Ofwat’s price cap regime does not balance risks appropriately between companies and consumers and is “not yet achieving the value for money that it should”, with customers failing to benefit from at least £800 million in net windfall gains between 2010 and 2015, according to a new report from the National Audit Office (NAO).
The European Investment Bank (EIB), the world’s largest lender for climate related projects, will increase the proportion of its lending in support of climate related investment in developing countries from 25% to 35%.
The European Commission is amending existing legislation with the aim of encouraging more investment and long-term finance for infrastructure projects by large institutional investors such as insurers and pension funds.
The European Investment Bank (EIB) and the Office National de l’électricité et de l’eau potable (ONEE) have signed a €75 million finance contract to increase the capacity of the water production and distribution and sanitation networks in Morocco.
The European Investment Bank, Europe’s long-term lending institution, has approved more than €17 billion of new loans which include support for investment in water infrastructure and renewable energy.
A new analysis by consultants Arthur D Little on the cost to serve per customer in the utilities sector – specifically the gas and power markets – has highlighted some key issues of interest to the UK water sector, particularly in the run-up to the opening of the competitive marketplace in 2017.
The Government Legal Department (GLD) has announced the successful completion of the £4.3 billion contract for the Thames Tideway Tunnel, describing the government support package for the Tunnel as designed “to remove project risks that private sector investors would not have been prepared to take.”
Fitch Ratings agency has assigned Bazalgette Tunnel Limited's initial £1 billion revolving credit facility (RCF) a 'BBB+' rating and assessed the Outlook as Stable.
Europe’s long-term lending institution, the European Investment Bank (EIB), has agreed to provide £100 million to improve water supply and waste water treatment in the Southern Water region.
The Consumer Council for Water (CCWater) is warning that the cost of the Thames Tideway Tunnel scheme to Thames Water’s 5.3 million waste water customers must be kept to an absolute minimum.
The Future Water Association’s annual Networks November event kicked off last week with a Year in Water Review – a recap on the past year and what it means for the sector going forward.
South West Water has hosted the first municipal trial of the Fournier Rotary Press in the UK, assessing its potential to improve sludge dewatering performance and support future biosolids standards.
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England.
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK.