Manila: A subsidiary of Philippine conglomerate Ayala Corp. has prequalified to bid for a water project in West Bengal, the company said in a statement on Thursday.
The project, implemented by the Haldia Development Authority, involves the construction of a water treatment plant with a daily capacity of 113.5 million litres, and a 10-year operation and maintenance deal for the existing water supply scheme.
Manila Water, which has teamed up with India’s Jindal Water Infrastructure for the water project, is competing with foreign companies like Malaysia’s Ranhill and Salcon Bhd and French utilities group Veolia.
Manila Water provides water and wastewater services to over 5 million customers in the east of Manila. The company said it has two other active bids in Asia, one for a non-revenue water reduction project in Vietnam and another for a wastewater project in Hong Kong.
Shares of Manila Water slipped 1.3% on Thursday at 19 pesos in a broader market down 3.2%.