NASSAU, BAHAMAS — Prime Minister Dr Philip Davis yesterday made clear that his administration will not interfere in the ongoing investigation into matters related to the Water and Sewerage Corporation (WSC), insisting that the government will allow the independent investigator to “do what they have to do”. Vengeance is not mine. I’m not looking for […]
NASSAU, BAHAMAS — The Water & Sewerage Corporation’s (WSC) main supplier said yesterday that so far it has received nearly $15 million towards the corporation’s outstanding debt, which was just over $21 million at the end of its second quarter. David Sasnett, chief financial officer of the BISX-listed, Cayman-headquartered water solutions provider, said during a […]
“Should WSC not meet their obligations, Aqua Design Bahamas will cease production on May 8, 2021” NASSAU, BAHAMAS — Aqua Design Bahamas, the operator of reverse osmosis plants that supply potable water to several Family Islands, has advised it will delay the closure of its plant amidst a dispute with the government over its contract. […]
NASSAU, BAHAMAS — Consolidated Water recently noted that delays in collecting on nearly $20 million in receivables from the Water and Sewerage Corporation (WSC) have adversely impacted the liquidity of its Bahamas subsidiary. The BISX-listed water supplier, in its annual year-end 10-K filing with the US Securities & Exchange Commission (SEC), noted: “CW-Bahamas’ accounts receivable […]
Similar project being implemented on GB NASSAU, BAHAMAS — The Water and Sewerage Corporation (WSC) recently signed a memorandum of understanding (MOU) with IsraAID for the development and implementation of a Sustainable Groundwater Management Project (SGMP) on Abaco following the passage of Hurricane Dorian in 2019. The contract was signed by WSC Executive Chairman Adrian […]
NEW BIGHT, BAHAMAS — A contract was signed yesterday between the Water and Sewerage Corporation (WSC) and Island Site Development Co for the provision of the initial stages of piped potable water on Cat Island — a first in the island’s history. According to WSC Executive Chairman Adrian Gibson, WSC is executing a Caribbean Development […]
