The locations  The Company The Cayman Islands is situated in the Caribbean Sea,  480 miles south of Miami, and is made up of three  islands: Cayman Brac, Little Cayman and the largest  Grand Cayman, where the capital George Town is  located. The population of the Cayman Islands is  approximately 45,000, comprising a balanced mixture  of residents and expatriates. A British Overseas Territory, the Cayman Islands is one  of the world’s leading offshore financial centres. With  a tropical climate averaging 80 degrees year round, it  is no surprise that Cayman’s other major industry is  tourism. Last year over 1.4 million visitors were  attracted to the Islands. Ambergris Caye, population approximately 2000,  represents the largest island in Belize and the main  spot for travellers to this Caribbean nation. The island  is located 36 miles north of Belize City and is serviced  by regular twenty minute flights from the capital. In  the last few decades the incredible scenery of Ambergris  Caye has led to a large growth in both the Belize dive  and scuba trade, and ecotourism. Bimini is the closest Bahamian island to the United  States, only 48 miles east of Miami. Bimini is actually  two separate islands, North and South Bimini,  separated by a shallow, narrow channel. The islands  are renowned for their excellent fishing and diving. In July 2000 Consolidated Water acquired Seatec Belize  Limited. The name of the company was subsequently  A retrofit to the energy recovery system at the  Company’s West Bay production facility was completed  recently. This has resulted in a 42% increase in water  production capacity, and a 25% reduction in energy  consumption by this leading-edge energy efficient  seawater reverse osmosis plant. The Company also  added a third one million gallon storage tank at  West Bay, and is expanding its Governors Harbour  plant’s production capacity by 10% to meet increased  demand for water. The Company serves both the major residential area  of West Bay and the prime tourist area of Seven Mile  Beach, which includes most of the Island’s hotels,  condominiums and restaurants, as well as the Cayman  Island’s only 18 hole USGA championship golf course.  Cayman Water was established in 1973 and has  grown at the same fast pace as development on  Grand Cayman. In December 1998, Cayman Water  changed its name to Consolidated Water but still  continues to trade as Cayman Water in the  Cayman Islands. Consolidated Water  2 Annual Report 2000 Operations on Ambergris Caye started  on July 21st 2000 after the acquisition  of Seatec Belize Limited.