{"id":329861,"date":"2024-10-13T23:41:20","date_gmt":"2024-10-13T15:41:20","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329861"},"modified":"2024-10-13T23:41:22","modified_gmt":"2024-10-13T15:41:22","slug":"trade-the-news-mwc-expands-solar-projects","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mwc-expands-solar-projects\/","title":{"rendered":"Trade the News: MWC expands solar projects"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Manila Water Co.<\/td><\/tr>
Stock Code<\/strong><\/td>MWC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 30.25<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Manila Water Co., Inc. (MWC) is expanding its renewable energy portfolio as it begins the installation of solar power systems with a total capacity of 2.5 megawatt-peak in its three facilities.<\/p>\n\n\n\n

Manila Water will set up solar energy systems in Cardona Treatment Plant, East La Mesa Treatment Plant, and the San Juan Compound, the east zone concessionaire said in a statement on Tuesday.<\/p>\n\n\n\n

The solar energy systems are estimated to generate 3.6 million kilowatt-hours per year and are expected to reduce greenhouse gas emissions by approximately 2,564 tons of carbon dioxide equivalent annually, as well as mitigate power costs.<\/p>\n\n\n\n

\u201cAs a company whose business is heavily reliant on nature, it is imperative for us to be proactive in ensuring environmental sustainability across all aspects of our operations,\u201d said Jeric T. Sevilla, Jr., Manila Water\u2019s corporate communication affairs group director.<\/p>\n\n\n\n

\u201cThe Decentralized Solar installation is just one of the many energy-saving measures Manila Water is undertaking as part of our Energy and Sustainability Masterplan,\u201d he added.<\/p>\n\n\n\n

Manila Water partnered with Ditrolic Energy last year for a 15-year solar facility power purchase agreement worth P217 million.<\/p>\n\n\n\n

The three facilities are set for installation by the fourth quarter of this year.<\/p>\n\n\n\n

Once completed, the company\u2019s solar projects are expected to increase the facilities\u2019 operational efficiency, benefiting residents of Metro Manila, Rizal province, San Juan City, and Quezon City.<\/p>\n\n\n\n

\u201cBy investing in renewable energy sources such as solar power, Manila Water secures more sustainable operations while contributing to the broader goal of reducing the country\u2019s dependence on fossil fuels,\u201d the company said.<\/p>\n\n\n\n

Manila Water serves the east zone network of Metro Manila, covering parts of Marikina, Pasig, Makati, Taguig, Pateros, Mandaluyong, San Juan, portions of Quezon City and Manila, and several towns in Rizal province.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329861","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329861"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329861\/revisions"}],"predecessor-version":[{"id":329863,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329861\/revisions\/329863"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}