1486 articles in Americas
São Paulo state water company Sabesp, Latin America’s largest water and sewerage company, boosted its profit and debt performance last year. Year 2000 financial results are likely to bolster investor interest in the purchase of the state’s 88% stake. No date has been given for the sale but some analysts believe it could take place later this year following approval of a bill that would overhaul Brazil’s water and sanitation sector (see GWI, Vol. 2, Issue 3, p.4).
MINAS GERAIS state water company Companhia de Saneamento de Minas Gerais (Copasa) is to invest R$204 million (US$95 million) this year in infrastructure, 8.5% more than in 2000. Two-thirds of the investment, R$135.5 million (US$62.5 million), will come from the company’s own funds.
CAMPO GRANDE city water company Aguas Guariroba, operated by Aguas de Barcelona (Agbar), is to invest R$32 million (US$15 million) in the next two years. Aguas Guariroba paid R$65 million (US$30 million) to take on the 30-year concession for the state capital of Mato Grosso do Sul in southern Brazil last October.
US fourth quarter and end-of-year results started coming out in February and, so far, it seems that 2000 was a good year for the water industry with many companies reporting record earnings.
PRESIDENT FERNANDO HENRIQUE CARDOSO has sent the long-awaited draft bill (Lei Ordinaria 4147) that would overhaul Brazil’s basic sanitation sector to the Congress.
Brazil tentatively initiated its first large-scale application of a polluter pays scheme last month when talks began between representatives of the new federal water agency, Agência Nacional de Águas (ANA), the Río Paraiba do Sul Basin Committee (Ceivap) and representatives of 70 local industry and political bodies.
Last month’s GWI reported that Aguas Argentinas will increase tariffs in line with inflation plus 3.9% annually for the period 2001 to 2003. The new tariff will allow the company to increase its annual income and fulfil investment commitments in Buenos Aires over the next five years. This article, written by Barry Walton, certifier to the Aguas Argentinas concession, addresses some of the issues brought into focus by the price negotiations and expansion plans. In attempting to set prices and other measurables in an international context, the article seeks to contribute to the extension of such comparators where local information may be lacking. GWI hopes this is of considerable benefit to banks, corporate investors and technical operators of other large water and sewerage concessions.
FRENCH WATER TREATMENT GROUP DEGRÉMONT is to build a wastewater treatment plant in the Chilean capital, Santiago for the regional water services utility Emos.
RIO DE JANEIRO state governor Anthony Garrotinho signed R$118.3 million (US$58 million) worth of contracts for work on the Barra da Tijuca outfall project last month. Brazilian companies won all three contracts.
AGUAS ARGENTINAS – the SLdE/Agbar majority owned concessionaire – has renegotiated its 30-year water and sewerage concession in Buenos Aires.