OCEAN CONVERSION (CAYMAN) LIMITED ("OC-CAYMAN")
Consolidated Water Co. Ltd.'s wholly owned subsidiary OC-Cayman provides bulk water under various licenses and agreements to the Water Authority-Cayman, a government-owned utility and regulatory agency that distributes the water to properties located outside our exclusive retail license service area in Grand Cayman. OC-Cayman operates four desalination plants owned by the Water Authority-Cayman.
We provide bulk water on a ‘take-or-pay’ basis to the Water Authority-Cayman, which in turn distributes that water to properties in the parts of Grand Cayman that are outside of our retail license area. During 2008, we supplied the Water Authority-Cayman with approximately 1.0 billion US gallons of water.
The Cayman Islands Bulk Water desalination plants that we operate on behalf of the Water Authority-Cayman are:
