Ofwat actions for Thames Water following investment credit rating downgrade include developing revised AMP8 Business Plan by 28 August
Ofwat has today confirmed the implementation of commitments from Thames Water, effective immediately, to remedy its licence breach in losing its investment grade credit ratings - including a commitment to further develop a revised AMP8 Business Plan for the period 1 April 2024 to 31 March 2030 by 28 August 2024.
Thames Water - credit ratings downgrade reflects pressure from Ofwat's "challenging" PR19 Final Determination
Fitch Ratings has downgraded the credit ratings of Thames Water’s holding company Kemble Water Finance Ltd and revised its Issuer Default Rating to Negative, reflecting pressure on Kemble's and Thames Water’s financial profiles as a result of Ofwat’s challenging Final Determination on the company’s AMP7 business plan.
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Barhale completes two Rapid Action Taskforce Spills projects for Severn Trent
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent. -
Börger UK relocates to larger premises as sales continue to grow
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury. -
Register for HUBER Technology UK webinar on water intake screens for municipal and industrial applications
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications. -
Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
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Other Latest News
- Royal Borough of Kingston tenders £432m contract for Development Partner for district heat network using waste heat from Thames Water Hogsmill STW
- South East Water Chair resigns after MPs declare “no confidence" in leadership team to turn failing company around
- Plymouth City Council announces Development Partner for £4.2 billion heat network based on waste heat source from South West Water Central Plant
- United Utilities announces equity issue to raise gross proceeds of c. £800 million for AMP8 investment
- Environment Agency imposes £76,000 penalty on South East Water for water supply breach
- Northumbrian Water - County Durham trial could boost river protection work
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Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
Top Stories
- Royal Borough of Kingston tenders £432m contract for Development Partner for district heat network using waste heat from Thames Water Hogsmill STW
- South East Water Chair resigns after MPs declare “no confidence" in leadership team to turn failing company around
- Plymouth City Council announces Development Partner for £4.2 billion heat network based on waste heat source from South West Water Central Plant
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