Aguas Chañar to close year with US$22mn in investments

Friday, October 28, 2011

Chilean water utility Aguas Chañar, serving northern region III, expects to close out 2011 with 11bn pesos (US$21.9mn) in investments made in infrastructure.

The utility had to increase investment due to water scarcity in the region, particularly in the Copiapó river basin, as well as a faster than expected decline in the water levels of wells, the company said in a press release.

In light of these events, the company decided to move forward its project portfolio by three years to address the water supply conditions.

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Recent projects include the Piedra Colgada pumping station, located 20km north of regional capital Copiapó, which allowed Aguas Chañar to shift water flow in a west-east direction, improving water services to the city.

The company expects to double water production in Copiapó in the coming years in line with the region's economic growth.

"We are willing to make all investments necessary to achieve this," said general manager Diego Barros.