Finance and Investment
A new report commissioned by the Consumer Council for Water (CCW) has found that if Ofwat replaced its ‘early view’ on how much it will cost water companies to raise finance to deliver investment for the 2024 Price Review with a ‘market-led-view’, it could save customers £2.6 billion over 5 years.
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, has invested £50 million in Portsmouth Water to fund the construction of the Havant Thicket Reservoir, the first reservoir to be built in the UK since the 1990s.
Fitch Ratings has downgraded Thames Water’s holding company Kemble Water Finance Limited's (Kemble) Long-Term Issuer Default Rating (IDR) to 'B' from 'B+' and senior secured debt rating to 'B' from 'B+'. The Outlook on the IDR is Negative.
A new report shows how global companies are taking action to stem the global water crisis and stand ready to reap major financial rewards as a result.
On the back of a Sky news report at the weekend that Thames Water is facing a £14 billion debt crunch, new analysis from data science company Outra finds England and Wales water firms are facing the risk of £2.13 billion in unpaid bills this year.
- Evove closes £5.7 million funding round to accelerate growth and scale-up of next generation of filtration membranes
- Ofwat confirms final decision to increase totex funding for Portsmouth Water’s Havant Thicket Winter Storage Reservoir from £123.6m to £339m
- Moodys warns as 2023 outlook for UK water sector turns negative - Price Review in 2024 could see substantial increase in customer bills
- Ofwat warns water companies are falling behind on investment plans - promised service improvements are behind schedule or undelivered
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United Kingdom – Coventry: Biosolids recycling and associated services. Deadline: PME 01.04.2025 March 12, 2025
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Expert Focus
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Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
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