www.investegate.co.uk/article.aspx?id=2 ... 8066T&fe=1
Key highlights
South West Water business plan for the period 2020-2025 'fast tracked' by Ofwat
Momentum continuing in South West Water, with sector leading customer service and an enhanced Return on Regulated Equity (RORE)
Operational ramp up for Glasgow, Dunbar and Beddington Energy Recovery Facilities (ERFs) progressing well, construction of Avonmouth well advanced
Viridor's strategic focus on recycling and residual waste aligned with Government's Resources and Waste Strategy
Strong liquidity and funding position - £680 million of financing secured so far this year, of which £450 million is under Pennon's sustainable financing framework.
But with IRV going bust they are not sure how much they will be able to claim of the £72m IRV owe then 'cos IRV couldn't complete the ERF's they had contracted to build for them.
Given the recent announcements regarding Interserve plc entering into administration we are seeking further clarification regarding the financial position of Interserve Construction Limited the ongoing operating company with whom we contracted, which may change the level of provision to be announced with the full year 2018/19 results on 30 May 2019.