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News: Water companies

Water companies said this week that they were preparing to tender to run Welsh Water's infrastructure after the water regulator cleared plans for its owner Western Power Distribution to sell it to a not for profit trust. Anglian and Severn Trent Water told NCE they would be bidding for the running of everyday 'source to tap' services. The company plans to contract out this work after it is bought out by Glas Cymru for £1.8bn. The move is expected to increase efficiencies for Welsh Water, allowing it to cut customers bills. Profits will be used to fund the £250M annual investment programme for Welsh Water and to add to equity reserves.

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