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Media centre
Following consultation, Ofwat has changed the appointment conditions of Portsmouth Water Limited. This will maintain the protection of Portsmouth Water's customers, following changes to the water company's ownership. In February this year Secondary Market Infrastructure Fund UK LP acquired a 36% equity interest in South Downs Capital Ltd, the ultimate holding company of Portsmouth Water Limited. Notes to Editors: 1. The Director General of Water Services is the economic regulator of the water and sewerage companies in England and Wales. He exercises his powers in a way that he judges will allow them to carry out their functions properly, and finance them. His duties include protecting the interests of customers, wherever appropriate by promoting effective competition. 2. A copy of the consultation and subsequent modifications are available on the Ofwat website, www.ofwat.gov.uk or from the Ofwat library on 0121-625 1373. 3. Portsmouth Water Limited supplies water services to nearly 290,000 properties. MEDIA ENQUIRIES TO OFWAT PRESS OFFICE ON: 0121 625 1416/1496/1442. Ofwat publications and press notices can be found on Ofwat's website at: www.ofwat.gov.uk  | ||||||
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