GEORGE TOWN, Cayman Islands, Sept. 12, 2017 /PRNewswire/ -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: "CWCO") ("the Company"), a leading developer and operator of seawater desalination plants, today provided an update regarding the impact of Hurricane Irma on its operations.
President and CEO Rick McTaggart stated: "As Hurricane Irma made landfall in the Caribbean and Florida, our thoughts have been with the people and communities affected, and the wellbeing of our employees has been our priority. We are grateful that our team is safe. Due to loss of power, our desalination plants in the British Virgin Islands remain closed following the severe damage from winds and flooding that the Islands of Tortola and Jost Van Dyke endured from Hurricane Irma. These plants represent 800,000 gallons of daily production, equivalent to 3% of our total water capacity. We are currently unable to estimate how long it will take for power to be restored to Tortola and Jost van Dyke because of the extensive damage to the country's infrastructure, and are also working directly with Government officials to expedite the importation of emergency power equipment. From what we know today, the physical structures of our plants there appear to be intact but without electrical power we are unable to determine whether they are operable. Neither of our three water desalination plants located in the Bahamas sustained damage from the Hurricane. Our Aerex subsidiary in Ft. Pierce, Florida is currently without power but we expect power to be restored within a matter of days, after which we can recommence full manufacturing activities at Aerex. We will continue to closely monitor the situation and report on any material developments."
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce. The Company operates water production and/or distribution facilities in the Cayman Islands, Belize, the British Virgin Islands, The Commonwealth of The Bahamas, and Bali, Indonesia. The Company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment in the United States.
Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman Islands. The Company's ordinary (common) stock is traded on the NASDAQ Global Select Market under the symbol "CWCO". Additional information on the Company is available on its website at http://www.cwco.com.
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SOURCE Consolidated Water Co. Ltd.