PAYING ITS DUE: Water Corp cuts outstanding debt to main supplier down to nearly $15M

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 […]

WSC’s near $20M debt adversely impacting liquidity of Bahamian subsidiary, says Consolidated Water

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 […]

WSC signs MOU with IsraAID for Abaco groundwater management projects

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 […]