Consolidated Water subsidiary signs $82M wastewater plant contract in Arizona

Consolidated Water Co. Ltd.

PERC Water Corp. to build 4 MGD (expandable to 8 MGD) membrane bioreactor plant in Goodyear, AZ.
Project fee of $82M paid via monthly progress payments; construction to take ~26 months.
Early completion bonus up to $600K ($10K/day, max 60 days); liquidated damages of $10K/day for delay.
Plant will serve Liberty Utilities' growing service territory, offsetting potable water use with reclaimed water.
PERC assumes risk of price increases for materials, equipment, and labor; performance/payment bonds required.

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