Jun 14, 2017

Thames Water fined £8.55m for failing to stop leaks

Thames Water has been hit with its second big fine this year for failing to reduce leakage. In March, the water firm was ordered to pay a record £20m for polluting the river Thames with 1.9bn litres of raw sewage. Thames Water said that it had outperformed its target for the past 10 years and reduced leakage by 100m litres a day over the period. Thames Water said in its annual results on Wednesday that the company had "Transformed" its approach to preventing pollution following six offences at six sites in the Thames Valley between 2012 and 2014. Australian group Macquarie sold its remaining 26% stake in Thames Water earlier this year to the Canadian pension fund investor Borealis Infrastructure and the infrastructure investing arm of the Kuwait Investment Authority.

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