Finance and Investment
UK technology business Evove has today announced the completion of a funding round of £5.7 million - capital was injected by existing investors and two new international specialist investors from climate-tech and additive manufacturing venture funds, alongside continued support from existing investors.
Ofwat has published its final decision confirming that it will allow an increase in totex funding for Portsmouth Water's Havant Thicket Storage Reservoir to £339 million from the £123.6 million first outlined at PR19.
Moody’s Investors Service has announced that its 2023 outlook for the UK water sector has turned negative, primarily reflecting increasing cost pressures in the current macroeconomic environment and, to some extent, early expectations for the next regulatory price review in 2024.
Ofwat is warning that water and wastewater companies are falling behind on their investment plans, with some companies using less than half of their allowances to improve their water network, leaving promised service improvements behind schedule or undelivered.
Moody’s is warning that under Ofwat’s Direct Procurement for Customers (DPC) framework for large infrastructure projects, construction risk will weigh on project credit quality.
- Increasing inflationary environment sees S&P Global Ratings revise outlook for South East Water debt to negative
- Yorkshire Water acts to strengthen financial resilience following Ofwat intervention
- S&P Ratings downgrades Thames Water due to debt, heavy investment plan and operational performance issues
- Ofwat warns development of multi-sector reservoirs cannot be subsidised by water customers
Latest Tenders
-
-
United Kingdom – Coventry: Biosolids recycling and associated services. Deadline: PME 01.04.2025 March 12, 2025
-
-
-
United Kingdom – Glasgow: Supply of Low Emission Structural Steel & Rebar. Deadline: 04.04.2025 March 6, 2025
-
United Kingdom – Belfast: Collection & Transportation of Water & Wastewater Samples. Deadline: RFI March 6, 2025
Generate More Business
Increase your sales by targeting Waterbriefing's named readership of over 8000 water industry professionals:
Showcase your Company
Include news about your latest product or technology and receive home page coverage. Click here.
Join our Directory
Make it easy for prospective customers to find out about your services. Click here.
Promote your Story
Make your company news the first story Waterbriefing users see, via our scrolling news feature. Click here.
Place an Advert
Promote your expertise through an online banner ad, with packages to suit every budget. Click here.
Expert Focus
-
Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
-
-
-
-
-
Sign In
