On Friday Anibal Ismodes, head of Sedapal, said the state owned water company was losing about 300 million soles a year due to water thefts.
"If unbilled water represents 35% of the total volume produced by Sedapal, we would be talking about half – about 17.5%. Therefore the amount that is lost each year due to theft would be about 300 million soles," he said, according to El Comercio.
Ismodes said there were a large number of thefts being carried out by households and businesses that were consuming water supplies through illegal connections.
"We are increasing our capacity to intervene because there are people who believe that water is taken from the river and you have to use it. These thefts are harmful because they are resources that do not enter and therefore we are not investing for others who need it," he said.
When asked about the benefits of privatizing Sedapal, Ismodes said the move would generate an increase in costs for users."Under the current circumstances, with the going rate, it would not be profitable for a private company to provide water and sewage to the people of Lima and Callao," he said.
The head of Peru’s state owned water company said a large number of thefts were being carried out by households and businesses that were consuming water supplies through illegal connections.