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Financing of water company plans for 2025-30 is reliant on huge sums of equity being put forward by investors at a time when returns are squeezed and the sector faces myriad performance challenges. For these reasons attracting the investment needed may be tougher than previous AMPs, analysts have warned.
1 year ago
Welsh Water will spend £41 million replacing a faulty sewage treatment plant, upgrading four other sites and reducing the number of spills from sewer overflows in south west Wales. The work is needed to address "significant compliance issues" identified by regulator Natural Resources Wales (NRW) at Cardigan.
Shareholders in Thames Water are unlikely to see a dividend payment before 2030, interim co-chief executive Cathryn Ross has said. The former Ofwat boss also bemoaned a “backwards looking and risk averse” regulatory regime and a lack of co-ordination between the various bodies overseeing the sector.
Severn Trent has set out its intention to remain an industry leader across performance commitments in the next asset management period (AMP8) as the cornerstone to its ambitious plan.
This weekend after party conferences from Labour and the Conservatives, pledges and promises have been scrutinised in the news including the potential cost to re-nationalise the energy grid; elsewhere, proposals by water companies to raise bills to invest record sums face backlash while smart metering gets a boost.