Sabesp announces program of incentive for water consumption reduction

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SAO PAULO, Brazil, March 10, 2004 -- The water and wastewater utility Sabesp -- Cia. de Saneamento Basico do Estado de Sao Paulo announced that its board has approved an incentive program for reduction of water use.

The program aims to stimulate the population of the Sao Paulo Metro to reduce water consumption, in order to help facing the water shortage, caused by the low rainfall levels and the following low water levels in the reservoirs that supply the region.

The program will compass the municipalities of the Sao Paulo Metro supplied by the metropolitan aqueduct system and it will be effective for 6 (six) months starting on 03/15/2004.

A 20% (twenty percent) bonus on the water bill, or on the water plus sewage bill, will be granted in the months when consumption is reduced by 20% (twenty percent) in relation to the average consumption calculated by Sabesp, based on the consumption in the same period of the previous year.

Further details on the Program will be available at Sabesp's web site (www.sabesp.com.br).


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