Article 161 Agreement Ni Water

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Article 161 Agreement for NI Water: A Closer Look

The Northern Ireland Water (NI Water) is a government-owned company responsible for the provision of clean and safe water supply, as well as the treatment of wastewater in Northern Ireland. The company operates a number of wastewater treatment plants and water treatment facilities, ensuring that the public has access to high-quality water services.

One of the critical agreements that NI Water operates under is the Article 161 Agreement. This agreement is an arrangement between the Northern Irish government and NI Water that outlines the financial and regulatory framework that governs the company`s operations.

The Article 161 Agreement was first put in place in 2006, and since then, it has been amended periodically to reflect changes in the regulatory landscape and the company`s operations. The agreement outlines various key provisions, including:

– Financial Framework: The Article 161 Agreement sets out the financial structure that governs NI Water`s operations, including its funding sources, budget, and the company`s financial reporting requirements.

– Asset Management: The agreement puts in place a rigorous asset management framework that ensures that NI Water`s assets (such as water treatment plants and wastewater treatment facilities) are appropriately maintained and upgraded.

– Performance Indicators: The agreement also specifies the performance indicators that NI Water must meet to ensure that it is providing the highest quality water services to the public. These indicators include measures such as water quality and availability, customer satisfaction, and environmental impact.

– Regulatory Oversight: The Article 161 Agreement also establishes a regulatory framework to oversee NI Water`s operations. The company must comply with a range of regulatory requirements, including those set by the Northern Irish government, the UK water regulator, and the European Union.

The Article 161 Agreement plays a critical role in ensuring that NI Water operates in a financially sustainable and environmentally responsible way, while also meeting the needs of its customers. By providing a clear framework for the company`s operations, the agreement helps to ensure that NI Water continues to provide high-quality water services to the public in Northern Ireland.

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