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April 9, 2014
08:35 EDTCWCOConsolidated Water announces contracts with Water Authority-Cayman
Consolidated Water announced the receipt of a new contract to refurbish the Lower Valley desalination plant and the extension of an existing contract to operate the North Sound desalination plant. Both contracts are with the Water Authority-Cayman, or WAC, the water utility owned by the Cayman Islands Government, and each of the plants is located on the island of Grand Cayman. The WAC has awarded to Consolidated Water a contract to refurbish its 800,000 USgpd Lower Valley desalination plant. The WAC will demolish the existing Lower Valley Plant equipment to be replaced under the contract and prepare the existing plant building for installation of the new equipment. The contract requires completion of the refurbishment work within 250 days following the contract's execution date. Following the commissioning of the refurbished plant, Consolidated Water will operate the plant for a period of three months and comply with certain performance criteria before transferring the plant to the WAC. The refurbished plant will have a rated water production capacity of 800,000 USgpd. The company also announced a 12-month extension of its contract to operate the WAC's 1.6M USgpd North Sound seawater desalination plant. Consolidated Water constructed and commissioned the North Sound plant in 2002 for the WAC, expanded its production capacity in 2007 from 800,000 USgpd to 1.6M USgpd, and has satisfactorily operated the plant under contract since commissioning. The operations contract was originally scheduled to expire on April 1. The WAC has extended the contract for 12 months, with certain adjustments to the terms of the contract as agreed between the WAC and the company and approved by the Central Tenders Committee of the Cayman Islands Government. The 12-month extension period will allow the WAC sufficient time to arrange the public tender process for a new operations contract for the plant, as required under the Cayman Islands Public Management and Finance Law. Consolidated Water intends to participate in this tender process.
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November 10, 2014
17:38 EDTCWCOConsolidated Water reports Q3 EPS 13c, consensus 9c
Reports Q3 revenue $17M, consensus $15.64M.

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