Debtors impact Veolia Maroc’s cashflow
- From: Vol 11, Issue 2 (February 2010)
- Category: General
- Region: Africa
- Country: Morocco
- Related Companies: Office National de l’Electricité, Onep, Suez Environment and Veolia Maroc
The need to match its investment programme with incoming cashflows is becoming ever more apparent as Veolia heads into a critical review of its Moroccan concessions.
Veolia Environnement Maroc will head into this year’s quinquennial review of its Moroccan water, wastewater and electricity concessions seeking greater flexibility on its investment targets as a result of a shortfall in payments from its debtors.
Veolia’s Moroccan subsidiaries manage the 25-year concession contracts in the city of Rabat/Salé (Redal), and in Tangiers and Tétouan (Amendis ...
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