Consolidated Water Receives Key Approval for $204 Million Seawater Desalination Plant Project in Hawaii
Consolidated Water (NASDAQ: CWCO) has achieved a crucial milestone for its $204 million seawater desalination plant project in Hawaii. The Honolulu Board of Water Supply approved pilot test reports for the 1.7 million gallon per day facility, confirming the desalinated water's compatibility with existing infrastructure. The project, which began in June 2023, includes a two-year development phase and two years of construction.
Upon completion, CWCO will operate the plant under a 20-year operations and maintenance agreement, with two additional five-year extension options. CEO Rick McTaggart highlighted that the construction phase is expected to be a major growth driver for the company's services segment in 2026 and 2027.
Consolidated Water (NASDAQ: CWCO) ha raggiunto un traguardo importante per il suo progetto da 204 milioni di dollari per un impianto di desalinizzazione dell'acqua di mare alle Hawaii. Il Consiglio dell'Acqua di Honolulu ha approvato i rapporti dei test pilota per l'impianto da 1,7 milioni di galloni al giorno, confermando la compatibilità dell'acqua desalinizzata con le infrastrutture esistenti. Il progetto, iniziato a giugno 2023, prevede una fase di sviluppo di due anni seguita da due anni di costruzione.
Al termine, CWCO gestirà l'impianto con un accordo di operazioni e manutenzione della durata di 20 anni, con due opzioni di estensione di cinque anni ciascuna. Il CEO Rick McTaggart ha sottolineato che la fase di costruzione rappresenterà un importante motore di crescita per il segmento servizi dell'azienda nel 2026 e 2027.
Consolidated Water (NASDAQ: CWCO) ha alcanzado un hito crucial para su proyecto de planta de desalinización de agua de mar en Hawái valorado en 204 millones de dólares. La Junta de Suministro de Agua de Honolulu aprobó los informes de pruebas piloto para la instalación de 1,7 millones de galones por día, confirmando la compatibilidad del agua desalada con la infraestructura existente. El proyecto, que comenzó en junio de 2023, incluye una fase de desarrollo de dos años y dos años de construcción.
Al completarse, CWCO operará la planta bajo un acuerdo de operación y mantenimiento de 20 años, con dos opciones adicionales de extensión de cinco años cada una. El CEO Rick McTaggart destacó que la fase de construcción se espera que sea un importante impulsor de crecimiento para el segmento de servicios de la compañía en 2026 y 2027.
Consolidated Water (NASDAQ: CWCO)는 하와이에 위치한 2억 400만 달러 규모의 해수 담수화 플랜트 프로젝트에서 중요한 이정표를 달성했습니다. 호놀룰루 상수도 위원회는 하루 170만 갤런 용량의 시설에 대한 파일럿 테스트 보고서를 승인하며, 담수화된 물이 기존 인프라와 호환됨을 확인했습니다. 2023년 6월에 시작된 이 프로젝트는 2년간의 개발 단계와 2년간의 건설 기간을 포함합니다.
완공 후 CWCO는 20년간의 운영 및 유지보수 계약 하에 플랜트를 운영하며, 추가로 5년씩 두 차례 연장 옵션이 있습니다. CEO Rick McTaggart는 건설 단계가 2026년과 2027년에 회사 서비스 부문의 주요 성장 동력이 될 것으로 기대한다고 강조했습니다.
Consolidated Water (NASDAQ : CWCO) a franchi une étape importante pour son projet d'usine de dessalement d'eau de mer de 204 millions de dollars à Hawaï. Le conseil d'approvisionnement en eau de Honolulu a approuvé les rapports des tests pilotes pour l'installation d'une capacité de 1,7 million de gallons par jour, confirmant la compatibilité de l'eau dessalée avec les infrastructures existantes. Le projet, lancé en juin 2023, comprend une phase de développement de deux ans suivie de deux ans de construction.
Une fois achevée, CWCO exploitera l'usine dans le cadre d'un contrat d'exploitation et de maintenance de 20 ans, avec deux options de prolongation supplémentaires de cinq ans chacune. Le PDG Rick McTaggart a souligné que la phase de construction devrait être un moteur de croissance majeur pour le segment des services de l'entreprise en 2026 et 2027.
Consolidated Water (NASDAQ: CWCO) hat einen wichtigen Meilenstein für sein 204 Millionen Dollar teures Meerwasserentsalzungsprojekt auf Hawaii erreicht. Das Honolulu Board of Water Supply genehmigte die Pilot-Testberichte für die Anlage mit einer Kapazität von 1,7 Millionen Gallonen pro Tag und bestätigte die Kompatibilität des entsalzten Wassers mit der bestehenden Infrastruktur. Das im Juni 2023 gestartete Projekt umfasst eine zweijährige Entwicklungsphase und zwei Jahre Bauzeit.
Nach Fertigstellung wird CWCO die Anlage im Rahmen eines 20-jährigen Betriebs- und Wartungsvertrags betreiben, mit zwei zusätzlichen Verlängerungsoptionen von jeweils fünf Jahren. CEO Rick McTaggart betonte, dass die Bauphase voraussichtlich ein wesentlicher Wachstumstreiber für den Dienstleistungsbereich des Unternehmens in den Jahren 2026 und 2027 sein wird.
- Secured approval for $204 million desalination plant project from Honolulu Board of Water Supply
- 20-year operations and maintenance contract with two 5-year extension options
- Construction phase expected to drive significant revenue growth in 2026-2027
- Successfully completed pilot testing phase, confirming water compatibility
- Construction phase pending additional permit approvals
- Extended timeline with two-year development and two-year construction phases before revenue from operations
GEORGE TOWN, Cayman Islands, May 13, 2025 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported that its wholly owned subsidiary, Kalaeloa Desalco LLC, recently achieved a major milestone for its
The Honolulu Board of Water Supply, the client for the multi-year project that commenced in June 2023, approved the pilot test reports and recommendations submitted by Kalaeloa Desalco. The Board concluded that the desalinated water the company produced during the piloting phase is a reasonable match to their existing water supply. They also concluded that the desalinated water from the new plant would not cause any detrimental impact to existing distribution pipes or customer assets.
“This significant project milestone helps pave the way to begin construction once all permits have been obtained,” stated company CEO, Rick McTaggart. “The construction phase is expected to generate the largest portion of the revenue from the project and be a major growth driver for our services segment in 2026 and 2027.”
The Hawaiian project involves a two-year development phase, followed by two years of construction. Once completed and commissioned, the company has been contracted to operate the plant under a 20-year operations and maintenance (O&M) agreement, plus two five-year extension options at the discretion of the client.
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company recently entered the U.S. desalination market with a contract to design, construct, operate and maintain a seawater desalination plant in Hawaii.
The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.
For more information, visit cwco.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "intend", "expect", "should", "will" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the marketplace; (ii) changes in its relationships with the governments of the jurisdictions in which it operates; (iii) the outcome of its negotiations with the Cayman government regarding a new retail license agreement; (iv) the collection of its delinquent accounts receivable in the Bahamas; and (v) various other risks such as economic, operational, and industry-specific risks, as detailed in the company's periodic report filings with the Securities and Exchange Commission (“SEC”). For more information about risks and uncertainties associated with the company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the company’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting the company’s Secretary at the company’s executive offices or at the “Investors – SEC Filings” page of the company’s website at ir.cwco.com/docs. Except as otherwise required by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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