CWCO - Consolidated Water to build Hawaii water desalination plant in $204M deal
2023-06-06 18:07:06 ET
Consolidated Water ( NASDAQ: CWCO ) +6.7% post-market Tuesday after saying it signed a definitive agreement with the Honolulu Board of Water Supply to build and operate a seawater reverse osmosis desalination plant.
The plant will be capable of producing potable water from saline source water derived from seawater wells, and it has guaranteed to deliver 1.7M gal/day of potable water to BWS' water system on a 24/7 basis.
The company said it expects revenue generated over the 24-year base term of the contract to total ~$204M in current dollars, including nearly $150M to be generated during the development, design and construction phase.
Consolidated Water ( CWCO ) said the plant will be the 24th seawater reverse osmosis desalination plant it has built and the first in the U.S.
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Consolidated Water to build Hawaii water desalination plant in $204M deal