Foro del Agua - An International Case Study
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IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA FCC AQUALIA
AN INTERNATIONAL CASE STUDY
Mark Muller
Aqualia New Europe.
ACLIMA JANUARY 2014
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
1.Aqualia’s International Strategy
2.EBRD
3.ANE; The Vehicle
4.The Reform Cycle
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Aqualia’s International Strategy
1
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Global Implementation Today
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA SmVAK
(Moravia-Silesia)
Caltanissetta
Abrantes
Elvas
Campomaior
Cartaxo
Fundao
Bruntal
aqualia in Europe
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Mission (del Plan de Comunicación)
European Bank for Reconstruction and
Development (EBRD)
2
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
What is it?
International Financial institution established in 1991 and headquartered in London,
Working in 34 Countries from Central Europe to Central Asia,
Owned by 63 countries and 2 intergovernmental institutions (EU and EIB),
Capital Base € 35 bn. Spain’s share in EBRD Capital is 3.4%,
AAA Rating,
Largest single investor in the Region: It has invested €79 bn. in 3.600 project since 1991.
EBRD
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Where does it operate?
EBRD
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
What sectors?
Agribusiness
Climate Finance
Equity Funds
Financial Institutions
Legal Reforms
Manufacturing and services
EBRD
Municipal Infrastructure
Natural Resources
Nuclear Safety
Power and Energy
Property and Tourism
ICT
Transport
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Position
ANE: THE VEHICLE
3
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
ANE
A 63 m.€ Equity Joint Venture between Aqualia & EBRD
(European Bank for Reconstruction and Development) .
ANE B.V is based in Holland, managed from Aqualia’s HQ Office
(Madrid).
ANE’s operates with a Private Equity approach, where Aqualia is
both Manager and Sponsor, and EBRD acts as a Financial Partner.
ANE’s Time-frame: 10 Years lifespan (4 Years investment period,
4-6 Year Maturity, exit strategy EBRD)
Scope: Invest in Sub-Projects in the Water & Wastewater sector.
Sub-Project type of operations:
• Management: Concession Tenders, Acquisitions
• Project Finance: BOT’s & Industrial projects.
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
ANE
Recent Activity:
We have created a Joint Venture with Romania’s largest
regional operator, to participate in 3 projects in RO, MD and
BG…,
We are going to make a €13,3m. purchase in Orasqualia.
We are negotiating with Danone Unimilk ( Russia) to build
them 9 WWTP Plants,
We are negotiating with ViK Dobrich an overhaul of their
water meter park, metering processes, commercial cycle.
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Position
THE REFORM CYCLE
4
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
The Reform Cycle
• Improve Sector Governance
• Price Water Correctly
• Improve Public Expenditure
• Deliver Services more Efficiently
- Reduce OPEX
- Increase Revenue
- Strategic Planning
- Budget Execution
- Subsidy Targeting
Transparency
Independence
Accountability
Procurement
- Internalize Externalities
- Keep up with Inflation
- Conservation
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
ROLE OF SERVICE PROVIDER
The Water Manager early morning Blues….
o If I increase the pressure on the network, I
will get so many burst pipes I will be front
news in national TV!
o This month I will be able to pay wages, just!,
but for sure I won’t pay the electricity bill,
o The Major just called me: I have to hire 50
new people or start looking for a job in
Antarctica…
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
ROLE OF SERVICE PROVIDER
How can a SP improve a Water System?
Removing technical inefficiencies
NRW is not a country, it’s our biggest
nightmare…
Improving Management inefficiencies
Metering, Billing, Collecting, Asset
Management, Education, Leadership….
Choose the right Technology
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Sound Sector Governance; political stability, rule of law,
regulatory quality, quality servive provision.
Identifying all Actors involved and indicate their roles in;
policy formulation,
asset management & infraestructure development,
service provision,
financing the sector,
regulation of the service.
Clear Procurement policies
COMMON ROLES FOR THE SECTOR
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
A Private Service Operator can help bring Private Finance
to bridge the financial gap left by Public Expenditure and
Donors,
It can help bringing new Management culture,
It can bring the adequate Technology to a Company,
A Private Service Operator is a Flexible, Efficiency and
Benefit driven Organization,
By implementing a Cost Recovery Focus mentality,
it helps Governments and Regulators establish sustainable
Water systems and Infrastructure.
CONCLUSIONS
IRRIGATION
INDUSTRIAL
INFRAESTRUCTURAS
GESTIÓN DE SERVICIOS
PÚBLICOS DEL AGUA
Thank you!