Acciona Gains After Mexico City, Costa Rica Wastewater Contracts

Acciona SA (ANA), a renewable energy and water provider, rose in Madrid trading today after winning wastewater treatment contracts in Mexico City and Costa Rica.

The Alcobendas, Spain-based company, which has sewage and wind projects in Mexico, a water treatment contract in Medellin, Colombia, two treatment facilities in Peru and wastewater and turbine supply agreements in Brazil, valued the contract to build and maintain the El Caracol wastewater plant for 23 years at 764 million Mexican pesos ($60 million).

El Caracol’s treated water will be used to irrigate 6,000 hectares (14,800 acres) of crops in the municipalities of Texcoco and Atenco in the Mexico City metropolitan area and aid in restoring at least 2,000 hectares of a former lake at Texcoco, the company said yesterday in a statement.

Acciona Aguas on Sept. 13 said it will construct and operate the biggest wastewater treatment plant in Costa Rica, a $45 million project to serve at least 1 million people in the capital, San Jose. The company also plans to build a desalination plant for the mining industry in Chile’s Atacama.

Acciona shares climbed 4.8 percent to 47.03 euros by the close of trading in Madrid, their highest since July 4 and trimming losses this year to almost 30 percent.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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