1859 articles in Europe
DUTCH MULTI-UTILITY GROUP ESSENT is to take over 51% of the Bremen utility swb in a DM1.1 billion deal. Swb has water sales of around 34Mm3/year.
THE ST PETERSBURG WATER UTILITY, VODOKANAL SP, is to accelerate work on the construction of the city’s south-western STP. The first stage of the project – originally started in 1987 – is now scheduled for completion in 2004 at a cost of $100 million.
THE COMPETITION BETWEEN Nomura Securities and Western Power Distribution (WPD) for control of Welsh utility Hyder gained momentum at the end of last month.
THE GERMAN CITY OF KIEL is reported to be in exclusive negotiations with US owned TXU Europe over the purchase of 51% of its municipal utility.
THE SPANISH CONSORTIUM ASEA signed a 30-year concession contract in mid-June to operate water utilities in three departments of Argentina’s Catamarca province. It will formally take control of the concession at the end of July or early in August.
Government plans to introduce competition could hold the key to the companies’ future, offering a way out of price cap regulation.
On top of scrutinising the range of restructuring options, players in the UK’s emerging competitive water market have also been grappling with proposals to force water resources into competitive hands.
The Investor’s View is GWI’s monthly opinion column addressing some of the new issues facing utility investors, lenders and insurers. To start with, Andreas King of the Safety & Environmental Risk Management Rating Agency (SERM) writes that investors who simply base their decision-making on balance sheet analysis could be hit hard if associated environmental risks prove too costly to manage.
AMPERE, BERLIN, the first energy broker on the German market, has professed an interest in entering the water market after liberalisation.
UK water companies’ results for the year ended 31 March 2000 have been overshadowed by the continuing debate over the future structure of the industry.