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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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