Consolidated Water (CWCO) said Tuesday its subsidiary Kalaeloa Desalco has received key approval from the Honolulu Board of Water Supply for its $204 million project to build and maintain a 1.7-million-gallon-per-day desalination plant in Hawaii.

The agency, which is also the client, approved the project's pilot test reports and recommendations, the company said.

The project involves a two-year development phase and a two-year construction phase, after which Kalaeloa will operate the plant under a 20-year operations and maintenance agreement, with two five-year extension client options, the company said.

"The construction phase is expected to generate the largest portion of the revenue from the project and be a major growth driver for our services segment in 2026 and 2027," CEO Rick McTaggart said.

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