A FOR ACTION
- From: Vol 14, Issue 2 (February 2013)
- Category: Need to know
- Country: Spain
- Related Companies: Acuamed
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Acciona Agua’s global revenues pierced the €500 million threshold for the first time last year.
- Acciona Agua’s global revenues pierced the €500 million threshold for the first time last year, as revenue from O&M and concessions work overtook construction income as the company’s principal source of revenue. The division diversified its order-book, securing inaugural contracts in Colombia, Costa Rica, Morocco and Saudi Arabia, whilst building on past successes in other key markets. To cap it all, the Spanish company has been short listed for Water Company of the Year.
- The Spanish environment ministry is considering merging parts of its loss-making desalination company Acuamed with the bulk water operator Mancomunidad de Canales de Taibilla (MCT) and selling off management of the resulting entity to the private sector. It is a sweet deal from the government’s point of view. Acuamed loses money, but has lots of desalinated water to spare, whereas MCT makes money but desperately needs additional resources.
- The three-way carve-up of the Spanish municipal operations market amongst the three As (Agbar, Acciona and aqualia) looks set to continue with the award of an €80 million 25-year concession serving Jeréz to aqualia. No one else bid.