Santamarina y Steta advises the consortium led by Mexican subsidiary of Consolidated Water Co. Ltd. (Nasdaq: CWCO) in the Public-Private Partnership project for the construction and operation of the largest water desalination plant in the Americas
- The investment is estimated in 9 billion pesos.
- The plant shall at least supply drinking water to Playas de Rosarito and Tijuana.
Mexico City, Mexico, September 13th, 2016. The Mexican law firm Santamarina y Steta advised the consortium comprised by N.S.C. Agua, S.A. de C.V, subsidiary of Consolidated Water Co. Ltd (Nasdaq: CWCO), NuWater de México, S.A.P.I. de C.V., and Degrémont, S.A. de C.V. in the preparation and filing of the proposal that won the bid for the construction and operation of the Americas’ largest, and world’s third-largest, water desalination plant, that shall be located in Playas de Rosarito, Baja California.
The investment, of approximately 9 billion pesos, will enable the plant to fill the shortage of drinking water that has affected Playas de Rosarito and Tijuana in recent years. After its opening, estimated for late 2019 or early 2020, the plant shall produce approximately 50 million gallons of potable water per day. In a second phase, scheduled for 2024, the plant shall double its production capacity.
For the award of this project, Santamarina y Steta advised the winning consortium in the analysis of the unsolicited proposal, including preparation of the project, as well as in the filing of the offer and execution of the Public Private Partnership (PPP) with the Baja California government.
The team that advised the consortium was led by Jose Ramon Ayala, partner of Santamarina y Steta whose professional practice is focused on mergers and acquisitions, and finance and restructuring. Additionally, the associate Guillermo Moreno, expert in mergers and acquisitions, joined the efforts regarding this project.