Thames Water said its investors had agreed to inject £750-million into the company, helping to stave off the threat of nationalization, but Britain’s biggest water utility warned it would need further investment in the years ahead.
“We have £4.4-billion of capital sitting there, we can draw down on that, we’re absolutely not close to that trigger,” she told BBC Radio. It also warned in its statement on Monday that over the 2025-2030 period it would need further equity of around £2.5 billion. The company’s performance has dropped in recent years but its debt levels mean it has little wiggle room to fund the upgrade of its aging infrastructure.
Source: News Formal (newsformal.com)
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