Annual Report 2010 - AdP

the implementation of concession contracts and supply and
collection contracts, and all environmental authorisation and
licensing was obtained from the respective authorities.
Among the measures it did not prove possible to advance or
close within this mandate, I would mention the resolution of the
pig farming slurry problem, for which it proved necessary to
propose another institutional solution and another business
model, given the poor take up by industrial livestock units of the
solution adopted in 2008, the Refuse-Derived Fuels and
wastewater treatment plant sludge combined treatment project
that also experienced a significant delay in its approval process
and has only just been started, in addition to the integration of
the downtown sanitation of the city of Lisbon into EPAL, that
has proven more difficult to carry out than first thought.
However, among all the recommendations received, that which
we most regret not putting into practice relates to the recovery
of accumulated tariff deficits generated at some UNAPD
concessions, with the terms of the Economic and Financial
Feasability Studies (EVEF) review only clarified by the authorities
in January of this year. This is one outstanding issue for the new
Board of Directors.
The triennial now beginning will present the new Board of
Directors with increasing demands regarding compliance with
the objectives and with the Stability and Growth Pact
programme, the financing of group projects, guaranteeing the
sustainability of various group stakes and the pacification of
relationships with the municipalities using multi-municipal system
concession services. We are certain that, with the cooperation
of the authorities, the shareholders, partners and all of AdP
Group employees, this will be achieved.
Pedro Cunha Serra
Chairman of the Board of Directors
“The triennial now beginning
will present the new Board of
Directors with increasing
demands regarding compliance
with the objectives and with the
Stability and Growth Pact
programme, the financing of
group projects, guaranteeing the
sustainability of various group...”
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