But then monstrous: The UK regulator Office of Water Services (Ofwat) demanded by RWE in all seriou

Photo: jackalope [CC-BY-SA-3.0] In 1989, the British government water authority Thames Water Authority was privatized. The private water company artisan Thames Water Utilities Limited was born. The idea came from the then British prime minister Maggie Thatcher, also known as the "Iron Lady". The privatization fresh capital should be flushed into the coffers of Thames Water. Money was urgently needed to renovate the dilapidated water and sewage system of London.
In 2000, the Rhenish-Westphalian electricity AG, RWE short, Thames Water bought for then 14 billion marks. This RWE rose to become the third largest water utility in the world. At first everything went well for RWE, the profits were, the return expectations of investors have been satisfied. And - the price of water increased. And - the investment by RWE in the crumbling London's water and sewage system were made. Who would have thought.
But then monstrous: The UK regulator Office of Water Services (Ofwat) demanded by RWE in all seriousness, 714 million in investments for drinking water lines and 470 million for the sewers. And - it was prohibited RWE, reallocate the investments in the water price. Thus, the RWE managers had not anticipated.
But instead of investing, RWE sold in 2006, Thames artisan Water for 12 billion euros to the consortium Kemble Water Limited, led by the Australian artisan bank Macquarie. From now on, "water" was no longer part of the core business of RWE.
A few more facts: Only in the period from 1989 to 2000 rose in London the price of water by 41 percent. between waterworks and faucet insure daily for 30 per cent of London's drinking water. the drinking artisan water in London tastes artisan stale and needs to be heavily chlorinated. the water pressure fluctuates and goes partly for the higher floors from.
Currently just the Thames Tideway Tunnel is planned and already partly built in London. Of course, to get through this mammoth project additional burdens on the London water customers. It is estimated that 70-80 British pounds per year.
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