Profile: Consolidated Water Co Ltd (CWCO.O)
4 May 2016
Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations. The Company's retail water operations supply water to end users, including residential, commercial and government customers. Its bulk water operations supply water to government-owned distributors. The Company's retail and bulk operations serve customers in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia. Its services operations provide engineering and management services, which include the design and construction of desalination plants and the management and operation of desalination plants owned by affiliated companies.
Retail Water Operations
The retail water operations segment produces and supplies water to end users, including residential, commercial and government customers. The Company sells water through its retail operations to a range of residential, commercial and government customers through its wholly owned subsidiary Cayman Water. The Company's retail operations in the Cayman Islands produce potable water at four reverse osmosis seawater conversion plants in Grand Cayman located at its Abel Castillo Water Works (ACWW), Britannia and West Bay sites. It owns the land for its ACWW and West Bay plants. The current production capacity of the two plants located at ACWW is 2.2 million gallons of water per day. The production capacity of the Britannia plant is 715,000 gallons of water per day. The production capacity of the West Bay plant is 910,000 gallons of water per day.
Bulk Water Operations
The bulk water operations segment produces potable water from seawater and sells this water to governments and private customers. The Company sells bulk water in the Cayman Islands through its wholly owned subsidiary OC-Cayman. It sells water to the Water Authority-Cayman (WAC) from three reverse osmosis seawater conversion plants in Grand Cayman that are owned by the WAC but operated by OC-Cayman: the Red Gate, North Sound and North Side Water Works plants, which have production capacities of approximately 1.3 million, 1.6 million and 2.4 million gallons of water per day, respectively. The WAC operates the Lower Valley plant.
In Belize, the Company sells bulk water through its wholly owned subsidiary CW-Belize. The Company owns the reverse osmosis seawater conversion plant in Belize and leases the land on which its plant is located from the Belize government. The Company sells bulk water in The Bahamas to the Water and Sewerage Corporation of The Bahamas (WSC) and to a private resort on Bimini through its majority owned subsidiary, CW-Bahamas. The Company supplies bulk water in The Bahamas from its Windsor, Blue Hills and Bimini plants. The Company supplies water from the Blue Hills plant, the Company's seawater conversion facility. The Bimini plant has a capacity of 115,000 gallons per day and supplies water to a private resort. The high pressure pumps for the Company's plants in the Bahamas are diesel-driven. Electricity for the remainder of its plant operations is supplied by Bahamas Electricity Corporation. The Company provides bulk water to the WSC, which distributes the water through its own pipeline system to residential, commercial and tourist properties on the Island of New Providence.
The services operations segment provides engineering and management services, including designing and constructing desalination plants, and managing and operating plants owned by affiliated companies. The Company provides design, engineering and construction services for desalination projects through DesalCo, which is recognized by suppliers as an original equipment manufacturer of reverse osmosis seawater desalination plants for the Company. DesalCo also provides management services to the Company's affiliates. The Company's engineering department also conducts research and development.
The Company competes with GE Water, Veolia, IDE Technologies, GS Inima, OHL Inima and Biwater PLC.
Consolidated Water Co Ltd
TRAFALGAR PL, WEST BAY RD
GRAND CAYMAN 1-1102
Company Web Links
- Consolidated Water Co. Ltd. To Host First Quarter Conference Call On Wednesday, May 11, 2016
- Consolidated Water Co. Ltd. Declares Second Quarter Cash Dividend
- Consolidated Water Co. Ltd. Reports Improved 2015 Operating Results
- Consolidated Water Co. Ltd. To Host FY 2015 Conference Call On Wednesday, March 16, 2016
- Consolidated Water Co. Ltd. Acquires Majority Interest In Aerex Industries