Welsh Water secures EIB funding for investment programme
Mar 25, 2011
Dwr Cymru Welsh Water has signed a £100 million loan agreement with the European Investment Bank to secure funding for essential water and wastewater improvement schemes throughout Wales.
The schemes to be funded are spread across Wales. £109 million is earmarked for wastewater service improvements to protect the environment and generate renewable energy, and £141 million will be spent upgrading water treatment works and renewing water mains to ensure reliable and excellent quality drinking water for customers.
Dwr Cymru Welsh Water chairman Robert Ayling said, “I’m pleased that the European Investment Bank has agreed to provide a further £100 million financing of our water and wastewater improvement programme. It will help to fund our ongoing investment that is delivering improving levels of service to our customers while also benefiting the environment of Wales. The EIB continues to be a very important source of secure finance for Welsh Water, and we look forward to continuing to work with the bank in the future.”
European Investment Bank Vice President for the UK Simon Brooks said “The European Investment Bank is a key partner of the UK water sector. We welcome the strong commitment to environmental protection and climate action within Welsh Water’s long-term improvement programme.”
Welsh Water is owned by Glas Cymru and has a unique not-for-profit ownership model within the UK water industry, existing solely to provide the best possible service to customers. It is not quoted on the Stock Exchange and has no shareholders, enabling financial surpluses to be reinvested in improving services.
Over the last 5 years the European Investment Bank has provided £2.3 billion for water projects across the United Kingdom. The European Investment Bank is Europe’s long-term lending institution, owned by the 27 EU member states.
- The £250 million investment schemes will be spread across Wales.
- £86 million will be spent on schemes at sewage works to produce renewable energy from sewage sludge waste.
- £103 million will be spent on improving the quality of drinking water at treatment works throughout Wales, including major works at Cwellyn (£15m), Cilfor (£4m), Mynydd Llandygai (£10m), Eithinfynydd (£9m), Penycefn (£8m), Llidiardau Bala (£7m), Alwen (£16m) and Capel Dewi (£9m).
- £23 million will be spent on improvements to wastewater treatment works, including large schemes at Five Fords (£10m), Aberporth (£2m) and Swansea (£9m).
- £22 million will be spent on reducing the levels of leakage on our potable water network and £16 million will be spent on addressing water quality issues through improvements to our strategic trunk mains and distribution system.
- Glas Cymru was formed in April 2000 for the sole purpose of acquiring Welsh Water. It is a ‘company limited by guarantee’ registered under the Companies Act 1985. Glas Cymru has no shareholders. Instead, Members carry out an important corporate governance role but they do not receive dividends nor do they have any other financial interest in the Company. This corporate structure ensures that all financial surpluses generated are retained and reinvested for the benefit of Welsh Water and its customers.
- Glas Cymru’s constitution limits its purpose to that of financing water assets in Welsh Water’s area of appointment and managing Welsh Water’s business so that high quality water and sewerage services are delivered at least cost to the communities served by Welsh Water. Glas Cymru cannot diversify into other unrelated commercial activities.
Dŵr Cymru Welsh Water
P.O. Box 690
Cardiff
CF3 5WL
Tel: 02920 556 140
Internet: http://www.dwrcymru.com
More News and Articles
Mar 27, 2024
News
USU Study Looks at Water Main Break Rates in the U.S. and Canada
Report Highlights Correlation Between Material and Diameter
Mar 26, 2024
News
Update BE-21: New Material in Course and Modules on Trenchless Pipe Installation
Online training on the topic of pipeline installation in civil engineering: Trenchless technology for underground drainage construction can be a resource-efficient, environmentally friendly, time-saving, and cost-effective alternative to open cut methods. The UNITRACC e-learning course "Utility Tunnelling" has been enhanced …
Mar 25, 2024
Article
Bacteria as a new weapon in wastewater treatment
In early November, San Diego based startup Aquacycl officially opened its first European office and test center at the Water Campus in Leeuwarden. The Netherlands Foreign Investment Agency (NFIA) and the Investment and Development Agency for the Northern Netherlands (NOM) …
Mar 22, 2024
News
A superior HDD offering
Building on its relationships with leading horizontal directional drilling companies, TRACTO Australia has delivered three new rigs to operator Superior HDD.
Mar 20, 2024
News
New portable water filtration technology could improve access to clean drinking water worldwide
The University of Texas at Austin has developed an injectable water filtration system with the aim to aid the over two billion people worldwide who are without clean drinking water.
Mar 18, 2024
News
Global Student Innovation Challenge Calls on Next-Generation Leaders to Tackle Water Security
High School and University Students Worldwide Invited to Expand Water Access and Community Resilience
Mar 15, 2024
News
New water treatment wins Prestigious Award
Introducing a advancement in water treatment, developed by Cardiff University researchers in collaboration with Origin Aqua, the FreeOxTM technology has garnered acclaim by winning a prestigious challenge award at the World Water Tech Innovation Summit. This single-step process not only …
Mar 13, 2024
News
Satellite-based river monitoring technique could provide early warning of flooding
A satellite-based method for monitoring the flow of rivers from orbit could provide a valuable early warning system for flood risk, University of Glasgow researchers have claimed.
Mar 11, 2024
News
Revitalising infrastructure with HDD
Through the use of horizontal directional drilling, TasWater is delivering a new sewer pipeline to improve sewer and stormwater transfer capacity in Launceston, Tasmania.
Mar 06, 2024
News
Picking up the pace on climate action: Building momentum from COP28
At the halfway point of the Paris Agreement, the legally binding international treaty on climate action, average global temperatures are already hitting 1.8°C above pre-industrial levels and future projections are stark. At COP28 in December, we could not escape the reality …
Mar 01, 2024
News
Luminescent sensor detects ‘forever chemical’ pollution in water
Researchers in the UK and Germany have developed a new approach for detecting pollution from ‘forever chemicals’ in water through luminescence.
Feb 28, 2024
Article
BETT installation demonstrating GHG emissions reduction of wastewater treatment
This study presents BioElectrochemical Treatment Technology (BETT) as a new wastewater management solution toward the Net-Zero future. The results reported herein were collected from a BETT pilot system installed at a large brewery in Los Angeles, CA, United States processing …