JVACC-AEV Consortium wins Philippines water contract

JVACC-AEV Consortium, a joint venture between Aboitiz Equity Ventures and J. V. Angeles Construction, has secured a contract to fund, build and operate a bulk water project for Davao city in Philippines.

The consortium will construct a hydroelectric-powered bulk water treatment facility and conveyance system, which will supply 300 million litres of potable water a day to the Davao City Water District (DCWD).

J.V. Angeles has secured a notice of award (NoA) from the DCWD to cover the design, financing, construction and operations of the Tamugan Surface Water Developments Project. The JVACC-AEV Consortium will have to comply with the requirements in the NoA before the joint venture agreement with DCWD can be executed.

Hedcor, a subsidiary of Aboitiz Equity, will take care of the operational and technical aspects of the hydroelectric component of the facility.

In May 2013, Aboitiz Equity and J. V. Angeles signed a memorandum of understanding with the DCWD to provide potable water for various service areas in Davao City.

Aboitiz Equity is a local conglomerate with interests in banking, power, food and real estate. J. V. Angeles Construction has experience in the construction and development of water-related infrastructure.