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Thames Water said profit increased to £75.4 million for the year ending March 31, up on a £30 million loss the year before. Revenue increased 11% to £2.5 billion.
Thames Water Utilities Ltd, trading as Thames Water, is a British private utility company responsible for the water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England; like other water companies, it has a monopoly in the regions it serves.
Hampton Water Treatment Works buildings alongside the A308. Hampton Water Treatment Works are water treatment works located on the River Thames in Hampton, London.Built in the second half of the 19th Century to supply London with fresh water, the Waterworks was in the past a significant local employer, and its brick pumphouses dominate the local landscape. [1]
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.
As a result, it dropped Thames Water’s credit rating from Baa3 – an investment grade rating which makes it easier to access funding – to Ba2, a “junk” rating status.
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 ...
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 ...
The Coppermills Water Treatment Works is a large water treatment works in the Lea Valley in east London. Completed in 1969 by the Metropolitan Water Board, [1] it is now owned and operated by Thames Water. In 2009, Coppermills was connected to the Thames Water Ring Main via the Northern Extension Tunnel, enabling the facility to be a major ...