abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

10 Apr 2015

Author:
Geert De Clerck, Reuters

Suez will fight to keep its Jakarta water contract

France's Suez…will fight a court decision that annulled its Jakarta drinking water concession and has blamed water problems in the Indonesian capital on lack of investment and frozen tariffs...Marie-Ange Debon, head of international operations at Suez, said the…contract has not been suspended by the court…because the companies will appeal."…[W]e will appeal in the first instance and at a higher level if necessary. The story is far from over," she said…Losing the Jakarta contract, which accounts for about a sixth of Suez's Asia revenue, means losing a foothold in one of South-East Asia's biggest countries...[Debon] said lack of investment made it harder for water companies to meet targets for reducing leakage and boosting connections. [She] said the citizens' group lawsuit targeted not only the water firms but also the Indonesian authorities. "It is a court action against private operator participation in general," she said. [Also refers to Veolia]