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Consolidated Water Unit Wins $39.8 Million Water Project Contract

BullishMedium impact
CWCO$30.60 0.07%

Consolidated Water Co. Ltd. (CWCO) announced that its subsidiary, PERC Water, has secured a design-build contract valued at approximately $39.8 million. The agreement with Pismo Beach, California, covers work on the Central Coast Blue Advanced Water Purification Facility. The project scope spans from initial design through commissioning over a timeframe of roughly 24 months, with facility capacity planned at about 750 acre-feet per year.

The award expands the company's presence in the United States water reuse market and provides clearer multi-year revenue visibility. Working with a municipal customer reduces counterparty risk, while the multi-phase scope helps smooth revenue recognition over the course of the agreement.

Investors will likely monitor upcoming developments as construction is expected to begin in spring 2027. Near-term focus will center on backlog additions, potential additional contract awards, and official updates on project profit margins or financial impact.

Key points

  • Consolidated Water Co. Ltd. subsidiary PERC Water won a $39.8 million design-build agreement with Pismo Beach, California.
  • The project covers the Central Coast Blue Advanced Water Purification Facility with an annual capacity of about 750 acre-feet.
  • The contract covers design through commissioning over approximately 24 months, with construction targeted for spring 2027.
  • The deal adds to company project backlog and strengthens revenue visibility with low municipal counterparty risk.

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Questions and answers

What is the value of Consolidated Water's new contract?

The design-build agreement secured by subsidiary PERC Water is worth approximately $39.8 million.

Where is the Central Coast Blue Advanced Water Purification Facility located?

The facility is located in Pismo Beach, California.

When is construction expected to begin on the water purification project?

Construction for the Central Coast Blue facility is targeted to start in spring 2027.