United Kingdom

852 articles in United Kingdom

Smaller PPPlans Vol 19, Issue 2 (February 2018)

  • Ofwat’s proposed reduction in the allowable cost of capital for water companies in England and Wales in 2020-2025 could slash their revenues by more than £...
  • The Brazilian federal government’s efforts to boost private sector involvement in state water companies have lost momentum after...

Rare UK water bonds find demand Vol 19, Issue 2 (February 2018)

Companies are trying to wean themselves off a past reliance on cheap EIB funding.

S&P forecasts big UK revenue haircut in AMP7 Vol 19, Issue 2 (February 2018)

The dramatic drop in the UK water sector’s weighted average cost of capital in 2020 could translate into a significant loss of revenue.

Kelda shareholders to press on with sale of majority stake Vol 19, Issue 2 (February 2018)

The sale of 53.7% of Kelda is still likely to go ahead, despite heightened political and regulatory risk, and a non-regulated nightmare.

Moody’s fires warning shot on UK water’s credit quality Vol 19, Issue 1 (January 2018)

The ratings agency has unveiled its most comprehensive analysis yet on the impact that Ofwat’s proposed price settlement could have on UK water companies’ debt service costs.

CONSUMER PROTECTION Vol 18, Issue 12 (December 2017)

  • The UK’s Ofwat has proposed a 2.4% weighted average cost of capital for the next asset management period (2020-2025). It is 1.3% lower than...
  • Chile’s presidential election is turning out to be an important one for its investor-owned water companies. Centre-left candidate Alejandro Guillier wants to...
  • Abengoa’s Nungua desalination project is in deep difficulty, with off-taker Ghana Water struggling to meet the payments under a dollar-denominated take-or-pay contract. The price Ghana Water pays for the desalted water is...
  • Metito has finally closed the $60.8 million financing of its Rwanda bulk water supply project, after two and a half years of negotiation. It wasn’t helped by the arrest of...
  • Shares in Tallinna Vesi fell by 20% this month after Estonia’s supreme court ruled that it had to change its tariff structure. The company, which was once considered...

Ofwat eyes record low cost of capital at PR19 Vol 18, Issue 12 (December 2017)

Regulated UK water companies will be forced to find new ways to outperform from 2020. Will it result in a mass exodus from the sector?

UK water embarks on pre-holiday bond spree Vol 18, Issue 12 (December 2017)

A sequence of new bonds shows an increasing willingness among borrowers to diversify their sources of funding. What’s next?

Finance costs hit UK numbers Vol 18, Issue 12 (December 2017)

Rising debt service bills crimped mid-year profit margins at many of the UK’s water and sewerage companies. A tough price review could put dividends under further pressure.

Water utilities drowning in data ask solutions providers for simplicity Vol 18, Issue 12 (December 2017)

Results from Europe’s pioneering smart water solutions project SW4EU were presented in November with the take-home message of “keep it simple”. Does the data avalanche need to be excavated from within?