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Group offers to develop Laiban dam


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PUBLICLY LISTED Abacus Consolidated Resources and Holdings Inc. has submitted an unsolicited proposal to spend P60 billion to develop the Laiban Dam as a potential water supply source for Metro Manila.

 

In a disclosure to the Philippine Stock Exchange, Abacus said its proposal to the Metropolitan Waterworks and Sewerage System (MWSS) was to construct the Laiban Dam in Tanay, Rizal, to provide 1.9 billion liters a day to consumers in Metro Manila and supply the irrigation requirements of the agriculture sector of neighboring areas.

 

Abacus also proposed to construct a 30-megawatt (MW) hydropower plant within the area to help alleviate the critical energy requirements for the Luzon grid, which has been projected to incur a supply deficit of 3,000 MW by 2013.

 

The company, which is part of the consortium that gave an unsolicited proposal to construct the $1.2-billion Batangas-Manila natural gas pipeline, also wanted to provide affordable housing to affected families living within the areas where the Laiban Dam will be constructed.

 

 

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