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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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.
Expert Focus
News Sections
Other Latest News
- Water sector experts set to discuss major water infrastructure projects and upgrades at keynote conference
- Biodiversity Net Gain becomes mandatory for Nationally Significant Infrastructure Projects
- United Utilities completes £1.5 million storm overflow project to boost water quality in River Lune
- Northumbrian Water set to start work on £23 million Cambois investment in Northumberland
- MOSL publishes first five-year strategy setting out priorities for 2027–32
- Water sector reform - EFRA Committee calls on Government to close loopholes on pollution reporting and let Ministers wield threat of special administration
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.
Top Stories
- Water sector experts set to discuss major water infrastructure projects and upgrades at keynote conference
- Water sector reform - EFRA Committee calls on Government to close loopholes on pollution reporting and let Ministers wield threat of special administration
- Southern Water runs proof of concept to consolidate condition-monitoring alerts into single control-room view
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