United Utilities announces equity issue to raise gross proceeds of c. £800 million for AMP8 investment
United Utilities has today announced an equity issue to raise gross proceeds of c. £800 million to fully fund the equity element of c. £2.5 billion of its incremental investment for the AMP8 period 2025-30.
High Court approves Thames Water £3 billion restructuring plan
Thames Water has announced that the High Court has today approved a restructuring plan to extend the liquidity runway of the Thames Water Group.
Thames Water - company's lenders support appointment of Julian Gethin as Chief Restructuring Officer
Thames Water has appointed Julian Gething, Partner & Managing Director at AlixPartners in London, in a newly created role as Chief Restructuring Officer to provide specialist advice as it continues its complex and ongoing balance sheet recapitalisation process.
Ofwat appoints independent Monitor for Thames Water
An independent Monitor to report on the progress of Thames Water against its equity raise and transformation plans has been appointed by Ofwat.
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.
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ABB launches digital platform for optimizing operation of water networks
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations. -
Safe access solutions a key requirement for water sector and other Critical Infrastructure Providers
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets. -
Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
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Other Latest News
- Yorkshire Water tenders £31 million AMP8 contract for planning consultancy services
- Southern Water tenders AMP8 contract for standard and non-standard boundary boxes
- Yorkshire Water tenders £4.8 million contract for floating pontoon hire services
- Cambridge City Council awards c£200k contract for Sheep's Green watercourse restoration
- Severn Trent Water seeks supply chain engagement on proposed framework for digester cleansing & refurbishment
- Wildfires: Ministers to face questioning on preventing and responding to growing threat across Britain
Watch
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Southern Water showcases last footage inside Yew Hill Reservoir before filling
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water. -
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.
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