in Valenzuela City.
These reservoirs are part of Maynilad’s ₱31.9-billion capital expenditure (capex) program for operations support projects to be implemented over the next five years.
According to Maynilad, the new facilities would improve supply and ensure enough water pressure during peak demand, especially for customers located in elevated areas.
Ramoncito S. Fernandez, Maynilad president and chief executive officer (CEO), said the initiative will help boost service reliability, as the concessionaire serves around 10.5 million people as of the first quarter of 2025.
“By building more strategically located reservoirs, we are strengthening our distribution system and ensuring better service for customers, especially in areas that experience low pressure during peak demand,” he said.
Maynilad also said that it is adopting cost-efficient and streamlined processes, at the same time utilizing renewable energy (RE) for its current infrastructure investments.
As of end-June, Maynilad has eight water treatment plants, 39 operational reservoirs, 41 pumping stations, and a 7,886-kilometer (km) distribution network.
The water company also has 21 deep wells that may be utilized as backup in case of supply disruptions.
Last week, the company made its debut on the Philippine Stock Exchange (PSE) following its ₱34.33-billion initial public offering (IPO), with 61 percent of the shares purchased by cornerstone investors from Asia.
This milestone, according to Fernandez, would allow Maynilad to continue its long-term expansion plans for its water and wastewater developments.
Maynilad continues to be the country’s largest private water concessionaire, servicing the western parts of Manila, Quezon City, Makati City, Caloocan City, Pasay City, Parañaque City, Las Piñas City, Muntinlupa City, Valenzuela, Navotas City, Malabon City, and Cavite province.