Nueva Canarias has revealed that "Canal Gestión Lanzarote has loans from its parent company Canal de Isabel II of more than 122 million euros". In addition, according to the Canarist formation, "the rating agencies place the possibility of defaults by the water company at maximum risk, at least until the end of the 2020 financial year." "This, added to millionaire losses that show a net worth of less than 22 million euros, gives a very worrying perspective on the future of the water supply service in Lanzarote," says Armando Santana.
“We cannot separate the problems that Lanzarote is having with the integral water service from the delicate financial situation that this company has,” Santana points out.
"The constant shortages that citizens complain about, the lack of response to complaints, the water cuts, the undue billings, and the generalized complaint from the Lanzarote countryside about shortages, could be the symptoms of a company in serious financial difficulties", explain from Nueva Canarias.
NC assures that since Canal Gestión arrived in Lanzarote, "the general perception is that the service has worsened and that the company does not respond." "We also have to consider what type of maintenance this company may be doing, with such worrying numbers, on the infrastructures that the island has in terms of water”, says Santana.
From Nueva Canarias they also emphasize that water "is an indispensable asset that we all have to consume obligatorily." “Every time we take a shower, put on a washing machine, a restaurant washes its dishes, a construction company mixes cement... every day all the people and companies on the island that consume water, we are paying for water,” recalls Santana.
"Taking into account that the company has a monopoly on the water supply, we do not understand what kind of management they are carrying out to lose such amounts of money,” they ask from the Canarist organization.