2005 - 2006 - Pinsent Masons Water Yearbook 2012

GERMANY PART 3 (i): COMPANY ANALYSIS: MAJOR PLAYERS
TPJ operations provide in the region of 142m3 pa of water despite suffering from high NRW loss
(49% in 2004). A full capital programme has been deferred due to the delay in rebasing however it is
anticipated that €136 million will be spent on capital work over the life of the project.
Puerto Rico
1996 San Juan 5 + 15 years DBO 1.7 million water customers
A 5 year DBO (3 years construction and 2 years operation) 50:50 JV with Dick Corporation of
Pittsburgh for water services to 1.6 million people in San Juan. The US$300 million contract has been
extended for a further 15 years as a full concession contract. The facility entered service in
September 2000. The 0.4 million m3 per day, 5 year O&M contract runs through September 2005.
This is now managed by American Water.
Chile
TW acquired three of the water companies to have been privatised. TW now has more than 1,000
employees in Chile, and a total turnover of US$90 million. RWE is seeking to sell these activities,
possibly by the end of 2005.
2000 ESSEL Asset ownership 0.77 million water & 0.62 million sewerage
customers
Inversiones Andes Sur, the TW/EDP JV acquired 51% Empresa de Servicios Sanitarios del
Libertador (ESSEL) of Chile for US$136 million in March 2000. The company serves 600,000 people
in the city of Rancagua in Chile’s 6th Region. ESSEL had a 2001 turnover of US$19 million. TW
bought out EDP's share of the company for US$70.5 million in December 2001.
2000 ESSBIO Asset ownership 1.85 million water & 1.65 million sewerage
customers
TW’s Inversiones Aguas de Arauco acquired a 51% stake in Empresa de Servicios Sanitarios del Bio-
Bio S.A. (ESSBIO) for US$336 million in October 2000. Originally, TW acquired a 42% stake for
US$282m in September 2000. Located in Concepción, 350 miles south of the capital, Santiago,
ESSBIO serves 1.5 million people in Chile's 8th region, and had a 2001 turnover of US$46.9 million.
Capital investment of approximately US$180 million between 2002 and 2006 is planned, primarily
targeted at wastewater treatment in Concepcion (entered service in 2003, serving 500,000 people)
and Los Angeles (140,000 people) and enhanced customer service across the region, including
extending sewerage connections from 10% to 70%.
ESSBIO and ESSEL merged in September 2002, the new enlarged company using the name
ESSBIO.
2001 ANSM 30 year concession 0.9 million water & 0.85 million sewerage
customers
The concession contract was purchased for US$171 million in November 2001. Aguas Nuevo Sur,
Maule (ANSM) is located in the 7th region, serving a population of over 560,000 and in 2000
generated revenues of US$21.4 million. ANSM is positioned between ESSEL in Rancagua and
ESSBIO in Concepcion.
Thames Water sewage treatment coverage in Chile (% population)
Sewage treatment coverage 2001 2002 2003 2007
ESSEL 30% 80% 80% 100%
ESSBIO 6% 24% 80% 100%
ANSM 36% 43% 80% 100%
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Pinsent Masons Water Yearbook 2005 – 2006