RNS Number:1625J
Ecofin Water & Power Opps PLC
25 March 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) Name of company

Ecofin Water & Power Opportunities plc "Income Shares"

2) Name of shareholder having a major interest

Allianz AG and its subsidiaries

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

Notification of Shareholder named in 2 above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

The Bank of New York (Nominees)Limited

5) Number of shares/amount of stock acquired

900,000

6) Percentage of issued class

1.28%

7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

Income Shares of 1p each

10) Date of transaction

20th March 2003

11) Date company informed

25th March 2003

12) Total holding following this notification

5,640,333


13) Total percentage holding of issued class following this notification

8.058%

14) Any additional information

The Company was notified by Dresdner Kleinwort Wasserstein Group Limited, an
indirect subsidiary of Allianz AG, the ultimate holding company of Merchant
Investors Assurance Company Limited who purchased the shares.  Previous
notifications were announced in the name of Merchant Investors Assurance Company
Limited.

15) Name of contact and telephone number for queries

Karen Garrod 01277 201222

16) Name and signature of authorised company official responsible for
making this notification

Phoenix Administration Services Limited

Date of notification 25th March 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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