London & Valley Water Statement on Thames WaterLONDON, July 21, 2026 (GLOBE NEWSWIRE) -- In response to press speculation surrounding Thames Water’s restructuring efforts, the London & Valley Water consortium (“L&VW”) confirms that it continues to be in active discussions with regulators about a comprehensive recapitalisation and transformation of the Company. Experienced investors are ready to provide the £10 billion of new capital that Thames Water needs urgently to deliver the turnaround, with all profits being reinvested in the infrastructure until the business is turned around and returned to the public markets.
London & Valley Water submits ambitious plan to transform Thames Water for customers and the environment, and deliver long-term financial resilienceLONDON, Oct. 02, 2025 (GLOBE NEWSWIRE) -- The London & Valley Water consortium (“London & Valley Water” / “LV&W”) has submitted to Ofwat a detailed and improved proposal to deliver the turnaround, transformation and recapitalisation of Thames Water (the “Plan”). This proposal remains subject to ongoing discussions with Thames Water, Ofwat and other regulators, with the aim of reaching alignment as quickly as possible this Autumn given the urgent need to stabilise Thames Water and begin to deliver long-term performance improvement.
New £20.5bn Performance Improvement and Turnaround Plan to transform Thames Water’s operations for customers and the environmentLONDON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- A major new plan to invest, upgrade and turn around Thames Water’s operations has been submitted to Ofwat by the London & Valley Water consortium. The Performance Improvement and Turnaround Plan will deliver a step-change in customer service and environmental outcomes with a focus on cleaning up waterways, maintaining supply of highest quality drinking water, reducing pollution, building operational resilience and strengthening asset health. The plan will fix the foundations of Thames Water and set a clear pathway to addressing current compliance gaps.
