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Water Saving Company

Business Overview Business Process

Concept of WASCO

WASCO (Waver Saving Company)

As a water-saving business that recovers investment cost through the amount (cost) of water saved or guaranteed an amount (cost) of water saved, WASCO, a water-saving company, and water user enters into a performance sharing, performance guarantee, saving contracts and installs leakage reduction or water saving equipment on its water use facilities.

Water Saving Company?

A party that has registered with the Minister of Environment, and is equipped with facilities, equipment, and technological capabilities to conduct a water-saving business

Concept of Water Saving Company -Before Contract: existing water rate - Water supply facility management service and facility improvement and rehabilitation - During Contract Period (4 years in general) / WASCO service fee income | improved water rate / Profits generated from water rate savings with the WASCO service – pay a service charge / After Contract Period – Saving of Water Rate – Improved water rate

Legal Basis

  • Article 15 – 2 of the Water Supply and Waterworks Installation Act (Registration of Water Saving Company)
  • Article 25 – 2 of its Enforcement Decree (Registration Criteria of Water Saving Company)
  • Article 4 of its Enforcement Decree (Businesses Subject to Registration of Water Saving Company)\
  • Article 5 of its Enforcement Decree (Registration Application Processes, etc. of Water Saving Company)

WASCO Project Types

  • Consignment projects of drainage and water supply management to reduce leakage or the management of tap water using facilities (including facility improvement investment)
  • Water-saving facility and equipment installation project in accordance with Article 15 of the Water Supply and Waterworks Installation Acts
  • Research and investigation project on water supply facilities to save water

Contract Types

  • Performance Sharing Contract

    The water-saving company makes the initial investment, and the amount (cost) of water saved through the WASCO Investment Project is shared between the water-saving company and the water user under the agreed conditions.

  • Performance Sharing Contract : water user – WASCO (finance) repays the project cost
  • Performance Guarantee Contract

    The water user makes the initial investment, and the amount (cost) of water saved through the WASCO Investment Project is guaranteed by the water-saving company

  • Performance Guarantee Contract : water user (finance) pays performance-based benefits – WASCO guarantees performance
  • Performance Guarantee, Sharing Contract

    The water-saving company makes the initial investment, and the amount (cost) of water saved through the WASCO Investment Project is guaranteed by the saving company. The water user repays a guaranteed saving amount to the water-saving company, but the saved amount that exceeds the reduction target is shared between the water-saving company and the water user under the agreed conditions.

  • Performance Guarantee, Sharing Contract : Water user repays the project cost – WASCO (finance) guarantees performance

Benefits of the WASCO Investment Project

  • Reduction of water use (amount) thanks to the reduction of facility leakages and installation of water-saving facilities and equipment
  • The initial investment issue is settled with the advance investment made by the water-saving company (except for the performance guarantee contract)
  • Reduction of technical risk burden of water users based on systematic and expert services