Sabesp, Caesb sign technical cooperation agreement - Brazil

São Paulo state water utility Sabesp (Bovespa: SBSP3, NYSE: SBS) has signed a technical cooperation agreement with federal district water utility Caesb, according to a Sabesp release.

The five-year agreement allows the utilities to form partnerships for water, sewerage, solid waste and energy projects, both in Brazil and abroad.

Under the terms of the document, the utilities will exchange technologies to reduce and control water loss and develop joint software and automated systems. The firms will also share their experiences of fundraising in capital markets, among other actions, the release said.

This is Sabesp's sixth interstate agreement. The utility has already signed agreements with Rio Grande do Sul utility Corsan, Alagoas' Casal, Paraíba's Cagepa, Santa Catarina's Casan and Espírito Santo's Cesan.

This year, the company also signed international cooperation agreements with Costa Rican water utility AyA and Spanish sanitation company Aguas de Barcelona (Agbar).

Caesb provides 93% of the federal district's urban population with potable water and sewerage services. All sewage is treated.

Currently, water shortage is the biggest challenge for Caesb. The utility is also working with Goiás state water utility Saneago to improve basic sanitation services in the region surrounding Brasília, which is also part of the federal district, the release said.

Business News Americas

Print this
article