2005 - 2006 - Pinsent Masons Water Yearbook 2012

FRANCE PART 3 (i): COMPANY ANALYSIS: MAJOR PLAYERS
2001 Görlitz Acquisition (74.9%) 80,000 municipal services
Saxony’s Stadwerke Görlitz had a DM120 million (€61 million) turnover in 2000. It provides waste
management, water, sewerage, energy and public transport services to the town.
2003 Gera 10 year BOT 165,000 water & wastewater
The contract is with the municipality of Gera in Thuringia. Total revenues for the contract will be €130
million.
2004 Braunschweig 10 year BOT 250,000 water & wastewater
Veolia Water acquired 74.9% of Braunschweiger Versorgungs AG (BVAG) in December 2004 for
€372.5 million. The company manages water and wastewater services for the city in Lower Saxony.
The company will generate revenues of €270 million per annum from 2005.
Belgium
2001 Brussels 20 year BOOT 1.1 million sewage treatment
Construction of the Brussels North STW is due to start during 2003, with completion in 2006. The
contract is worth a total of €1 billion over its life, including €290 million in Capex and a fee of €49.6
million per annum for the Aquiris consortium.
Sweden
2001 Norrtalje 10 year ‘concession’ 50,000 water & wastewater
The turnover over the life of the contract will be €25. This is the first water PPP in Sweden.
Norway
2003 Oslo Construction/operation option Water treatment
This is to be the largest water treatment plant in Norway, serving some 250,000 people and costing
€73 million in total. There is an option for a 20 year operations contract worth €102 million.
Italy
Until 2005, VE was effectively engaged in managing a portfolio of operating contracts and strategic
stakes. The 2005 acquisition of Enel Hydro, has more than compensated for the decision to sell its
stakes in the two Genovan water companies to Amga
Operations and stakes in Italy Holding Population Services
CGA Majority 345,000 Water
SAP Majority 50,000 Water
Siemec Majority 700,000 Sewerage
Acquisition of Enel Hydro
75% of Siciliacque, the entity running Sicily's water distribution system was sold to a VE and Enel joint
venture in 2004 for €299 million. The 40 year concession starts in 2004 and calls for investments of €1
billion, including €300 million in the first decade and reducing leakage from 30% to 12%.
Enel’s water activities were sold to Veolia for €36 million in May 2005. Enel Hydro SpA provides water
to 6.1million people, mainly through Idrosicilia SpA which provides water management services in
Sicily. VE acquired 100% of Enel Hydro in the deal, along with 20% of Idrosicilia and an option for
Enel’s remaining 40% stake in the latter company.
244
Pinsent Masons Water Yearbook 2005 – 2006