Overview
- Thames Water has moved to level one drought preparedness following the driest March in England and Wales since 1961, with reservoirs at 94% capacity.
- CEO Chris Weston assured MPs that water supplies are secure but acknowledged potential usage restrictions depending on rainfall in the coming weeks.
- The company is losing 56 mega-tonnes of water daily to leaks, while its £250 million Beckton desalination plant remains out of service for another summer.
- Thames Water faces financial challenges, having operated on just five weeks’ liquidity in 2024, and is in exclusive talks with private equity firm KKR for a £4 billion equity injection.
- Regulators and MPs have raised concerns over the company’s accountability, environmental performance, and the transparency of its proposed takeover by KKR.