PROJECT

Projects

Summary of Investment Information

Project Number

47383

Company Name

SOCIEDADE DE ABASTECIMENTO DE AGUA E SANEAMENTO S/A.

Date SPI Disclosed

Apr 3, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 3, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 26, 2023

Department

Regional Industry - INF LAC

Industry

Infrastructure

Previous Events

Approved : May 8, 2023
Signed : May 19, 2023
Invested : Aug 18, 2023

Sector

Water and Wastewater Utilities

Project Description

  The investment consists of a loan of up to US$50 million equivalent in BRL (approx. BRL260 million) for IFC’s own account to Sociedade de Abastecimento de Água e Saneamento S.A (Sanasa or the Company). The proceeds will be used to finance part of the Company’s capital expenditure (CAPEX) plan 2023-2025, geared at improving its water supply and sewage infrastructure contributing to achieving its 100% service coverage objective, growing operational resiliency, enhancing service quality, and increasing efficiency (the Project).                                                 

Associated Advisory Engagement

 The investment will be complemented with an Upstream advisory engagement in connection with the Utilities for Climate (U4C) initiative for a diagnostic of Sanasa’s IT systems to identify how to integrate IT into a comprehensive information management system aligned with the best practices across the Company, transforming it into a managerial decision tool and assisting in further improving Sanasa’s operational resiliency.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation