Manila Water slapped with P1-B fine for supply shortage
Robie de Guzman • April 24, 2019 • 1698
MANILA, Philippines — The Manila Water Co. Inc. is facing fines amounting to P1.5 billion in connection with the supply shortage being experienced in the east zone concession.
The Metropolitan Waterworks Sewerage System (MWSS) said in a statement that penalties include P500 million for customers’ refund, P600 million for the company to develop a new water source, and the remaining fine is for failing to meet service requirements.
The sanctions are on top of the voluntary full bill waiver imposed by the Manila Water, which it said earlier would cost the company nearly P500 million.
In a separate statement, Manila Water assured it will abide by the sanctions imposed by the MWSS.
“While we are not the root cause for the inadequacy of the raw water supply coming from Angat Dam which we are mandated to treat and distribute, Manila Water, as agent and contractor of water services of MWSS, hold ourselves accountable for our inability to provide our consumers with the usual uninterrupted water service,” company president and CEO Ferdinand dela Cruz said. — Robie de Guzman
MANILA, Philippines – Manila Water’s president and CEO Ferdinand dela Cruz resigned on Thursday (August 8).
This was announced through a disclosure of the Philippine Stock Exchange following a meeting by the firm’s Board of Directors on Thursday afternoon.
In a statement on Friday (August 9), Dela Cruz confirmed his resignation citing personal reasons.
“(I) have opted to retire from Ayala Corporation now that our services are relatively stable, a new water resources roadmap is in place and a demand management plan has been initiated,” he said,
Dela Cruz’ resignation takes effect on August 31, 2019.
He will be replaced by Rene Almendras taking over as President, Chief Executive Officer, and Chief Sustainability Officer of Manila Water effective September 1, 2019.
Almendras served as Secretary of Foreign Affairs, Energy and Cabinet Secretary during the administration of former President Benigno Aquino III.
Before he entered the government service in 2010, he already served as Manila Water’s president and CEO.
The Supreme Court (SC) recently fined Manila Water over P900 million for violating the Clean Water Act.
Meanwhile, the Metropolitan Waterworks and Sewerage System (MWSS) Board also demanded P1.13-billion payment from Manila Water for the supply crisis that disrupted water supply in Metro Manila last March.
UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.