CEBU CITY – Power company Vivant Corporation announced that its wholly-owned subsidiary, Vivant Hydrocore Holdings Inc. (VHHI), has been awarded a 25-year bulk water supply agreement by the Metropolitan Cebu Water District (MCWD).
This was disclosed by the company in a statement to
the Philippine Stock Exchange after it received notice from its water
infrastructure unit.
“MCWD concluded a successful bid for the Cordova
Bulk Water Supply Project through a solicited proposal with VHHI as the private
sector proponent and Watermatic Philippines Corporation (WMP) as its technical
partner,” the statement reads.
The firm said VHHI will build a utility-scale
desalination plant that will augment the limited bulk water supply of MCWD
cubic meters by 20,000 cubic meters per day of treated and potable water. “This
investment in bulk water supply is a key milestone for the Vivant group to
deliver on its promise to provide forward-looking and adaptable solutions for
its communities,” the company said, adding, the Vivant Group is also set to
sign a joint venture agreement with MCWD.
Water supply has been one of Cebu’s major economic
challenges in recent years, with the increased urbanization in the metropolitan
area. The water demand is expected to increase with the rising economic
activities and growing industries in Cebu.
The fast population growth in Metro Cebu is also
increasing the pressure on existing systems of water supply. The expanding
urbanization and the rising population are two major factors cited to have
intensified the challenges related to water quality and wastewater treatment. (Carlo Lorenciana)
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