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Thames Water is trying to secure £3bn in emergency funding to protect against imminent collapse, a plan which London’s High Court will decide on in Febrary. The company is also looking to find ...
A Thames Water spokesman previously said the company’s board remains “focused on turning round the business” and that it has a “robust plan that we are confident delivers on this objective”.
Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government. The amount is ...
The UK's largest water and wastewater services company, Thames Water is responsible for an extensive water management infrastructure which includes the Thames Water Ring Main around London, one of Europe's largest wastewater treatment works and the UK's first large-scale desalination plant—both at Beckton in east London—and the £4.2 ...
Water supply and sanitation in the United Kingdom is provided by a number of water and sewerage companies. Twelve companies and organisations provide drainage and sewerage services, each over a wide area, to the whole United Kingdom; and supply water to most customers in their areas of operation.
The Metropolitan Water Board's former headquarters at New River Head. Now residential (2005). Water supply in the London area was regulated by local acts and royal charters on a piecemeal basis from 1543. Through amalgamation, by 1830 there were six companies supplying water north of the Thames: The New River Company incorporated in 1619
There are fears that if Thames Water collapses, Labour will have no choice but to step in and temporarily renationalise the company at an estimated cost of £38bn to the taxpayer. This includes ...
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 ...