The company published its revised draft Water Resources Management Plan in August, which outlines the actions and investment required to deliver a secure and sustainable water supply, for the next 50 years and beyond.
The plan includes ambitious leakage and customer demand reduction targets, alongside major infrastructure projects. The South East Strategic Reservoir Option, which is set to be built near Abingdon, will supply Thames Water, Southern Water and Affinity Water customers, whilst the Teddington Direct River Abstraction project will ensure drought resilience in London.
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The next round of consultation and engagement events will be held across Oxfordshire and West London during November and follow extensive public consultation that took place between December 2022 and March 2023.
Nevil Muncaster, Strategic Partnerships Director at Thames Water, said: "We need to act now or face the very real prospect of serious water shortages in the decades to come. The UK has not built a new reservoir for over 30 years, yet we face the genuine risk of the taps running dry if we fail to make bold decisions now.
"A new reservoir in Oxfordshire would be so much more than simply a place to store water and will have a lasting legacy. We have a once in a lifetime opportunity to invest in new infrastructure and provide many social, economic and environmental benefits, including a recreational space for people to enjoy water sports, walking, cycling, fishing and birdwatching.
"Alongside the reservoir, our plan includes a direct river abstraction project in West London, a scheme which will improve our resilience to drought, along with ambitious water demand reduction and leakage targets."
