Sabesp outlines R$ 70B plan across 371 cities

Sabesp estimates that it needs to invest R$ 70 billion to accelerate universal water and sewage coverage across all 371 municipalities in its concession area. The utility aims to reach 99% coverage in 2029, four years ahead of the timeline set by Brazil's sanitation regulatory framework. To reach this goal, the company is diversifying capital sources and improving operational efficiency.

Since its privatization in July 2024, Sabesp has raised R$ 36.4 billion from capital markets, development banks, and multilateral organizations. That total includes R$ 14.1 billion raised in the first half of 2026, alongside R$ 7.8 billion equivalent in blue bonds issued in early 2026 with IDB Invest support. CEO Carlos Piani noted that electricity costs fell 5.6% year over year in the first half of 2026, helped by moving consumption to the free energy market.

Sabesp currently provides treated water to 30 million people and sewage services to 27 million. In 2025, net operating revenue rose 5.4% to R$ 38.09 billion, adjusted EBITDA climbed 17% to R$ 13.2 billion, and adjusted net profit gained 22% to R$ 6.3 billion. Infrastructure investments reached R$ 15.2 billion in 2025, delivering 32 major projects, 827 kilometers of linear works, 16 sewage treatment plants, and 1.5 million new water meters, while helping cut organic pollution in the Tietê River by roughly 22%.

During the first half of 2026, infrastructure outlays rose 15.6% year over year to R$ 7.5 billion, and contracted works through 2029 stood at R$ 40.5 billion by June. The company plans to allocate R$ 7.8 billion specifically for water security projects by 2029, including the 38-kilometer Billings-Taiaçupeba pipeline, while expanding solar plants from 36 to 44 to reach 60 megawatts of capacity next year.