Anglian Water has confirmed that its shareholders have now injected £300 million of equity into the group.
Thames Water has announced it is seeking a further drawing of £157 million in July 2025 from the initial £1.5 billion loan available under the group's liquidity facility.
Southern Water has secured an offer of a equity support package totalling up to £1.2 billion from Macquarie, comprising an initial binding £655 million with up to a further £545 million intended to be committed by December 2025.
Anglian Water has announced that the company’s shareholders have provided unconditional and legally binding commitments to inject £500 million into the Anglian Water Group, pro-rata to their current shareholdings.
The House of Commons Environment, Food and Rural Affairs (EFRA) Committee is today launching a new inquiry, Reforming the Water Sector, to scrutinise the breadth of issues confronting the water sector.
Ofwat has denied agreeing a £150 million dividend payment by Thames Water, according to a report on the BBC Radio 4 Today news programme this morning.
Professor Dieter Helm has published a highly critical and detailed analysis of Thames Water, describing the deeply indebted utility as “a disaster of its own and the regulators’ making” and “badly managed and financially engineered.”
Thames Water says that based on the feedback provided by Ofwat to Thames Water to date, the regulatory arrangements that would be expected to apply to Thames Water in AMP8 make its PR24 plan uninvestible.
Thames Water has said that its current performance is falling short of expectations due to deteriorating asset health, climatic events and cost pressures.
Ofwat has told Thames Water that it does not expect dividend distribution by a regulated water company to be rationalised “primarily by reference to an amount required to service an obligation of another group company.”
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres.
Tackling leakage is one of the fastest and most cost-effective ways for utilities to bolster water security, writes Ben Crabtree, Product Line Director, Ovarro, revealing how the potential of smart technologies is being demonstrated around the world.
UK-headquartered South Staffordshire Plc, the integrated services group operating within the UK critical infrastructure and essential services markets, has received a prestigious Royal Society for the Prevention of Accidents (RoSPA) Award for global health and safety excellence.
Balfour Beatty, the UK’s largest construction and infrastructure provider, has delivered exceptional environmental results on the Thames Estuary Asset Management 2100 (TEAM2100) framework, one of the nation’s most ambitious flood defence initiatives.