SUEZ IN THE NEWS
- From: Vol 5, Issue 6 (June 2004)
- Category: Need to know
- Region: Americas
- Country: Argentina
- Related Companies: Aguas Argentinas, Aguas de Barcelona, AquaSource, Endesa, EVN AG, Gas Natural, Prodin, Standard & Poor’s, Suez, Sumitomo, Tractebel and WTE Wassertechnik
Suez is still fighting to come to terms with political intervention in the tariff setting process in Argentina.
It lost more than €500 million when the government refused to allow it to increase tariffs according to the agreed escalator clause after the devaluation of the peso in 2002. For most of the past two years Suez has been battling to retain its concession and to increase tariffs to a sustainable level, while the government has been threatening to ...
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