Publishing its interim Management Statement, the Group said South West Water is continuing its strong performance against the 2010-2015 (K5) regulatory contract, with capital investment increased substantially over the previous year.
The 9,300km sewer network increased by approximately 50% from 1 October 2011 following the adoption of private sewers and lateral drains. Group expectation is that shareholders will receive appropriate returns for private sewer expenditure via the price setting process.
Despite record breaking low rainfall last spring, South West Water’s water resource position is at a similar level to this time last year. During last autumn and early winter South West Water used its pumped storage facilities to help to refill Colliford, Stithians and Wimbleball Reservoirs and installed new distribution pumps in East Devon to optimise use of its boreholes.
Since 1 October 2011 South West Water has signed a £60m facility with the European Investment Bank (EIB). This represents the second tranche of a £125m loan approved by the EIB towards K5 funding. South West Water has also signed an additional £40m revolving credit facility and £140m of finance lease facilities.
Full year profits at Viridor, the Group’s waste management company are expected to be below those of last year.
Leading Spanish economist Luis Fernandez has joined environmental solutions provider ACWA Emirates as Chief Officer Concessions for the MENA region to provide in-depth support for the company’s drive into the public-private partnership (PPP) sector.
for use in chlorine monitoring equipment after similar pumps were found less reliable. 
Welsh Water’s challenge to upgrade the sewage infrastructure within the £multi-million brownfield Swansea Waterfront re-development was facilitated with an innovative Hydro Vortex Drop™ shaft solution from Hydro International.
