US Edition
UK's Thames Water set for over $13.5 billion rescue deal by Silver Point and Elliott, Bloomberg News reports
- Thames Water will launch a statutory 10-week public consultation on June 17 for its controversial sewage recycling scheme in Teddington, South West London.
- The project plans to withdraw up to 75 million litres of treated recycled water daily during drought periods from the River Thames upstream of Teddington Weir to help meet future increases in water demand.
- The water will undergo an additional treatment stage at Mogden Sewage Treatment Works, join Lee Valley reservoirs, and become drinking water, despite concerns from local MPs, residents, and campaigners.
- Environment Secretary Steve Reed approved the 2024 Water Resource Management Plan, estimating costs between £359.3 million and £535.3 million, while Lib Dem MP Munira Wilson called the decision "deeply disappointing."
- If approved, construction will start in 2029 and the scheme will operate by 2033, with Thames Water emphasizing community feedback and the project's role in securing water supplies for millions.
23 Articles
23 Articles
More efficiency was the promise when water suppliers were privatized in England and Wales in the 1980s. Now Thames Water, the largest company, is facing bankruptcy. By Christoph Prössl.
perspectivemedia.com
The NationalCreditors table £17bn plan for Thames Water but call for regulatory leniency
The lenders in the utility are proposing to invest another £3 billion in new equity and £2 billion of funding, but also write off billions of debt. A group of Thames Water lenders have put forward plans for a multibillion-pound rescue deal of the troubled supplier that would see them pump in new cash but ask for leniency in how it is regulated. Creditors including US and UK investment firms – such as Aberdeen, Elliott Management and BlackRock – …
The Independent
The Independent (US)Thames Water lenders offer £17 billion rescue deal in return for looser rules
The deal would also see “several billion” pounds’ worth of debt written off
Thames Water: Britain's biggest utility just got captured by toxic private credit markets
The following article is a guest piece by campaign group Waterways Protection By 2027, your water bills will be up. Your rivers will still stink. And two American credit funds will be quietly sailing off with the profits via Thames Water. Thames Water: KKR looked inside – and ran In June 2025, KKR – one of the world’s most aggressive private equity firms – circled Thames Water. This is a firm that’s happily turned collapsed retailers, energy fir…
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