For over a decade Thames Water has been planning a GBP 4.1bn tunnel to capture raw wastewater which overflows from its sewer system into the Thames River during heavy rains. The project is currently seeking final development consent and has the support of key stakeholders including the Government, the Department for Environment, Food and Rural Affairs, the Environment Agency and the Greater London Authority. However, it remains controversial, principally because no in-depth study has ever been carried out on alternative green infrastructure or blended approaches, and also because Thames Water’s dividend policy and increasing leverage has left it unable to finance the investment without significantly raising water bills.
Tunnel vision: Thames Water and the London Tideway Tunnel
October 21, 2013
About BloombergNEF
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →