Jul 4, 2023
Thames Water needs 'substantial' sums of money
The UK's largest water company Thames Water will need "Substantial sums of money" to stabilise its finances, the water regulator has said. The hearing came hours after it was announced that Thames Water had been handed a £3.3m fine for discharging millions of litres of undiluted sewage into two rivers in Sussex and Surrey, killing more than 1,400 fish in 2017. Thames Water has faced heavy criticism over sewage discharges and leaks. The company leaks more water than any other water company in the UK, losing the equivalent of up to 250 Olympic-sized swimming pools every day from its pipes. Mr Black said there may not be an appetite from current investors to put further money into water companies.
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