The European Investment Bank, Europe's long-term lending institution has agreed to provide €75 million for the rehabilitation and expansion of water and wastewater services of the Mulonga Water and Sewerage Company.
Today’s Autumn Budget statement contains a number of measures which could impact on the UK water sector, including an overhaul of the planning infra regime, increased tax relief for shale gas, easier access to funding and moves to tackle tax avoidance by large corporation.
A new National Infrastructure Plan containing information on over £375 billion of planned public and private sector infrastructure investment has been announced by the Government.
Changes to EU corporate tax rules will seek to increase revenues for national budgets and level the playing-field by closing loopholes used by some companies to avoid paying tax.
The European Parliament has finalised the EU's Financial Framework for the years 2014 to 2020 – including a commitment to allocate 20% of the one trillion euro budget to climate related projects and investments.
Concerns about the affordability of EU-set objectives for decarbonisation and renewable energy is exposing utility companies in some European countries to political risk to the detriment of their credit quality, says Moody's Investors Service in a Special Comment report on the industry published today.
The European Investment Bank has confirmed that sales under the second round of the NER300 programme - one of the largest funding programmes for carbon capture and storage demonstration projects and innovative renewable energy technologies. - started successfully on 14 November 2013.
Details of the new and unprecedented package of financial powers to help Wales compete in the global race have been published by the government today. The powers, which could see the Welsh government in control of £3 billion of tax revenue, include control of business rates, the ability to create new taxes and some borrowing powers.
A new report from the Government’s spending watchdog the National Audit Office is warning that water bills will continue to rise above the rate of inflation for the next 17 years. The report also expresses concerns about water industry regulator Ofwat's role.
Credit ratings agency Moodys has warned that if political pressure results in Ofwat departing from its established price setting methodologies and the outcome of the 2014 price review was politically driven, it would view this as a clear credit negative for the sector.