OCEAN CONVERSION (BVI) LTD. ("OC-BVI")
Consolidated Water Co. Ltd. owns 50% of the voting stock of our affiliate, OC-BVI, a British Virgin Islands company, which sells bulk water on a month-to-month basis to the Government of The British Virgin Islands Water and Sewerage Department.
We own an overall 43.5% equity interest in OC-BVI’s profits and certain profit sharing rights that raise our effective interest in OC-BVI’s profits to approximately 45%. OC-BVI also pays fees for certain engineering and administrative services.
Our Bulk Water desalination plants in the British Virgin Islands are located at:
