The Desalination Company of Trinidad and Tobago (DESALCOTT) is a single purpose entity originally formed in 1999 to sell desalinated sea water to the Water and Sewerage Authority (WASA) on a build own operate basis. Desalcott has the total responsibility to design, build, finance and operate the US$200,000,000.00 desalination plant. Desalcott was a joint venture enterprise between Trinidadian company Hafeez Karamath Engineering Services Limited (HKESL) with a 60% shareholding and General Electric (who acquired the shareholding of the other original investor, Ionics Inc. in 2005) a USA based company with a 40% shareholding. In November 2012, HKESL purchased General Electric’s entire shareholding making DesalCoTT 100% locally owned and operated.In November 2012 Desalcott was contracted by WASA to increase its production from 24 million imperial gallons of water per day (MIGD) to 40 MIGD.