Ofwat cuts company investment plans by £8bn
- From: Vol 10, Issue 1 (January 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Deutsche Bank, Merrill Lynch and Ofwat
In its first review of AMP5 draft business plans, Ofwat has proposed that companies spend £8 billion less than they asked for. New climate change data will provide further clarity.
Industry regulator Ofwat has proposed to cut the capital investment plans of the English and Welsh water companies for 2010-15 by more than £8 billion in its initial response to the proposals they submitted in August.
The companies’ draft business plans indicated that the industry would need to invest £27.4 billion over the period, whereas Ofwat published a “draft ...
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