Copasa gets US$145mn KfW financing for Paraopeba cleanup

- Friday, June 3, 2011

Copasa gets US$145mn KfW financing for Paraopeba cleanup

Brazil and Germany have approved a 100mn-euro (US$145mn) loan from German banking group KfW to Brazil's Minas Gerais state utility Copasa (Bovespa: CSMG3) to support the company's Paraopeba river basin cleanup program, the utility's program coordinator, Antonio Ivan, told BNamericas.

"The loan agreement should be signed by end-June," said Ivan, who recently took over coordination of the cleanup program.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

Work will be carried out in municipalities Betim, Congonhas, Conselheiro Lafaiete, Ibirité, Igarapé, Mário Campos, Mateus Lemes and São Joaquim de Bicas.

Copasa is currently preparing a tender for a four-year project to build a wastewater treatment plant in Ibirité, which is one of the program's main components. The plant will be the first in Brazil to provide tertiary wastewater treatment, according to Ivan.

Other works include the installation of two sludge treatment units at the Juatuba and Várzea das Flores water treatment facilities in Betim, as well as a biogas to energy system for the Betim wastewater treatment facility and another in Ibirité.

The Paraopeba cleanup is expected to improve the wastewater collection and treatment rate in the Minas Gerais metropolitan region to 90% from 60% over the next four years.