Water companies object to Ofwat proposals on stress testing business plans
A majority of the 18 water companies who responded to Ofwat’s recent consultation for a financial monitoring framework have rejected a proposal for companies to perform stress testing on their forward looking business plans and to publish the results to demonstrate that they were financially resilient over the longer term.
Fitch to stop ratings and analytical coverage for Northumbrian Water Ltd
Ratings agency Fitch has said it will no longer provide ratings or analytical coverage for Northumbrian Water Limited as the issuer has chosen to stop participating in the ratings process for commercial reasons.
EIB launches new €500m climate awareness bond
The European Investment Bank (EIB), BNP Paribas and Vigeo have announced the launch of Tera Neva, a €500 million sustainable investment solution which allows investors to align their financial objectives with their energy transition goals.
Spending Review: 15% budget cut at Defra, £2.3bn flood defence spend protected
The Department for Environment, Food and Rural Affairs (Defra) has seen its budget cut by 15% over the course of this parliament in the Spending Review – but the Chancellor said the £2.3 billion flood defence spend had been protected.
EIB invests $54 million in water infrastructure network in Jordan
The European Investment Bank (EIB) has signed two loan agreements worth $126 million for financing two projects in the water and energy sectors in Jordan to support sustainable economic and social development in the country.
EU commits to scaling up public funding for climate finance
The European Commission has welcomed the commitment of the European Union to scaling up public funding for climate financing in the years ahead - confirmed by the Ministers of the EU Member States meeting in the Economic and Financial Affairs Council (ECOFIN).
EIB lends €100 million for Georgia’s water sector rehabilitation programme
The European Investment Bank (EIB) is lending €100 million to finance wastewater collection and treatment infrastructure in Kutaisi, Georgia’s second largest city with approximately 200 000 inhabitants.
NAO Report: Ofwat price regime “not yet achieving the value for money that it should”
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).
EIB sets new 35% target for climate lending in developing countries
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%.
New EU rules to promote investments in infrastructure projects
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.
News Showcase
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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. -
Kohtari CEO says joined-up water intelligence needed to predict, not just react - not more data
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react. -
IED compliance – using automated sliding floodgates to support secondary containment at water and sewerage company sites
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
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Other Latest News
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- Completion of £4.5 million Greatham Marsh Restoration Scheme sees return of tide for first time in over 200 years
- National Cyber Security Centre adds water sector example to Secure Connectivity Principles for Operational Technology
- Cambridgeshire business to benefit from water efficiency drive
- Met Office issues Amber Extreme Heat warning as temperatures set to peak at 37°C in places
Watch
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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. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
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