Thames Water, battling to avoid administration, agrees fine payment plan

Britain’s Thames Water agrees to payment plan for £123-million worth of fines

Almost £100-million of the company’s debts could be delayed until 2030 under a deal agreed with regulator Ofwat

Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

Thames Water, battling to avoid administration, agrees fine payment plan

Britain's Thames Water said on Wednesday the regulator had given it some breathing space to repay 123 million pounds ($166 million) worth of fines, as it continues to try to secure new funding to avoid temporary government nationalisation.

Thames Water agrees fine payment plan - as future hangs in balance

Britain's biggest supplier now has until 2030 to pay £122.7m in full as it continues efforts to secure a private sector bailout.

Troubled Thames Water agrees payment plan for Ofwat fines

The water group, which sits on a £16.8billion debt pile, was given separate fines related to its wastewater business and the payment of unjustified dividends to shareholders.

Thames Water agrees to £24.5m payment plan as 'backstop date' set

The fines were originally due to be paid by August 20, but Thames Water requested a payment plan due to its financial difficulties.