Brief: Consolidated Water - On May 10 Through Its Wholly-Owned Subsidiary Entered Into An Agreement With Water Authority Of Cayman Islands

Consolidated Water Co

13/05/2022 22:36

May 13 (Reuters) - Consolidated Water Co Ltd  CWCO.O :
    * CONSOLIDATED WATER - ON MAY 10 THROUGH ITS WHOLLY-OWNED
SUBSIDIARY ENTERED INTO AN AGREEMENT WITH WATER AUTHORITY OF
CAYMAN ISLANDS
    * CONSOLIDATED WATER CO LTD - AGREEMENT WITH RESPECT TO
WAC'S
PLANNED SEAWATER REVERSE OSMOSIS PLANT IN GEORGE TOWN, GRAND
CAYMAN
    * CONSOLIDATED WATER - UNDER AGREEMENT, CO WILL DESIGN,
CONSTRUCT
AND COMMISSION PLANT OVER ABOUT NEXT 18 MONTHS AND SELL PLANT TO
WAC
    * CONSOLIDATED WATER CO LTD - DURING TEN YEARS FOLLOWING
SALE TO
WAC, COMPANY WILL OPERATE AND MAINTAIN PLANT AND PRODUCE WATER
FOR WAC
    * CONSOLIDATED WATER CO LTD - PLANT WILL BE CONSTRUCTED ON
LAND
OWNED BY WAC
    * CONSOLIDATED WATER CO LTD - COMPANY HAS BEEN GRANTED A
LICENSE
TO USE LAND FOR CONSTRUCTION AND OPERATION OF PLANT THROUGHOUT
TERM OF AGREEMENT
    * CONSOLIDATED WATER CO LTD - WAC WILL PAY COMPANY ABOUT $20
MILLION (IN JANUARY 2022 VALUES) OVER APPROXIMATE 11.5-YEAR TERM


 ((Reuters.Briefs@thomsonreuters.com;))