Sum-Ag Water Treatment Plant in Bacolod City Inspected by President Ferdinand Marcos Jr.
Developed by TPGI through its subsidiary Bacolod Bulk Water Inc. (BBWI), the Sum-Ag facility and Caliban Intake add 25 million litres per day (MLD) of potable water supply to Bacolod City’s water system under a long-term supply arrangement with the Bacolod City Water District (BACIWA). This improves access to safe, reliable water for 180,000 people amid recurring water shortages. BBWI has supplied potable water to Bacolod City since 2017 through its Ngalan Water Treatment Plant, which provides up to 25 MLD. The Sum-Ag and Caliban facilities represent the next phase of expansion to strengthen supply reliability and help address recurring water shortages in the city.
CFM’s investment in TPGI is made through Climate Investor Two (CI2), a USD 1 billion (59.4 billion PHP) blended finance facility focused on water, waste and oceans infrastructure in emerging markets, supported by the European Union with a USD 12.5 million (738 million PHP) window dedicated to mobilising investments for the Philippines. CFM is a joint venture between Dutch Entrepreneurial Development Bank FMO and Sanlam InfraWorks of South Africa. Climate Investor Two provided USD 6.9 million (410 million PHP) in development funding, and invested a further USD 14.2 million (844 million PHP) in TPGI through its Construction Equity Fund in exchange for a 15% minority stake in the platform, supporting five additional water district projects in TPGI’s portfolio.
Across the Philippines, growing urban demand and climate-related pressures are increasing the need for resilient water infrastructure. Currently, only around 48% of the population receives safely managed or piped water services¹. In Bacolod City, maintaining a consistent water supply has been a recurrent challenge, with some areas experiencing low pressure and periodic water rationing.
TPGI develops and operates water infrastructure across the Philippines, including potable water supply, distribution and wastewater treatment solutions, with a focus on expanding access to reliable services outside Metro Manila. The Sum-Ag Water Treatment Plant is an important step in strengthening essential water infrastructure for fast-growing communities such as Bacolod City.
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Notes to Editors
¹ World Bank, “Municipalities and Cities Need Strong National Government Support to Ensure Safe Water and Sanitation for All,” December 2023.
About Tubig Pilipinas Group Inc. (TPGI):
Tubig Pilipinas Group Inc. (TPGI) is a Philippine water infrastructure platform focused on developing, operating, managing and rehabilitating waterworks, distribution systems and related services. TPGI delivers sustainable bulk potable water, wastewater and sanitation solutions in key urban and high-growth areas outside Metro Manila. Tubig Pilipinas operates water projects in Samar, Cavite, Nabua, Isabela, Camarines Sur, Nueva Ecija, Palawan and Negros Occidental and is moving towards a follow-on-share offering, helping improve access to reliable services for unserved and underserved communities. www.tubigpilipinas.com
About Climate Fund Managers:
Climate Fund Managers (CFM) is a climate-focused blended finance investment manager operating in emerging markets across Africa, Asia, and Latin America. CFM raises and deploys blended climate finance funds, working in partnership to deliver climate-resilient solutions at scale and pace. With over USD 2.8 billion in assets under management and targeting an additional USD 4 billion, CFM’s private equity and private credit facilities address key areas of climate change mitigation and adaptation, including renewable energy, green hydrogen, energy transmission, water, waste and sanitation, and biodiversity and oceans infrastructure. CFM currently has 50 active projects across its Climate Investor One, Two and Three equity funds and has recently expanded into private credit through the GAIA Climate Loan Fund. CFM’s funds are supported by public and private sector organisations, with public capital deployed strategically to balance risk and mobilise private sector capital, enabling investment across the project lifecycle - from development to construction and operation. Established in 2015, CFM is a joint venture between Dutch development bank FMO and Sanlam InfraWorks of the Sanlam Group of South Africa, with offices in The Hague, Cape Town, Singapore and Bogotá. www.climatefundmanagers.com.
About the European Union:
The European Union (EU) is an economic and political union of 27 European countries. It is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights, including the rights of persons belonging to minorities. It acts globally to promote sustainable development of societies, environment and economies, so that everyone can benefit. The EU has contributed €30 million to CI2 as part of the Global Gateway, the European strategy for sustainable and trusted infrastructure for people and the planet that will mobilise up to €300 billion of investments for high-quality projects globally, taking into account the needs of partner countries and ensuring lasting benefits for local communities. The total EU contribution to CFM-managed funds is EUR 178 million to date plus a EUR 205 million EFSD+ guarantee, making them the largest public investor in CFM operations. https://european-union.europa.eu/index_en
For more information, please contact Sophie Blythe: s.blythe@climatefundmanagers.com.
Disclaimer
CFM is a manager of alternative investment funds and has obtained an AIFMD license from the Dutch Authority for the Financial Markets (Autoriteit financiële markten) pursuant to section 2:65 of the Dutch Act on Financial (Wet op het financieel toezicht). CFM is included in the public register maintained by the AFM on its website under license number 15004367. CFM is the appointed fund manager of Climate Investor One, Climate Investor Two and Climate Investor Three. The Construction Equity Funds of Climate Investor One and Climate Investor Two and the Climate Investor Three Fund are registered Alternative Investment Funds with the AFM.