TRIDENT WATER COMPANY HOLDINGS, INC.
Trident Water Company Holdings, Inc. (Trident Water) is a subsidiary of Prime Infrastructure Capital, Inc. and is a private company registered with the Securities and Exchange Commission. It was incorporated on March 3, 2020. Trident Water is the controlling shareholder of Manila Water Company, Inc.
MANILA WATER COMPANY, INC.
Manila Water Company, Inc. (Manila Water) was incorporated on January 6, 1997 and started commercial operations on January 1, 2000. It became a publicly listed company via an initial public offering on March 18, 2005.
Manila Water holds the right to provide water and waste water services to the eastern side of Metro Manila under a Concession Agreement (CA) entered into between Manila Water and the Metropolitan Waterworks and Sewerage System (MWSS) in August 1997 (“Manila Concession”). The original term of the concession was for a period of 25 years to expire in 2022. The Manila Concession was extended by another 15 years by MWSS and the Philippine Government in 2009, thereby extending the term from May 2022 to May 2037.
On December 10, 2021, the franchise of Manila Water (Republic Act (RA) No. 11601) was signed into law and became effective on January 25, 2022. Said law grants Manila Water the franchise to establish, operate, and maintain a waterworks and sewerage system in the East Zone Service Area of Metro Manila and the Province of Rizal for a period of twenty-five (25) years and confirms the status of Manila Water as a public utility.
The Company provides water treatment, water distribution, sewerage and sanitation services to more than seven (7) million people in the East Zone, comprising a broad range of residential, semi-business, commercial and industrial customers. The East Zone encompasses twenty-four (24) cities and municipalities spanning a 1,400-square kilometer area that includes Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila and Parañaque, as well as the following towns of Rizal: Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Rodriguez, San Mateo, Tanay, Taytay, and Teresa.
Trident Water is the controlling shareholder of Manila Water, with a 52.16% interest. The other substantial shareholders of Manila Water are Philwater Holdings Company, Inc., and Ayala Corporation, with a 19.01% and 12.26% stake, respectively.
MWC and BIWC
MANILA WATER PHILIPPINE VENTURES, INC.
Manila Water Philippine Ventures, Inc. (MWPV), formerly All Asia Anglian Water Corporation, was incorporated in September 1998, and conducts business under the name and style of Estate Water. MWPV is engaged in project development activities relating to the following: (a) concession services for water and wastewater utilities; (b) operation and maintenance of water and wastewater systems; (c) BOT (Build-Operate-Transfer) projects and any variants thereof; (d) technologically advanced process solutions (i.e., design, construction, refurbishment and provision of key technologies); € privatization management for water districts/authorities; and (f) water industry consultancy.
MWPV is a wholly-owned subsidiary of Manila Water and houses the 20 domestic subsidiaries of the Manila Water Group.
MANILA WATER ASIA PACIFIC PTE. LTD.
Manila Water Asia Pacific Pte. Ltd. (MWAP) is the holding company for the international ventures of Manila Water. It is the sole shareholder of Manila Water South Asia Holdings Pte. Ltd. (MWSAH), Thu Duc Water Holdings Pte. Ltd. (TDWH), Kenh Dong Water Holdings Pte. Ltd. (KDWH), and Manila Water (Thailand) Co.
Under MWAP are two (2) affiliated companies in Vietnam, namely Thu Duc Water B.O.O. Corporation (“Thu Duc Water”) and Kenh Dong Water Supply Joint Stock Company (“Kenh Dong Water”), both supplying treated water to Saigon Water Corporation (SAWACO) under a take-or-pay arrangement. Also under MWAP are Saigon Water Infrastructure Corporation (“Saigon Water”), a holding company listed in the Ho Chi Minh City Stock Exchange, and Cu Chi Water Supply Sewerage Company, Ltd. (“Cu Chi Water”).
Apart from its operations in Vietnam, MWAP has associates in Thailand and Indonesia through Eastern Water Resources Development and Management Public Company Limited (“East Water”), a fully integrated water supply and distribution company listed in the Stock Exchange of Thailand (SET), and PT Sarana Tirta Ungaran (PT STU), an industrial water supply operation in Indonesia, respectively.
In the Middle East, MWAP has two (2) Management, Operation and Maintenance Contracts (MOMC) with the National Water Company (NWC) of the Kingdom of Saudi Arabia for its North West and Eastern Clusters. The MOMC contains the management, operations, and maintenance of the water and wastewater facilities to be undertaken through the consortium of Manila Water with Saur SAS and Miahona Company over a seven-year contract period, which entails the implementation of enabling projects and the deployment of key personnel to manage the cluster and achieve Key Performance Indicators target set by the NWC.
LAWC and CWC
LAGUNA AAAWATER CORPORATION
Laguna AAAWater Corporation (Laguna Water) was incorporated in December 2001 by virtue of a joint venture agreement between MWPV and the Provincial Government of Laguna (PGL). The Company’s primary purpose is to undertake the development, design, construction, operation, maintenance and financing of the water and wastewater facilities that will service the needs of the residents of the Municipalities in the Province of Laguna.
In April 2002, Laguna Water entered into a Concession Agreement with the PGL. The Concession Agreement grants Laguna Water (as contractor and as agent for the exercise of certain rights in Laguna) the right and discretion during the concession period to manage, occupy, operate, repair, maintain, decommission and refurbish the transferred facilities and design, construct and commission new facilities required to provide water services to specific areas for an operational period of twenty-five (25) years. The Concession Agreement was amended on March 31, 2004, June 22, 2009, June 30, 2015, and May 3, 2018.
MWPV has a 70% stake in Laguna Water, while the Provincial Government of Laguna owns 30%.
BORACAY ISLAND WATER COMPANY, INC.
Boracay Island Water Company, Inc. (Boracay Water) was incorporated in December 2009 following the signing of a 25-year Concession Agreement with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), then the Philippine Tourism Authority, in the same month. The Concession Agreement granted Boracay Water sole right to manage, operate, repair, decommission, and refurbish all fixed and movable assets (except certain retained assets) required to provide water delivery and sewerage services in the entire Boracay Island in Malay, Aklan beginning January 10, 2010 until December 31, 2034. Boracay Water took over the operations from Boracay Water Sewerage System (BWSS) on the commencement date of the Concession Agreement.
Boracay Water is a subsidiary of MWPV. MWPV has an 80% stake in Boracay Water, while the remaining 20% is owned by TIEZA.
CMWDI and MWTS
CEBU MANILA WATER DEVELOPMENT, INC.
Cebu Manila Water Development, Inc. (Cebu Water) was incorporated in May 2012 pursuant to a joint investment agreement entered into on March 21, 2012, between the Provincial Government of Cebu (PGC) and Manila Water, with 49%:51% equity participation, respectively. The agreement was executed to develop the water supply facilities that will deliver treated bulk water in a specified area in the Province of Cebu.
On December 13, 2013, Cebu Water received a Notice of Award for the bulk water supply project from the Metropolitan Cebu Water District (MCWD). On December 18, 2013, Cebu Water and MCWD signed a twenty-year Water Purchase Agreement (WPA) for the supply of 18 million liters per day of water for the first year and 35 million liters per day for years two (2) up to twenty (20).
Cebu Water is a subsidiary of the Manila Water Consortium, Inc. (MWCI). MWCI is 80% owned by MWPV and 20% owned by Vicsal Development Corporation (VDC).
CLARK WATER CORPORATION
Clark Water Corporation (Clark Water) was incorporated in 1999 and is primarily engaged in the development, operation and maintenance of dams, reservoirs, conduits, aqueducts, tunnels, purification plants, water mains, pipes and other fixed and movable assets required to provide water treatment and sewerage services; and the purchase, ownership, or otherwise holding of shares of stock or equity in corporations engaged in the foregoing activities.
Clark Water was formerly owned by Philippine Water Holdings, Inc. and Veolia Water Philippines, Inc. (Veolia). In March 2000, Veolia entered into a Concession Agreement with the Clark Development Corporation (CDC), whereby the former would finance, design, construct, operate and maintain the water and sewerage system inside the Clark Freeport Zone (CFZ) for a period of twenty-five (25) years beginning October 1, 2020. In September 2000, Veolia assigned its rights and obligations under the Concession Agreement to Clark Water. In August 2014, Clark Water and the CDC signed an amended Concession Agreement extending the concession period until October 1, 2040.
Clark Water is a wholly-owned subsidiary of MWPV.
MANILA WATER TOTAL SOLUTIONS CORP.
Manila Water Total Solutions Corp. (MWTS) was incorporated in August 2008. It is engaged in the consultancy and implementation of water and wastewater networks, maintenance and repair services related to water and waste water treatment facilities, and the operation, maintenance and repair services related to water and waste water networks.
MWTS is a wholly-owned subsidiary of Manila Water.