Ancala Partners portfolio company, Portsmouth Water, achieves key milestones towards development of first major reservoir in the UK since 1980s

  • UK water regulator Ofwat approves budget for reservoir to be developed by Ancala portfolio company, Portsmouth Water
  • Funds managed by Ancala Partners investing additional £150 million of equity to finance the reservoir, which will commission in 2029
  • Portsmouth Water signs key contracts ahead of construction commencing on scheme that will provide essential water supplies to South East England

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