Consolidated Water building desalination plant in Bermuda

Consolidated Water Co. (NASDAQ: CWCO) today announced it's won a contract with the Government of Bermuda to build and operate a desalination plant on the north coast of the island.

The project is to consist of a 600,000 U.S. gallon per day seawater desalination plant, a standby electrical power plant and 1.27 miles of water delivery pipelines.

The production capacity of the plant is to be designed for expansion to 1.2 million gallons at a later date.

The contract requires the company's recently formed affiliate, Consolidated Water (Bermuda) Limited, to construct and commission the plant and pipeline within 11 months and to operate the facility for at least 12 months after commissioning.

Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent.

The company currently operates water production and/or distribution facilities in the Cayman Islands, Barbados, Belize and The Commonwealth of the Bahamas. The company's affiliate, Ocean Conversion (BVI) Ltd., also produces and distributes water in the British Virgin Islands.

Shares of Consolidated Water were up 1.26% today to $24.05 on the news.

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