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.
News Showcase
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South West Water explores new approach to sludge dewatering in UK-first municipal trial
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 strengthens its UK presence with acquisition of Hy‑Ram Engineering
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 in new collaboration for Moving Bed Ion Exchange-based nutrient removal
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. -
BactoSense ID cuts wastewater and bathing water bacteria testing from days to minutes
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
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Other Latest News
- Ofwat awards £15.6 million contract for appointment of Independent Monitor to Thames Water
- Ofwat - Water Innovation Fund launches £8m Cross-Sector Challenge to scale innovation across farming and water sector
- DEFRA publishes new guidance for funding maintenance of SuDS in new developments in England
- Incoming Chair of Environment Agency to be questioned by EFRA and Environmental Audit committees
- Lords Committee to question Environment Agency CEO on waste crime and drought preparedness
- New £5 million flood defence scheme for Severn Stoke now fully operational
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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