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Sabesp loses its premium valuation

Shares in Brazilian water utility Sabesp slumped by 5% earlier this week after the company revealed that its board approved a tariff adjustment of 2.35% – well below what it had been targetting.

“In our view, [regulator] ARSESP has not delivered for all stakeholders,” Brean Capital analyst Michael Gaugler wrote in a research note. “The current tariff structure is a ...

Spain’s water infrastructure budget runs out

EPC contractors building wastewater treatment plants for the Spanish government have been told that payments will be delayed and contracts potentially cancelled because the environment ministry’s infrastructure budget is exhausted.

The director-general of water, Liana Ardiles, has warned firms that insufficient funds were approved in the 2013 budget to cover the ministry’s infrastructure commitments, an environment ministry spokesman ...

Algerian water management contract to be re-tendered

Algeria is planning to launch a tender next month for a 5.5-year contract to manage the water and wastewater utility SEATA, which operates in the cities of Annaba and El Tarf.

This is the second attempt at structuring a successful management contract for SEATA: in 2008, Gelsenwasser won a five-year contract which was subsequently revoked in April 2011 after ...

Kemira rises on margin restoration, outlook for 2016

Kemira edged closer to its 2014 target of a minimum 10% EBIT margin by announcing an encouraging set of first-quarter results earlier this week, which saw its EBIT margin increase 40 basis points to 7.0% on revenues of €561 million (up 3%).

The results were announced in tandem with a sharpened strategy for the future, which established a target ...

Degrémont shines in a difficult quarter for Suez

Suez Environnement’s first-quarter revenues slipped backwards by 2.6% to €3.5 billion against the backdrop of a difficult economic context in Europe, although the group’s EBITDA margin improved incrementally year-on-year to 16.3%.

Although revenues in the Water Europe division were up by 3.4%, a drop in treated waste volumes and falling secondary raw materials prices ...

City of Harrisburg cancels O&M outsourcing plans

The long-awaited RFP for the operations and maintenance of the water, wastewater and stormwater assets of the City of Harrisburg and the Harrisburg Authority (THA) will now not be dispatched, GWI has learned.

The state-appointed receiver for the City of Harrisburg, Pennsylvania, and the Harrisburg Authority (THA) have scrapped all plans for an O&M contract, and will instead create ...