FORT LAUDERDALE, Fla., Jan. 11 /PRNewswire/ -- DevconMatrix Utility Resources, LLC (DevMat), a joint venture of Devcon International Corp. and Matrix Desalination Inc., is partnering with Cotton Bay Developers Limited (CBDL) to form Eleuthera Utilities Ltd. (EUL) on the large Bahamian island of Eleuthera.
CBDL, the first large-scale developer in the Bahamas that is majority Bahamian-owned, is currently developing the Seashells at Cotton Bay residential community where the EUL ecologically friendly and environmentally green utility facilities will be located.
EUL has agreed to build, own and operate a Matrix-designed reverse-osmosis seawater plant capable of producing in excess of .5 million gallons (U.S.) of fresh water per day, a wastewater treatment plant and a stand-by power generation facility. These facilities will initially serve the Seashells at Cotton Bay community, but an expandable design will allow EUL to address further business opportunities on Eleuthera, which lies east of Nassau in the Bahamas chain.
Whitney Irons, president of Matrix Desalination, Ft. Lauderdale, has been named chief operating officer responsible for EUL's day-to-day operations. He said, "CBDL and DevMat are a perfect fit, and this project has the potential to become the principal provider of utility services to Central Eleuthera. With developments like Seashells and others planned by CBDL, the island is growing and the expanding population needs fresh water, waste treatment facilities and back-up power. DevMat has the expertise and resources to profitably deliver these utility services at competitive prices to our user customers."
Mr. Irons added, "DevMat made an initial investment and has become the majority partner of EUL. The facilities are currently in the engineering and design phase." He said the reverse-osmosis plant will pump the desalinated water into the fresh-water supply.
He pointed out that "wastewater will be treated and reclaimed for irrigation, while solid waste disposal will involve recycling and incineration to eliminate landfill and open pit burning. The design includes a special secondary high-temperature burner, which virtually eliminates stack gas emissions."
"We value our partnership with CBDL, which greatly enhances our presence in the Bahamas," Mr. Irons said, "This project provides the platform for EUL to expand and to support CBDL's projects, as well as other developments on Eleuthera and nearby islands."
Franklyn Wilson, C.M.G., and Albert Sands are the principal partners of Cotton Bay Developers Limited (CBDL). An experienced Bahamian company that's majority Bahamian-owned, CBDL is currently developing the Seashells at Cotton Bay residential community on Eleuthera Island in the Bahamas. CBDL also plans further developments on Eleuthera under its "Jack's Bay" master plan.
DevconMatrix Utility Resources LLC is a joint venture formed in 2003 by majority owner Devcon International and privately owned Matrix Desalination to build, own and/or operate reverse osmosis fresh water, wastewater treatment and power systems. Devcon has three operating divisions in addition to DevMat. The Security Services Division provides electronic security services to commercial and residential customers in selected Florida markets. The Construction Division dredges harbors, builds marine facilities, constructs golf courses and prepares residential, commercial and industrial sites, primarily in the Bahamas and the eastern Caribbean. The Materials Division produces and distributes crushed stone, ready-mix concrete and concrete block in the eastern Caribbean from Puerto Rico to Antigua.
Matrix Desalination is a 19-year-old design and engineering company that contracts to build-own-operate utility infrastructure including water, wastewater and power generation facilities primarily in the Caribbean Basin region.
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