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Suez Wins Water Contracts in India Cities to Curb Leaks

Oct. 22 (Bloomberg) -- Suez Environnement, Europe’s second-biggest water company, won contracts to improve supplies and reduce leak losses in southern and western India.

Suez and Indian partner SPML Infra Ltd. will help cut water leaks across a 26.5 square kilometer (10.2 square mile) area of Bangalore, the utility said today in an e-mail. It’s planning infrastructure works to curb unaccounted-for-water losses in the high-tech city to 16 percent from 42 percent over the next five to eight years, the French company said.

The utility was also awarded a contract in Pimpri-Chinchwad near Pune in western India to detect and repair leaks in area water-distribution systems. The contracts are worth 20 million euros ($27.5 million), Suez said.

“India is one of the priority countries in emerging markets and we plan to bid for more city-based water projects in the future,” Shyam Bhan, Suez’s chief executive officer in India, said by phone from Gurgaon, near New Delhi.

Rapid urbanization has boosted demand for water in Indian cities where Suez, Veolia Environnement SA, both from Paris, and Va Tech Wabag Ltd. are competing for contracts. India is spending 589 billion rupees ($9.6 billion) to improve area water supplies and treatment systems, according to the government.

To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net

To contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net; Randall Hackley at rhackley@bloomberg.net

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