---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010841"
form_type: "8-K"
ticker: "CWCO"
cik: "0000928340"
company_name: "Consolidated Water Co. Ltd."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T07:06:16.255966+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Consolidated Water enters $149.6M design-build contract for Hawaii desalination facility

## Summary
- Contract with Honolulu Board of Water Supply for design, construction, and 20-year O&M of Kalaeloa Seawater Desalination Facility.
- Design-Build Price set at $149.6M; includes $11.5M development fee paid upon milestones.
- Water delivery guarantee of 1.7 million gallons per day (range 1.615-1.785 MGD) with liquidated damages for shortfalls.
- Parent company CWCO guarantees subsidiary's obligations under a separate guaranty agreement dated June 2, 2023.
- Contract may be renewed for two additional 5-year terms at BWS's option.

## SEC filing metadata
- accession: 0001558370-23-010841
- form_type: 8-K
- ticker: CWCO
- cik: 0000928340
- company_name: Consolidated Water Co. Ltd.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928340/000155837023010841/0001558370-23-010841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928340/000155837023010841/cwco-20230602x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010841
- JSON: https://secwatch.observer/filing/0001558370-23-010841.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010841.txt

## Key facts
- Material Agreements
  Consolidated Water Co. Ltd. entered into Service Agreement with The Board of Water Supply of the City and County of Honolulu, Hawaii (the “BWS”) valued at $149,648,118.00 (Design-Build Price) (effective 2023-06-02).
  - Action: entry
  - Agreement: supply
  - Counterparty: The Board of Water Supply of the City and County of Honolulu, Hawaii (the “BWS”)
  - Value: $149,648,118.00 (Design-Build Price)
  - Effective: 2023-06-02
  source text: On June 2, 2023, Consolidated Water Co. Ltd. (the “Company”), through its indirect wholly-owned subsidiary, Kalaeloa Desalco LLC (“Kalaeloa Desalco”), entered into a service agreement (the “Agreement”) with The Board of Water Supply of the City and County of Honolulu, Hawaii (the “BWS”), relating to the design, construction, operation and maintenance of the Kalaeloa Seawater Desalination Facility in Oahu, Hawaii (the “Project”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/928340/000155837023010841/0001558370-23-010841-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.