CWCO announced that it signed a definitive agreement with the water authority of the Cayman Islands for a seawater reverse osmosis plant in George Town, Grand Cayman.

The plant will produce up to 2.64 million gallons of potable water per day using two independent reverse osmosis trains.

Consolidated Water expects the deal to generate $20 million in revenues over the term of the contract of nearly 11.5 years, with the majority of revenues expected in the first 18 months as the company builds and sells the plant to the water authority.