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The Latest Breaking News on Droughts

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Guardian - UK

Water storage in India’s key reservoirs is at 38% ahead of summer season

India's primary reservoirs have only 38% live storage capacity, leading to water shortages in cities like Bengaluru.

The Hindu

Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

The Guardian - UK

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Ofwat accused of cover-up over dinners with water companies

Calls for inquiry after regulator failed to declare hospitality with those it holds to account over sewage spills

The Guardian - UK

Bitcoin surges through $60,000 in biggest monthly rally since late 2020 – as it happened

Cryptocurrency buoyed by flows into new ETFs that track the value of bitcoin

The Guardian - UK

'Hundreds of millions' to flow to states for basin deal

The Commonwealth will soon deliver large cheques to improve the health of the Murray-Darling Basin as one state sets its sights on private irrigators.

AAP

Water tanker prices breach ₹2,000 mark in some parts of Bengaluru

Bengaluru water crisis leads to soaring water tanker prices, reaching ₹2,500 for 12,000 litres in some areas.

The Hindu

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Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

The Guardian - UK

Ofwat’s scheme to fine poorly performing companies ‘a gimmick’

Lib Dems dismiss plan saying water fines need to go to consumers rather than to the Treasury

The Guardian - UK

Water firms in England and Wales urged to invest profits in cutting bills

Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping

The Guardian - UK

Households across Reading left without water for three days after burst mains

Thames Water struggled to rebuild pressure to homes after an incident at Pangbourne treatment works

The Guardian - UK

Tide of disapproval awaits new round of UK water companies’ price rises

News of the increases, due by the end of the month, comes amid rising anger over companies’ environmental records

The Guardian - UK

Country diary: A liquid landscape with a magnetic draw

Ouse Washes, the Fens: This vast area of flooded grassland defies clean definition, yet nature, and nature-watchers, keep coming back

The Guardian - UK

The Crunch: everything is expensive and why you shouldn’t use a pie chart

The five best charts from the fortnight including booming rooftop solar data and torrential rain in Australia

The Guardian - AU

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The National (Scotland)

Council to consider scrapping concrete flood defence scheme plans after backlash

A PETITION calling for a halt to a controversial flood defence scheme is to be considered by councillors after it reached nearly 4000 signatures.

The Guardian - UK

Water firms use up to 28% of bill payments to service debt in areas of England

As English water companies plan to hike bills, the Guardian reveals customers are paying a high price for combined debts of £60bn

The Guardian - UK

How much of your water bill is swallowed up by company debt? – interactive

Analysis shows that 28% of Thames’ customer bills were spent servicing debt, as the company lobbies for more

The Guardian - UK

How we calculated the proportion of revenue English water firms use to pay off debt

Finding out the percentage from consumer bills used to service debt is tricky. We worked with industry experts to shed light on the issue

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The Independent UK

Why fixing leaks is a key focus for water utility companies – both now and in the future

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

International Business Times

Thames Water Says Needs More Time For Financial Turnaround

Struggling UK utility firm Thames Firm needs more time to turn around its fortunes after announcing a slump in profits and mounting debt, one of its bosses said Tuesday.

The Guardian - UK

Thames Water apologises after 200 tankers of raw sewage left in Surrey town

Raw sewage held in open tanks in Camberley for six months during hottest summer on record

The Guardian - UK

South East Water paid £2.25m to shareholders despite £18m losses

Cost of debt rises for firm that left thousands of customers without running water in summer

The Guardian - UK

More good intentions from Thames Water but where’s the owners’ new capital?

Shareholders promise more capital for investment but customers will believe it when they see it

The Hindu

This month, Tamil Nadu has realised two tmc ft more than the stipulated quantity

Tamil Nadu is receiving more water than stipulated by CWRC, with Mettur dam storage at 27 tmc ft and rainfall in delta areas. Inflow is 3,800 cusecs. Shortfall of 87.28 tmc ft from normal year. Incoming 6 months may not exceed 100 tmc ft.

The Guardian - UK

South East Water under investigation over supply failures

Company blamed increased working from home in south-east of England for hosepipe ban

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