Economy

Prime Infra spends over P134M on sustainability

RAZON-Led Prime Infrastructure Capital, Inc. (Prime Infra) said on Tuesday that it had spent about P134.5 million on various access to clean water and sanitation projects for marginalized communities.

“Across our businesses in the water, energy and waste management sectors, we are driven by our commitment to build better lives and resilient economies—whether in the development of critical infrastructure or through the social projects we implement with our partner communities,” Prime Infra President and Chief Executive Officer Guillaume Lucci, said in a media release.

Manila Water Co., Inc. also led by Enrique K. Razon, Jr., through Manila Water Foundation, said that it had spent over P100 million for access to clean water, sanitation and hygiene facilities in marginalized communities and public institutions.

In 2022, Manila Water Foundation said it served over 2.54 million beneficiaries in 117 locations.

Prime Infra also said that its programs and initiatives focusing on socio-cultural preservation, capacity building, and health and disaster resilience are distributed with its units, WawaJVCo Inc., Ahunan Power Inc.; and Prime Integrated Waste Solutions Inc. (PWS).

Prime Infra has interests in developing assets related to energy, water and waste management and infrastructure.

“Our goal is to continue to work in partnership with our project’s host local governments and communities as they lead and ultimately deliver the much-needed socio-economic benefits that will uplift their lives,” Mr. Lucci said.

Prime Infra added that its waste solutions company, PWS, continues to conduct its information drive to educate the public on waste management.

Last month, PWS announced that it had fully acquired ARN Central Waste Management, Inc., a Cebu-based waste management company that offers treatment services and air purification. — Ashley Erika O. Jose

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top