Consolidated Water settles Mexico desalination dispute; receives ~US$36.4M for land and docs

Consolidated Water Co. Ltd.

Settlement resolves ICSID arbitration (Case ARB/22/6) over terminated APP Contract for Playas de Rosarito desalination plant.
NSC sells 20.1 hectares of land to Mexican trust for MXN$596.1M (~US$35.2M); land was acquired for ~US$24.2M.
Additional MXN$20M (~US$1.18M) for project documentation; total aggregate proceeds ~US$36.4M.
Land sale closing scheduled June 10, 2024; parties released from obligations after full discharge.
ICSID arbitration discontinued on May 31, 2024 per discontinuance request filed May 29, 2024.

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