Because of the quantity of water in the fuel, as opposed to a careful introduction of water into the combustion process.  Typical water contamination is bad in fuel tanks as water is denser than aviation fuels and settles at the bottom of the tanks.  Aviation fuels are also hydrophobic (non-polar) and so do not readily mix with water.  Therefore water will settle unmixed at the bottom of the tanks, in the fuel sumps or feeder hoppers and when ingested into the engine will fuel starve it and cause it to shut down.  Water injection, however carefully controls the amount of water going into the engine along with fuel at the point of combustion, allowing for continued engine operation.