Pure Energy Holdings Corp. bags P600-million water supply deal

Danessa Rivera (The Philippine Star) - February 1, 2019 - 12:00am

MANILA, Philippines — The water unit of Pure Energy Holdings Corp. has bagged the P600-million Nabua water supply deal in Camarines Sur, growing its footprint beyond the Visayas region.

Pure Energy said its subsidiary Tubig Pilipinas Group Inc. (TPGI) has been issued a notice of award on the P600-million joint venture project by the Nabua Water District (NAWAD) in the municipality of Nabua, Camarines Sur. 

This covers the overall design, construction, and management of the water supply and septage system of NAWAD.

Under the deal, TPGI will be in charge of the water supply and septage systems of NAWAD for 30 years until the year 2049, and is renewable for another 20 years. 

Nabua is a first class municipality in the province of Camarines Sur that has three existing potable water supply systems: NAWAD, Duran Water System and Sagumay Water System. 

As of June 2017, NAWAD supplies water to 39 barangays of Nabua. It currently draws 60,000 cu. m from Santiago Old Pumping Station and 45,000 cu.m from Baao Water District and Iriga City Water District, respectively. 

This is the company’s fourth bulk water project to-date, three of which are located in the Visayas region.

“We are beginning to build our footprint as this is our fourth project,” TPGI president and CEO Ryan Yapkianwee said.

“Our joint venture with NAWAD will be a step closer to our goal of providing more efficient and cost effective water supply systems in the Philippines, especially to the underserved areas,” he added.

TPGI has operations in Cadiz City which is set to supply 4,000 households and another in the Calbayog City with the concession closed in December.

“We look forward to closing more long term contracts in the near future, that may include some areas in Mindanao and Northern Luzon,” Yapkianwee said.

TPGI is engaged in the business of supplying, distributing, operating and managing water systems.

With its affiliate Princess Urduja Waterworks System Inc., it is operating in major cities and towns in Pangasinan, Isabela, Cavite, and Negros.

Pure Energy Holdings Corp. is an investment holding company that aims to strategically acquire assets, develop natural resources that are sustainable.

It is currently engaged in renewable energy and bulk water services and or distribution to various cities, municipalities, and communities in the Philippines. 

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