Free Utility Snapshot

Aguas Andinas

Greater Santiago, Metropolitan Region, Chile

Santiago’s principal water and sanitation company, supplying the Chilean capital from a glacier-fed Maipo basin under drought, turbidity and climate pressure.

At a glance

Scale, service and financial position

2,374,151Drinking water customers31 Dec 2025 · actualAguas Andinas, Aguas Cordillera and Aguas Manquehue
775.1 million m³Drinking water production2025 · actualAguas Andinas, Aguas Cordillera and Aguas Manquehue
13,633 kmDrinking water network2025Aguas Andinas, Aguas Cordillera and Aguas Manquehue
498.9 million m³Wastewater treated2025 · actualAguas Andinas, Aguas Cordillera and Aguas Manquehue
28.3%Non-revenue water (total losses)2025 · actual (2024: 29.4%)
CLP 712.787 billionConsolidated revenueFY 2025 · actual

01

About the Utility

Aguas Andinas is the water and sanitation company for Greater Santiago, consolidating the concessions of Aguas Cordillera and Aguas Manquehue alongside non-sanitary subsidiaries. It reports full drinking water coverage, 98.9% sewerage coverage and full wastewater treatment coverage in the Santiago basin, so its responsibilities run from raw water capture and treatment through distribution to sewage collection and treatment. The parent concession alone served 2,177,084 drinking water customers in 2025. Tariffs are set in five-year processes overseen by the Superintendencia de Servicios Sanitarios, using a model company with a minimum return on assets of 7% after taxes; the current tariff period was approved by ministerial decree.

02

Water System

The Maipo River supplies over 80% of the Metropolitan Region’s demand, making the basin’s hydrology the company’s central supply risk. Central Chile endured a megadrought from 2010, Maipo flows are already nearly a quarter below their two-decade average, and groundwater’s share of production rose to 21% by 2020. Glacier melt has also made extreme turbidity events far more frequent, and very high sediment loads force treatment plants to stop. Storage is the main defence: the Pirque reservoirs raised supply autonomy to 34 hours. Network efficiency is the weaker flank, with total water losses of 28.3% in 2025.

99.598%Drinking water supply continuity (average interruption 5.46 hours)2025 · actualAguas Andinas (parent concession)
98.53%Compliance with drinking water supply standards (group average 99.51%)2025 · actualAguas Andinas (parent concession)
21.8%Real losses in the distribution system (apparent losses 6.5%)2025 · actualAguas Andinas; tank inlet to billing

Groundwater in drinking water production

Potable water produced from groundwater, 2016–2020

million m³
Groundwater in drinking water production: 2016, 104 million m³, actual; 2017, 114.6 million m³, actual; 2018, 130.3 million m³, actual; 2019, 139.2 million m³, actual; 2020, 164 million m³, actual0501001502001042016114.62017130.32018139.220191642020
Actual

Reported actuals from a single table on one basis (Aguas Andinas, Aguas Cordillera and Aguas Manquehue); groundwater’s share rose from 14% to 21% as surface water fell from 86% to 79%.

Sources: Aguas Andinas Integrated Report 2020, potable water production by type of source, 2016–2020.

03

Wastewater System

Wastewater is a core responsibility. The group’s 11,045 km collection network serves treatment plants that handled 498.9 million m³ in 2025, with full compliance reported for wastewater treatment. The turning point was the Mapocho Urbano Limpio programme, completed in 2010, which brought treatment to all of Santiago’s sewage and removed the discharge points into the Mapocho. La Farfana, among Latin America’s largest treatment plants, returns treated water to the Maipo and Mapocho systems, while the biofactories recover biogas, electricity and biosolids for reuse.

11,045 kmWastewater collection network2025Aguas Andinas, Aguas Cordillera and Aguas Manquehue
50,172,514 kWhSelf-generated energy2025 · actual

04

Investment & Priorities

Investment is set through the tariff process. The 2025–2030 agreement raised base drinking water and wastewater tariffs in three steps and added a further 7.4% tied to approved works against drought and other climate effects, including base drought works, an alternative Maipo catchment for turbidity and an emergency supply plan. The company later reported the investment plan optimised to CLP 365 billion. Execution is under way, with CLP 91,614 million invested in the first half of 2026, and a growing share of debt is green and social.

CLP 351.155 billionEBITDAFY 2025 · actual
CLP 1,267,171 millionNet financial debt31 Dec 2025 · actual
7.40%Tariff-linked works (drought, turbidity, emergency supply, biofactories)2025–2030 · approved plan

05

Sustainability & Resilience

Resilience planning centres on a basin under long-term climate stress. Glacier contributions to December–March flows are projected to fall by about three-quarters by the end of the century, and drought is expected to become more frequent in central Chile. Basin governance is changing too: the Water Code reform embedded the human right to water, and strategic tables for the Maipo are preparing basin plans. A wetter 2023 brought relief, with El Yeso reservoir at 94% at the end of March 2025, but the megadrought cannot yet be declared over.

83.4%Energy from renewable sources (target 80%)2025 · actual
261 tCO₂e/million m³Emissions intensity of wastewater treatment2024 · actual (2019: 380)

06

Key Challenges

  1. Securing supply from a Maipo basin facing lower flows, glacier retreat and recurring drought.
  2. Protecting treatment from extreme turbidity events driven by glacier melt and intense rainfall.
  3. Reducing network water losses that still exceed a quarter of the water supplied.
  4. Delivering the drought and turbidity works funded through the 2025–2030 tariff.

07

Major Projects

Pirque mega reservoirs

Six treated water tanks at Pirque that raised Greater Santiago’s supply autonomy to 34 hours at inauguration.

Status / period
Inaugurated November 2020
Investment / capacity
1,500,000 m³ · approximately USD $100 million

Cerro Negro–Lo Mena wells

Deep extraction wells in southern Santiago adding groundwater supply to extend autonomy during river turbidity events.

Status / period
Operation scheduled for March 2022 (as reported June 2021)
Investment / capacity
CLP $31 billion · over 400,000 residents

Maipo alternative catchment

Tariff-linked work in the 2025–2030 programme providing an alternative Maipo catchment against extreme turbidity.

Status / period
Approved plan, tariff period 2025–2030
Investment / capacity
1.17% of tariff-linked works

Evidence

Sources and reporting periods

This Snapshot draws on Aguas Andinas’ annual and integrated reports for 2016–2025, its interim financial analysis and investor presentations to mid-2026, public works and water directorate releases, the regulator’s tariff study, and Chilean climate research.

Research collection through: 2026-09-2722 sources cited in this Snapshot

Stay informed

Our Future Water Intelligence updates

New analysis, water intelligence and report releases, delivered by email.