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...The UK used national security powers to intervene in eight deals involving Chinese-linked investment in British companies in the 12 months to March 2023....
...Labour has, however, promised to give Ofwat powers to block the payment of any bonuses until water bosses have “cleaned up their filth”, the party said, adding that executives who oversaw repeated law-breaking...
...He joined the company’s board in 1999 and became chief executive in 2004. However, the sailing buff found himself in stormy waters: sales were falling and some product launches had flopped....
...Ever-cheaper solar power is a tailwind for the global energy transition. It can make energy intensive technologies more affordable....
...infrastructure such as gas and power, the Barclays note added....
...In today’s newsletter: Thames Water’s Chinese lenders AT1 documents fight Blackstone’s luxury sale Thames Water’s Chinese stand-off Critics of Britain’s water company privatisation have recently accused...
...Thames Water’s overarching group is burdened with a consolidated debt mountain of £18.3bn as of March 31, up from £15.4bn the year before....
...By contrast the emergency overflow pipes are meant to operate only in urgent circumstances such as power outages and failures that are not “due to the act or default of the water company”, the EA said....
...The next potential trigger is a £190mn lending facility at its ultimate parent company, Kemble Water. It requires repayment in April....
...Ofwat has already taken on more powers to stop dividends if they would risk a company’s financial resilience, and to ensure payouts are linked to performance....
...richard.waters@ft.com...
...The ongoing saga involving the UK’s largest water company took a new turn yesterday after Thames Water said its shareholders were unwilling to stump up £500mn of fresh equity....
...Google’s Cloud business revenue rose 28 per cent to $9.6bn as companies seek access to the vast computing power and chip infrastructure to train LLMs and ride the AI wave....
...Other companies are joining the spending spree on AI....
...“The government wants to use the regulated asset base model to fund everything from Sizewell C [nuclear power plant] to the energy transition,” said one adviser close to the negotiations at Thames Water....
...The regulator’s apparent refusal to give in represents a political problem for whichever party is in power if Thames Water finally collapses....
...This includes a £190mn facility in its parent company Kemble Water maturing in April, according to its accounts published in November....
...Other developments, too, gave water investment new salience in 2023. In May, technology group Xylem completed a $7.5bn acquisition of Pittsburgh-based water treatment company Evoqua....
...Are you still confused by Thames Water, as the UK’s largest water utility circles the drain?...
...EPA administrator Michael Regan said the rules together would address the “full array of threats that power plants pose to clean air, safe water and healthy land” and be “durable” in the face of legal attacks...
...A new constitution in 2010 gave more power to Kenya’s counties, including the management of water....
...Water is used in most forms of fuel and power generation, for example, to pump for oil and gas or to produce steam in thermal power stations....
...solar power, and uses it to pump water from a lower reservoir to an upper one....
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