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Cedae Capital-Opening Study Draws Alerj Scrutiny as Unions Plan Strike

Unions have scheduled a 24-hour strike on Thursday to oppose further privatization.

Overview

  • Cedae awarded a one-year contract to Consórcio Hidro Rio at the end of August to study a potential share sale, paying R$ 18.75 million plus a 5% success fee if a private transaction occurs.
  • State deputies moved to step up oversight, with a CPI request and a petition to the TCE-RJ for an injunction to suspend a reported R$ 900 million arrangement involving Águas do Rio.
  • Cedae said the R$ 900 million conciliation has a provisional character and remains under investigation.
  • Workers approved a 24-hour stoppage for Thursday with a march set from Largo do Machado to Palácio Guanabara, organized by sanitation unions and allied social movements.
  • Debate over selling state-held shares follows the 2021 sanitation concessions that raised nearly R$ 25 billion, as Cedae kept water production and reported more than R$ 1 billion in profit in 2024 while critics cite service failures and higher tariffs.