Northumbrian Water has secured a £400 million equity investment to support the delivery of its business plan for the current five-year regulatory period.
AMP8 is the water company’s largest and most ambitious plan dedicated to advancing customer service and environmental performance.
CK Infrastructure Holdings (CKI) announced the company, CK Asset Holdings, Power Assets Holdings and CK Hutchinson Holdings completed the equity investment.
The funding contributes to Northumbrian Water’s AMP8 capital programme of more than £4 billion across the North East, Essex and Suffolk – more than double the investment under AMP7.
Andrew Hunter, Co-Managing Director of CKI and Chair of Northumbrian Water said: “This equity injection reaffirms CKI’s commitment to Northumbrian Water and our confidence in the outlook for the UK water sector as a long-term infrastructure owner-operator. Since 2011, under the CK Group’s ownership and guidance, Northumbrian Water has consistently been a top-performing water company across financial and operational barometers. CKI is providing the financial resources and strategic stewardship to ensure this trajectory continues for Northumbrian Water into the future.
“The £400 million investment is paramount to future-proofing Northumbrian Water’s network and for continuously driving its operational excellence, efficiency and financial resilience. These qualities are essential for ensuring service standards and operational resilience over the long term.”
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