Bahia state water utility unveils US$1.3bn investment plan
Embasa, the water utility of Brazil's Bahia state, unveiled a 2024-28 plan to invest 6.70bn reais (US$1.34bn) in its operations.
For this year, the company is planning to invest around 1.70bn reais, with 68% coming from its own cash generation.
Of the 2024 total, it will invest 863mn reais in water supply, 628mn reais in sewage services and 214mn reais in institutional development, the company said in a statement.
Water firms in Brazil are accelerating their investments because of a regulation approved in 2020 that requires local governments to have 100% water and sewage coverage for their populations by 2033, or risk losing access to federal funding.
In the case of Embasa, the projected investment to reach full coverage is 19.8bn reais. It currently serves 88% of Bahia's municipalities with water services and 28% with sewage services.
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