sabesp in A Sentence

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    Sabesp has failed to do exactly that.

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    For many months Sabesp denied that water was being rationed.

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    One of the world's largest water utilities, Sabesp was founded as a public institution in 1973.

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    Responsibility for this crisis lies with Sabesp and two decades of running water supply as a for-profit service.

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    Just like the“natural monopolies” enjoyed by water companies in the UK, Sabesp has a publicly guaranteed monopoly, yet its profits are part-privatised- earlier this year it paid out R$252m(US$83m) in dividends.

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    6

    When deciding whether to make the necessary investments to prepare for possible water shortages, Sabesp has had to choose whether to safeguard the public supply or increase the value of its shares.

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