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Thames Water plc was acquired by the German utility company RWE in 2001. [6] On 17 October 2006, following several years of criticism about failed leakage targets in the UK, RWE announced it would sell Thames Water for £8 billion to Kemble Water Holdings Ltd, a consortium led by the Australian Macquarie Group which appointed David Owens as CEO ...
Thames Water has been at the centre of growing public outrage over the extent of pollution, rising bills, high dividends, and executive pay and bonuses at the UK’s privatised water firms, and Mr ...
Thames Water, which has a £14 billion ($17.9 billion) debt pile, anticipates that an extra £2.5 billion ($3.2 billion) of equity funding will be needed in the five years to 2030 to help it ...
Thames Water is also in talks with creditors to secure an crucial £3bn lifeline before Christmas. ... where the wellbeing and safety of our colleagues and customers is always our highest priority
The first of its kind in the UK, it was built for Thames Water by a consortium of Interserve, Atkins Water and Acciona Agua. [2] It was opened by Prince Philip, Duke of Edinburgh, on 2 June 2010. [3] It was planned to provide up to 150 million litres of drinking water each day – enough for 900,000 Londoners.
The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust.. The utility giant is struggling under a £14 billion debt pile it ...
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
“Thames Water continues to maintain a strong liquidity position, including £4.4bn of cash and committed funding, as of March 31 2023.” ... The Met Office said it has not recorded a June this ...