126 articles about "RWE"
AFTER A BITTER FIGHT with Gelsenwasser and accusations of insider dealing, RWE Aqua has acquired 36.67% of water utility RWW – one of Germany’s largest utilities – from the local authority of Mülheim an der Ruhr. The town of Mülheim will retain a 10% stake in RWW.
January was yet another sleepy month for the UK water industry. Water company share prices showed little movement with light trading for the month.
By January of 2002, the European Bank for Reconstruction and Development (EBRD) had signed over €1.2 billion in financing commitments for municipal operations. Of this, around €980 million are commitments in water and sewerage projects.
December marked the end of a roller coaster year for the international water sector. Several companies experienced notable success while others were happy to hear the sound of the year’s final trading bell. The year 2001 brought the end of one of the longest running bull markets in history and the arrival of a global economic slowdown. For the global water industry, consolidation and mergers continued to drive sector performance.
Interim results for the UK water industry arrived in November showing a mixed performance. Several companies, including United Utilities, AWG and Severn Trent posted significant turnover growth for the period. However, lacklustre pre-tax profit numbers dampened market enthusiasm.
Twelve years after the momentous changes of 1989, the picture of water privatisation in central and eastern Europe is mixed. On the one hand, states such as the Czech Republic and Hungary have made significant progress in creating a favourable investment climate and meeting the requirements of EU directives. Yet in other countries, the institutional and regulatory structures needed to finance projects are lacking, or not sufficiently developed.
As part of the consortium that acquired a stake in the Berliner Wasserbetriebe (BWB), Vivendi Water not only gained a seat on the management board but a chance to expand its presence in Germany and central and eastern Europe. In this interview, Christophe Hug, managing director of Vivendi Water Deutschland describes his company’s position in the region two years after the privatisation of BWB and imparts his view of German market liberalisation. Hug was talking to Peter Allison at this year’s IWA World Water Congress in Berlin.
Financing for the Zagreb WwTP is expected to close soon according to the EBRD. The borrower is Zagrebačke Otpadne Vode (ZOV), a special purpose Croatian company owned by the project sponsors – a consortium of SHW Hölter Wassertechnik (a fully owned Berlinwasser group subsidiary), RWE Aqua and the local Vodoprivreda Zagreb.
Our main focus this month is on the UK and Europe. A report from the financial firm, Credit Lyonnais Securities echoes the view of many UK market watchers – that the RPI-X model is an unsuitable way of regulating the water industry and planning for long term investments.
Last month’s horrific terrorist attacks in New York City and Washington DC shocked the world and sent global financial markets plunging.