Consolidated Water Co. Ltd. announced Monday it had won a contract to privatise water utilities across five different Turks and Caicos Islands.
As the successful bidder in the privatisation process, Consolidated Water Co. Ltd. will become responsible for producing potable drinking water from seawater, distributing it to residential and commercial customers via pipeline, billing and collections on Grand Turk, Salt Cay and South Caicos.
Water sales on these three islands are estimated to be less than 500,000 U.S. gallons per day, but demand is expected to increase as additional production capacity is installed and pipelines are extended.
The contract also allows it to establish retail water operations on the more sparsely populated North and Middle Caicos Islands, where the company sees significant development potential.
‘We are delighted to announce our selection as the successful bidder in the privatisation of the retail water operations on five of the seven islands of the Turks & Caicos,’ commented Rick McTaggart, Chief Executive Officer of Consolidated Water Co. Ltd.
‘We look forward to working with the Government in the execution of a final contract and to a long-term relationship as the provider of quality potable water to the residents and businesses on these islands,’ he said.
‘Our entry into the Turks and Caicos Islands will expand to six the number of countries in which Consolidated Water is producing potable water from seawater using reverse osmosis technology.’
Minister responsible for Works in Turks and Caicos, Jeffery Hall, said: ‘To any developing country in the world, a water and sewerage policy is critical for ensuring protection and security of its water sources, its water independence, its water management and the way forward for sustaining and ensuring the safety of its water resources.’
‘I am therefore pleased that a company with the reputation such as Consolidated Water has been selected as the preferred shareholding company for our privatisation initiative on five of our islands.’
Under the terms of its bid, Consolidated Water’s rights are perpetually renewing, subject to a quality and compliance review by the Government every five years. Finalisation of a contract is dependent upon the ability of Consolidated Water and the Government of the Turks and Caicos Islands to reach a mutually acceptable agreement, the company said in a press release.
Consolidated Water Co. Ltd. currently operates water production and/or distribution facilities in the Cayman Islands, Belize, the British Virgin Islands and The Commonwealth of The Bahamas. It is building a seawater desalination plant in Bermuda.