Consolidated Water's Cayman Islands Water Utility Receives New Water Production and Supply Concession from Cayman Islands Government

Core Insights - Consolidated Water Co. Ltd. has received a new concession from the Cayman Islands government, granting exclusive rights to produce and supply potable water in its service area on Grand Cayman [1][4] - Cayman Water Company operates three seawater reverse osmosis desalination plants, producing approximately 4 million gallons per day for local residences and businesses, with increased retail water sales attributed to business and population growth [2][5] - The regulatory framework in the Cayman Islands requires Cayman Water to secure a concession before obtaining or renewing its operating license, with negotiations for the new license expected to commence shortly [3][4] Company Overview - Consolidated Water Co. Ltd. specializes in developing and operating advanced water supply and treatment plants, including seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands [5][6] - The company has recently entered the U.S. desalination market with a contract for a seawater desalination plant in Hawaii, expanding its operational footprint [5] Regulatory Context - The Cayman Islands enacted regulatory changes in 2018, necessitating that Cayman Water obtain a concession prior to securing an operating license, which will involve a restructuring of previous operating terms [3][4] - The existing operating license, granted in 1990, will remain effective until the new license is issued by the utility regulator, OfReg [4]