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Welsh Water Faces £44.7M Enforcement Plan After Ofwat Criticism
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Welsh Water is facing a £44.7 million enforcement plan from Ofwat following criticism of its performance. The company has issued an apology. This action highlights the increasing scrutiny on water companies in the UK regarding their environmental impact and financial management.Articole despre acest subiect
Foto: The Guardian
Welsh Water apologises as Ofwat sets out £44.7m enforcement plan
Proposed package comes after regulator finds ‘serious and unacceptable breaches’ in how company operatesWelsh Water is to pay a proposed £44.7m after the industry regulator found “serious and unacceptable” breaches in the supplier’s sewage and network services.Ofwat said Dŵr Cymru Welsh Water failed to properly operate, maintain and upgrade its wastewater network to ensure it could cope with levels of sewage and wastewater, and did not have adequate processes in place or oversight by senior boss
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Foto: The Guardian
Yorkshire Water receives fresh funding despite sewage fines and pay row
Private equity group EQT to take 42% stake as supplier faces scrutiny over environmental record and CEO’s payBusiness live – latest updatesA leading European investor will pump fresh funding into Yorkshire Water including helping to cover a £600m loan, despite recent heavy sewage fines and a scandal over executive pay at the utility firm.EQT, a Swedish private equity group, said on Monday it would take a 42% stake in Kelda Holdings, the Jersey-registered parent company of Yorkshire Water, which
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