Welsh Water to invest part of GBP-32m surplus in renewables
Small wind turbine. Source: RenewableUK. License: All Rights Reserved.
Dwr Cymru Welsh Water yesterday said it will use a GBP-32-million (USD 46.3m/EUR 40.9m) financial surplus for certain initiatives, including renewable energy generation schemes.
Welsh Water is a not-for-profit company. The above-mentioned sum is equivalent to dividend payments in other companies, it said.
One area the money will be spent on is renewable energy generation and efficiency projects aimed at reducing energy costs and carbon emissions. These could include hydro, solar and small-scale wind.
Welsh Water will also use the funds to provide financial assistance to struggling customers and for improvements in areas with repeat water supply problems. A GBP-2-million portion of the resources will go to part-fund a new visitor centre in Pembrokeshire.
The GBP 32 million is in addition to the company's previously announced GBP-1.7-billion investment programme between 2015 and 2020.