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Ofwat has today published a paper explaining the reasons behind its decision to grant a Waiver Notice to Infrastructure Provider Bazalgette Tunnel Ltd on procurement provisions for a number of contracts related to Thames Water £4.2 billion Tideway Tunnel project.

 

Moody's Investors Service has maintained its stable outlook for business conditions in the UK water sector over the next 12 to 18 months – however the ratings agency is warning of long term challenges ahead beyond 2016.

The Competition and Markets Authority (CMA) has today provisionally cleared the acquisition of Bournemouth Water by Pennon and the subsequent merger of Bournemouth Water with South West Water.

Ofwat has launched a new consultation how water companies provide new connections to developers under Self Lay Agreements – the terms of SLOs are an ongoing source of common areas of dispute and a potential barrier to competition in the sector, according to the regulator.

Thames Water has gone out to tender with a major Technology and Transformation Alliance contract which could be worth as much as £1.1 billion over a 14 year period covering AMP6 through to AMP8.

South West Water will have an opportunity to generate the highest returns in the sector during AMP6, according to the latest trading update published by owners Pennon Group this morning.

Monday, 28 September 2015 06:30

UK boosts climate change spend to £5.8bn

Today the UK Government is committing to substantially increase the amount of funding it is providing to help the most vulnerable countries protect themselves from the effects of climate change.

Portsmouth Water has set out details of actions it plans to take during AMP6 to mitigate climate change impacts, including the construction of new flood defences at two high risk sites and new UV disinfection works at two water treatment sites to tackle increasing risks from cryptosporidium.

EEA GREEN INFRAA new report published today by the European Environment Agency (EEA) explores how ‘green infrastructure’ can help Europe prepare for and reduce the loss from weather- and climate-related hazards.

Ofwat is seeking to appoint at least two new Non-Executive Directors to join its Board, one of whom will chair the Audit Committee.   

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