Manila Water Company, Inc. is a Philippine company holding rights to provide water delivery, and sewerage and sanitation services under the terms of a 25-year concession agreement to approximately five million people in the East Zone, comprising a range of residential, commercial and industrial customers. During the year ended December 31, 2006, 77% of the Company’s revenues were generated from water delivery services. As of December 31, 2006, the Company supplied an average of 1,340 million liters per day (MLD) of water and distributed water to an estimated customer population of five million in the East Zone through approximately 892,000 households through 541,000 water service connections. The Company also manages and operates the sewerage system that covers a portion of its service area, as well as provides sanitation services, including desludging of septic tanks, to its customers in the East Zone.
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