Severn Trent Water has announced an investment programme totalling £2.5bn over the next five years, from 2010 to 2015, after advising Ofwat that it can meet the requirements of the regulator’s Final Determination.
Severn Trent’s business plan for 2010-15 includes the following infrastucture work:
- Stronger network resilience and reductions in sewer flooding;
- Environmental improvements through improving sewage treatment;
- Investment in assets to ensure that environmental and drinking water quality improvements achieved in the past two decades are maintained; and
- Sustainable improvements to improve the water environment, develop sustainable drainage options, and minimise our carbon footprint.
Tony Wray, chief executive of Severn Trent, said: “Ofwat’s Final Determination represents a tough outcome. By continuing our programme of process and efficiency improvements, we believe we can meet our obligations for the next five years, while also delivering the service improvements our customers have told us they value.”