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...This exposure has increased by £800mn over the past year, which the company told the Financial Times was primarily because of the “inflation indexing” of the bonds it has insured....
...In a letter to the utilities’ chairs seen by the Financial Times, Ofwat boss Iain Coucher said the number of serious pollution incidents was “still too high” and “the pace of reduction not fast enough”....
...“If they don’t know where the sewers are, they will also be ignorant of the age and condition of the pipes, raising serious questions about the value and liabilities associated with the infrastructure as...
...the country’s communications network....
...“The water needs of our region pose a unique set of challenges, which require significant investment” to reduce the use of storm overflows, safeguard supplies and protect the environment....
...The company needs the bill increases to underpin any shareholder investment....
...The rest are billed based on property values from the 1970s....
...In this situation, the refinancing enabled the interest on the shareholder loans to be added to the capital on the group’s balance sheet, the accounts said....
...Last year, Saudi Arabia’s Saline Water Conversion Corporation launched a $10mn global prize for Innovation in Desalination....
...But maybe the bigger problem for the UK is that Thames Water isn’t the only utility in trouble. The FT’s Gill Plimmer joins me now to talk about it. Hey, Gill. Gill PlimmerHi....
...And for that, we’re joined by the FT’s infrastructure correspondent, Gill Plimmer. Hi, Gill. Gill Plimmer Hello....
...The study comes as testing on the £4.5bn tunnel — a cost that compares with the £3.5bn forecast a decade ago — is expected to start next week, with the removal of the deep underground walls that have kept...
...Pennon, which owns South West and Bristol Water, said it had agreed to buy the business from Sumitomo Corporation and Osaka Gas for a total enterprise value of £380mn....
...The opco, or operating company, is the regulated entity overseen by Ofwat....
...However, the utility said on Monday that it was also proposing an extra £1.9bn of investment over the five-year period, dependent on its ability to secure the supply chain to deliver the work....
...People close to the investors said that even this was the minimum amount of cash needed given the scale of investment needed at the business....
...The figures reflected the fact that this is the first year that all the storm overflow pipes, which dump untreated effluent and storm water into the sea, have been fitted with new technology to monitor the...
...The loans are managed by one of the Australian asset manager’s private credit funds and amount to roughly 9 per cent of Kemble’s debt instruments, the person said....
...Despite the problems at Thames Water, Hunt defended the UK’s as a destination for foreign investment, describing the country as “one of the most attractive places on the planet in terms of infrastructure...
...One person close to Thames Water described the talks as a game of brinkmanship with the regulator and the government....
...to 70 per cent by the end of 2035....
...Yet Gove’s grandstanding is at odds with the government’s approach behind the scenes over the past year....
...Some of the worst water utilities are in the public sector but so, too, are the best: in cities such as Tokyo, Osaka, Singapore, Melbourne, Las Vegas — and Phnom Penh....
...s decision to cancel the northern part of the project from Birmingham to Manchester....
...An additional issue is that the EDMs record only when the outflows occur and not the volume released....
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