Attached files
file | filename |
---|---|
8-K - Consolidated Water Co. Ltd. | v210070_8k.htm |
EX-10.1 - Consolidated Water Co. Ltd. | v210070_ex10-1.htm |
EX-10.3 - Consolidated Water Co. Ltd. | v210070_ex10-3.htm |
EXHIBIT
10.2
Portions
of this document have been omitted
pursuant
to a request for confidential treatment. The
omitted
portions are marked ***** and have been
filed
separately with the Commission.
WATER
AND SEWERAGE CORPORATION
87
Thompson Blvd.
P.O.
Box N-3905, Nassau, Bahamas
www.wsc.com.bs
“Committed to Growth,
Committed to
Quality”
|
LETTER
OF ACCEPTANCE
Our Ref: WSC
236/13
|
Date: January
25, 2011
|
CONSOLIDATED
WATER CO. LTD.
Trafalgar
Place
P.O. Box
1114 GT
George
Town, Grand Cayman
Cayman
Islands
ATTN.:
|
MR.
FREDERICK McTAGGART
|
PRESIDENT
& CEO
Dear
Sir,
BLUE
HILLS SEAWATER REVERSE OSMOSIS PLANT EXPANSION
The Water
and Sewerage Corporation (“WSC”) hereby accepts Consolidated Water Co. Ltd.
(“CWCO”) Proposal dated December 8, 2010, for the expansion of the existing Blue
Hills Seawater Reverse Osmosis (BHRO) Plant on a Build Own, and Operate
(BOO).
The
expansion shall have an installed production capacity of 4.0
Migd. The WSC will guarantee to purchase 3.5 Migd
at a price of * * * *
*/1000imperial gallons from the expansion plant in accordance with the
attached rate sheet. It is agreed that discussions are ongoing
regarding combining the rate sheets for the expansion and existing plant however
these discussions must not and will not delay the commencement of
construction.
The
expansion plant is to be commissioned no later than eight (8)
months from the date of issue of this Letter of Acceptance which also
serves as an Authorization to Proceed. Terms and conditions will
remain as per the existing contract.
CONFIDENTIAL
BLUE
HILLS SWRO EXPANSION
|
25-JAN-2011
|
LETTER
OF ACCEPTANCE
|
Until a
formal Amendment to the existing contract is executed, this Letter of
Acceptance, together with your Proposal, will constitute a full and binding
agreement between CONSOLIDATED
WATER CO. LTD. and the WATER AND SEWERAGE
CORPORATION.
Please
acknowledge receipt and acceptance of the above conditions by signing and
returning the enclosed copy of this letter.
Yours
faithfully,
WATER
AND SEWERAGE CORPORATION
|
|
Signature:
|
/s/ Glen F. Laville
|
Glen
F. Laville
|
Title:
|
General
Manager
|
Acknowledged
and Accepted on behalf of:
CONSOLIDATED WATER CO. LTD.
Signature:
|
/s/ Frederick W.
McTaggart
|
Frederick W.
McTaggart
|
Title:
|
President & CEO
|
Date:
|
January 31,
2011
|
CONFIDENTIAL
Portions
of this document have been omitted
pursuant
to a request for confidential treatment. The
omitted
portions are marked ***** and have been
filed
separately with the Commission.
Blue
Hills Expansion
4
MIGPD expanded capacity
3.5
MIGPD Guarantee
|
|||||
Plant
Production Rate, IGPD
|
3,500,000
|
Availability
Factor
|
1.0000
|
||
Annual
Prod. kgal/yr
|
1,277,500
|
Annual
Interest Rate
|
*****
|
||
Plant
Capital Cost
|
*****
|
Number
of Years
|
20
|
||
Production
Costs (Annual)
|
Annual
Cost
|
B$/kigal
|
|||
FIXED
COSTS
|
Total
|
||||
Fixed
Charges – Capital Repayment
|
*****
|
*****
|
|||
General
& Administrative (Note 1)
|
*****
|
*****
|
|||
Operation
& Maintenance Labor
|
*****
|
*****
|
|||
Overhead
& Profit on Labor
|
*****
|
*****
|
|||
SUBTOTAL
FIXED COSTS
|
*****
|
*****
|
|||
Note
1: includes allowance for bonding and insurance
|
|||||
CONSUMABLES
|
B$/US
gal
|
US
gal/klgal
|
|||
Diesel
Fuel
|
2.350
|
*****
|
*****
|
*****
|
|
Electricity
|
B$/kwh
|
kwh/klgal
|
|||
Power
Consumption
|
0.2720
|
*****
|
*****
|
*****
|
|
B$/kVA/yr
|
Max.
kVA
|
||||
Demand
Charge
|
136.32
|
*****
|
*****
|
*****
|
|
B$/lb
|
Ib/klgal
|
||||
Total
Chemical Consumables
|
*****
|
*****
|
|||
-
|
*****
|
||||
Spare
Parts & Equipment Consumables
|
*****
|
*****
|
|||
*****
|
*****
|
||||
Subtotal
Consumables-less Profit
|
*****
|
*****
|
|||
Overhead
& Profit on Consumables
|
*****
|
*****
|
|||
SUBTOTAL
CONSUMABLES
|
*****
|
*****
|
|||
TOTAL
PRICE:
|
*****
|
*****
|
CONFIDENTIAL