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03.02.2017 14:19
Sofia Water Utility Keeps ROI Unchanged in New 5-Year Business Plan
Some EUR 100 m of investments are to be backed with an 18.35% price increase for households, and 4.4% for industrial consumers

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Sofiyska Voda, the water utility that supplies potable water, sewage, and waste water treatment to the Bulgarian capital Sofia, has decided to keep its ROI unchanged at 17 per cent in its new business plan for 2017 – 2021. During a public discussion on the company’s new business plan, the Bulgarian Energy and Water Regulatory Commission (EWRC) said that it cannot lower the company’s ROI because its levels are set in Sofiyska Voda’s concession contract.

Sofiyska Voda is part of French utility Veolia.

A total of BGN 194 million (nearly EUR 100 m) are to be set aside for investments during the new 5-year period. These investments are to be backed by a 4.4 per cent price increase for industrial consumers and as much as 18.35 per cent increase of the price for households in Sofia Municipality.

Arnaud Valleteau de Moulliac, Executive Director of Sofiyska Voda, said that decreasing water losses would be a priority for the 2017 – 2021 period. He stressed that since 2011, Sofiyska Voda has seen a drop in water losses of 55 m cub. m, with further 20 m cub. m planned by 2021.

Bulgarian Water Association chairman Ivan Ivanov, however, questioned the need for drastic price increases. He criticized Sofiyska Voda for not paying off quicker an internal loan, even though each year it has sufficient cash stores left. He said that paying some BGN 3 m of yearly interest actually hampers additional investments in water infrastructure.

Ivanov also pointed out discrepancies in pricing, such as the low water prices in Bozhurishte water system which generates large expenses because it was constructed artificially. The BWA cjairman said that residents and businesses in Sofia were actually subsidizing Bozhurishte – home to booming industries, among which bottling companies.


TAGS: Sofiyska Voda | water price | Bulgaria | utilities | investment | Bulgarian Water Association | Arnaud Valleteau de Moulliac 

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