Consolidated Water Completes Land Purchases for Mexico Project

May 22, 2014 11:20 am ET

May 22 (Bloomberg) -- Consolidated Water Co., the Caribbean water provider that’s expanded to Bali, Indonesia, completed the purchase of two parcels of land for its proposed desalination plant in Rosarito Beach, Baja California.

The Georgetown, Cayman Islands-based company said today that the 20.1 hectares (50 acres) of property bought for $20 million is needed for the construction and operation of a 100 million gallon a day seawater reverse-osmosis plant.

If its NSC Agua SA unit secures water purchase and other required agreements and approvals, the plan is for the plant to purify seawater for drinking and feed it to a pipeline to deliver water to the Mexican system and the U.S. border, said the company whose operations include the British Virgin Islands, the Bahamas and Belize.