Sedapal invested US$97mn through June

- Monday, August 1, 2011

Sedapal invested US$97mn through June

Peru's state-owned water utility Sedapal, serving Lima and neighboring Callao, spent some 267mn soles (US$97.3mn) through end-June, which represents 96% of its budget.

Sedapal funded 228mn soles in potable water and sewerage improvements internally, while taking on external debt of 39mn soles, local paper Gestión reported.

Funds were used to carry out studies and works to improve sewerage systems in outer Lima and projects under the government's Agua para Todos (water for all) program, as well as building the Huascacocha reservoir which will provide potable water for 2.4mn residents in eight of the capital's northern districts.

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Sedapal increased its billed water volume through June to 228Mm3, up from 218Mm3 in January-June 2010.

The company reported a net profit of 74.8mn soles in the first half of 2011, compared with 39mn soles in the same period last year.