UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
DC 20549



FORM 10-K/A

Amendment
No. 1



(Mark One)

| | x | ANNUAL REPORT PURSUANT TO SECTION 13
    OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ----------------------------------------------------------------------------------------



For the fiscal year ended
December 31, 2013



OR



| |  ̈ | TRANSITION REPORT PURSUANT TO SECTION
    13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | --------------------------------------------------------------------------------------------



For the transaction period
from __________________ to __________________



Commission
File Number: 0-25248



CONSOLIDATED
WATER CO. LTD.

(Exact name
of Registrant as specified in its charter)



|CAYMAN
    ISLANDS                           |  | 98-0619652                          
|-------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of              |  | (I.R.S. Employer Identification No.)
|incorporation or organization)               |  |                                     
|                                             |  |                                     
|Regatta Office Park                          |  |                                     
|Windward Three, 4th Floor, West Bay
    Road |  |                                     
|P.O. Box 1114                                |  |                                     
|Grand
    Cayman, KY1-1102, Cayman Islands   |  | N/A                                 
|(Address of principal
    executive offices) |  | (Zip Code)                          



Registrant’s
Telephone number, including area code: (345) 945-4277



Securities
registered pursuant to Section 12(b) of the Act:



|Title of each class:          |  | Name of each exchange on which registered:                
|----------------------------- |  | ----------------------------------------------------------
|Common Stock, $0.60 Par Value |  | The NASDAQ Stock Market LLC (NASDAQ Global  Select Market)



Securities
registered pursuant to Section 12(g) of the Act: None



Indicate by check mark if the
registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ̈Nox



Indicate by check mark if the
registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ̈Nox



Indicate by check mark whether
the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.

YesxNo ̈



Indicate by check mark whether
the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (Sec. 232.405 of this chapter) during the preceding 12 months
(or for such shorter period that the registrant was required to submit and post such files).

YesxNo ̈



Indicate by check mark if disclosure
of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this 10-K
or any amendments to this Form 10-K. [Not Applicable]



Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company”
in Rule 12b-2 of the Exchange Act. (Check one):



|Large
    accelerated filer ̈ | Accelerated
    filerx | Non-accelerated
    filer ̈ | Smaller
    reporting company ̈
|---------------------------- | ---------------------- | -------------------------- | ------------------------------



Indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ̈Nox



The aggregate market value of
common stock held by non-affiliates of the registrant, based on the closing sales price for the registrant’s common shares,
as reported on the NASDAQ Global Select Market on June 30, 2013, was $163,170,634.



As of March 10, 2014, 14,686,197
shares of the registrant’s common shares were outstanding.



DOCUMENTS
INCORPORATED BY REFERENCE:

Portions of the registrant’s
Proxy Statement related to its Annual Shareholders’ Meeting will be subsequently filed with the Securities and Exchange
Commission as to Part III of this Form 10-K.













Explanatory Note



Consolidated Water Co. Ltd. (the “Company”) is filing
this Amendment No. 1 on Form 10-K/A (this “Amendment”) to the Company’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2013 (the “Original Filing”) filed with the U.S. Securities and Exchange Commission on March
17, 2014, solely to amend Item 15 and Exhibit 10.32.4. In addition, as required by Rule 12b-15 under the Securities Exchange Act
of 1934, as amended, new certifications by the Company’s principal executive officer and principal financial officer are
filed herewith as exhibits to this Amendment.



Except as described above, this Amendment makes no other changes
to the Original Filing and does not modify or update in any way disclosures made therein to reflect events occurring after the
filing date of the Original Filing.



2







PART IV



| | ITEM 15. | EXHIBITS, FINANCIAL STATEMENTS SCHEDULES
| | -------- | ----------------------------------------



1. Financial Statements



The Consolidated Water Co. Ltd.
Financial statements found in ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA are incorporated herein by reference.



Pursuant to Rule 3-09 of Regulation
S-X, when either the first or third condition set forth in Rule 1-02(w), substituting 20 percent for 10 percent, is met by a 50
percent-or-less-owned person accounted for by the equity method separate financial statements shall be filed. The Ocean Conversion
(BVI) Ltd. financial statements found in ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA are incorporated herein by reference.



2. Financial Statement Schedules



None



3. Exhibits



The Exhibits listed in the Exhibit
Index immediately preceding the Signatures are filed as part of this Annual Report on Form 10-K.



3









CONSOLIDATED
WATER CO. LTD.



INDEX
TO EXHIBITS FILED WITH 10-K



|Number     |  | Exhibit Description                                                                                                                                                                                                                                                                                                           
|---------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|           |  |                                                                                                                                                                                                                                                                                                                               
|3.1        |  | Amended and Restated Memorandum of Association of Consolidated
    Water Co. Ltd. dated May 14, 2008 (incorporated by reference to Exhibit 3.1 filed as part of our Form 8-K filed June 6, 2008,
    Commission File No. 0-25248)                                                                                             
|           |  |                                                                                                                                                                                                                                                                                                                               
|3.2        |  | Amended and Restated Articles of Association of Consolidated Water
    Co. Ltd. dated May 10, 2006 (incorporated by reference to Exhibit 4.2 filed as part of our Form F-3 filed October 12, 2006,
    Commission File No. 333-137970)                                                                                        
|           |  |                                                                                                                                                                                                                                                                                                                               
|3.3        |  | Amendment to Articles of Association of Consolidated Water Co.
    Ltd. dated May 11, 2007 (incorporated by reference to Exhibit 3.1 filed as part of our Form 8-K filed May 14, 2007, Commission
    File No. 0-25248)                                                                                                       
|           |  |                                                                                                                                                                                                                                                                                                                               
|3.4        |  | Amendment to Articles of Association of Consolidated Water Co.
    Ltd. dated May 26, 2009 (incorporated by reference to Exhibit 3.1 filed as part of our Form 8-K filed May 27, 2009, Commission
    File No. 0-25248)                                                                                                       
|           |  |                                                                                                                                                                                                                                                                                                                               
|4.1        |  | Option Deed, dated August 6, 1997, between Cayman Water Company
    Limited and American Stock Transfer & Trust Company (incorporated herein by reference to the exhibit filed on our Form
    6-K, dated August 7, 1997, Commission File No. 0-25248)                                                                        
|           |  |                                                                                                                                                                                                                                                                                                                               
|4.2        |  | Deed of Amendment of Option Deed dated August 8, 2005 (incorporated
    herein by reference to Exhibit 4.2 filed as a part of our Form 8-K dated August 11, 2005, Commission File No. 0-25248)                                                                                                                                
|           |  |                                                                                                                                                                                                                                                                                                                               
|4.3        |  | Second Deed of Amendment of Option Deed, dated September 27, 2005
    (incorporated herein by reference to the exhibit filed as a part of our Form 8-K dated October 3, 2005, Commission File No.
    0-25248)                                                                                                                
|           |  |                                                                                                                                                                                                                                                                                                                               
|4.4        |  | Third Deed of Amendment to Option Deed, dated May 30, 2007 (incorporated
    herein by reference to Exhibit 4.3 filed as part of our Form 8-K filed June 1, 2007, Commission File No. 0-25248)                                                                                                                                
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.1     |  | License Agreement dated July 11, 1990 between Cayman Water Company
    Limited and the Government of the Cayman Islands (incorporated herein by reference to the exhibit filed as a part of our Form
    20-F dated December 7, 1994, Commission File No. 0-25248)                                                            
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.2     |  | First Amendment to License Agreement dated September 18, 1990 between
    Cayman Water Company Limited and the Government of the Cayman Islands. (incorporated herein by reference to the exhibit filed
    as a part of our Form 20-F dated December 7, 1994, Commission File No. 0-25248)                                   
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.3     |  | Second Amendment to License Agreement dated February 14, 1991 between
    Cayman Water Company Limited and the Government of the Cayman Islands. (incorporated herein by reference to the exhibit filed
    as a part of our Form 20-F dated December 7, 1994, Commission File No. 0-25248)                                   
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.4     |  | Third Amendment to a License to Produce Potable Water dated August
    15, 2001 between Consolidated Water Co. Ltd. by the Government of the Cayman Islands (incorporated herein by reference to
    Exhibit 10.4 filed as a part of our Form 10-K for the fiscal year ended December 31, 2001, Commission File No. 0-25248)  
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.5     |  | Fourth Amendment to a License to Produce Potable Water dated February
    1, 2003 between Consolidated Water Co. Ltd. by the Government of the Cayman Islands (incorporated herein by reference to Exhibit
    10.5 filed as a part of our Form 10-K for the fiscal year ended December 31, 2002, Commission File No. 0-25248)
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.6     |  | Amendment to License Agreement dated July 20, 2010 between the
    Government of the Cayman Islands and Cayman Water Company Limited (incorporated herein by reference to Exhibit 10 filed as
    a part of our Form 8-K filed July 23, 2010, Commission File No. 0-25248)                                                    
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.7     |  | Amendment to a License to Produce Potable Water dated July
    11, 2012 between Cayman Water Company Limited and the Government of the Cayman Islands (incorporated herein by reference to
    Exhibit 10.1 filed as a part of our Form 10-Q for the second quarter ended June 30, 2012, Commission File No. 0-25248)         
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.8     |  | Amendment to License Agreement dated December 31, 2012 between
    the Government of the Cayman Islands and Cayman Water Company Limited (incorporated herein by reference to Exhibit 10.1 filed
    as a part of our Form 8-K filed March 4, 2013, Commission File No. 0-25248)                                              
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.9 **  |  | Amendment to License Agreement dated April 24, 2013 between the
    Government of the Cayman Islands and Cayman Water Company Limited.                                                                                                                                                                                        
|           |  |                                                                                                                                                                                                                                                                                                                               
|10.1.10 ** |  | Amendment to License Agreement dated November 6, 2013 between the
    Government of the Cayman Islands and Cayman Water Company Limited.                                                                                                                                                                                      



4







|10.2    |  | Water Supply Agreement dated December 18, 2000
    between Consolidated Water Co. Ltd. and South Bimini International Ltd. (incorporated herein by reference to Exhibit 10.2
    filed as a part of our Form 10-K for the fiscal year ended December 31, 2000, Commission File No. 0-25248)                                                                  
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.3.1* |  | Employment contract dated December 5, 2003 between Frederick McTaggart
    and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.18 filed as a part of our Form 10-K for the
    fiscal year ended December 31, 2003, Commission File No. 0-25248)                                                                                 
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.3.2* |  | Amendment of Engagement Agreement dated September 14, 2007 between
    Frederick W. McTaggart and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.2 to our Form 8-K filed
    September 19, 2007, Commission File No. 0-25248)                                                                                                   
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.3.3* |  | Third Amendment of Engagement Agreement dated September 9, 2009
    between Frederick W. McTaggart and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.1 to our Form
    8-K filed September 9, 2009, Commission File No. 0-25248)                                                                                               
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.4.1* |  | Engagement Agreement dated May 22, 2006 between David Sasnett and
    Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.1 filed as part of our Form 8-K filed May 26,
    2006, Commission File No. 0-25248)                                                                                                                       
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.4.2* |  | Amended and restated Engagement Agreement dated March 29, 2007
    between David Sasnett and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.1 filed as part of our
    Form 8-K filed April 14, 2007, Commission File No. 0-25248)                                                                                              
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.4.3* |  | Engagement Agreement dated January 15, 2008 between David Sasnett
    and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.1 filed as part of our Form 8-K filed January
    22, 2008, Commission File No. 0-25248)                                                                                                               
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.5*   |  | Employment contract dated January 11, 2008 between Gregory McTaggart
    and Consolidated Water Co. Ltd.                                                                                                                                                                                                                                                     
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.6*   |  | Employment contract dated January 14, 2008 between Ramjeet Jerrybandan
    and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.11 filed as part of our Form 10-K for the
    fiscal year ended December 31, 2008, Commission File No. 0-25248)                                                                                   
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.7*   |  | Employment contract dated January 16, 2008 between Gerard Pereira
    and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.12 filed as a part of our Form 10-K for the
    fiscal year ended December 31, 2008, Commission File No. 0-25248)                                                                                      
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.8*   |  | Engagement Agreement dated July 12, 2011 between John Tonner and
    Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.1 filed as a part of our Form 8-K filed August
    5, 2011, Commission File No. 0-25248).                                                                                                                   
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.9    |  | Specimen Service Agreement between Cayman Water Company Limited
    and consumers (incorporated herein by reference to the exhibit filed as part of our Registration Statement on Form F-1 dated
    March 26, 1996)                                                                                                                                         
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.10*  |  | Summary Share Grant Plan for Directors (incorporated herein by
    reference to Exhibit 10.24 filed as part of our Registration Statement on Form F-2 dated May 17, 2000, Commission File No.
    333-35356)                                                                                                                                                 
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.11*  |  | Employee Share Option Plan (incorporated herein by reference to
    Exhibit 10.26 filed as a part of our Form 10-K for the fiscal year ended December 31, 2001, Commission File No. 0-25248)                                                                                                                                                                 
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.12*  |  | 2008 Equity Incentive Plan (incorporated by reference to Exhibit
    10.1 filled as part of our Form 10-Q for the fiscal quarter ended September 30, 2008, Commission File No. 0-25248)                                                                                                                                                                      
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.13   |  | Purchase and Sale Agreement, dated December 10, 2001, among Consolidated
    Water Co. Ltd., Cayman Hotel and Golf Inc., Ellesmere Britannia Limited and Hyatt Britannia Corporation Ltd. (incorporated
    herein by reference to Exhibit 10.30 filed as part of our Form 10-K for the fiscal year ended December 31, 2001, Commission
    File No. 0-25248)
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.14   |  | Agreement dated February 1, 2002 between Consolidated Water Co.
    Ltd. and Cayman Hotel and Golf Inc. (incorporated herein by reference to Exhibit 10.52 filed as a part of our Form 10-K for
    the fiscal year ended December 31, 2001, Commission File No. 0-25248)                                                                                    
|        |  |                                                                                                                                                                                                                                                                                                                                                              
|10.15   |  | Lease dated December 10, 2001 between Cayman Hotel and Golf Inc.
    and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 10.52 filed as a part of our Form 10-K for the
    fiscal year ended December 31, 2001, Commission File No. 0-25248)                                                                                       



5







|10.16.1 |  | Lease dated April 27, 1993 signed July 18, 2001
    between Government of Belize and Belize Water Limited (incorporated herein by reference to Exhibit 10.53 filed as a part of
    our Form 10-K for the fiscal year ended December 31, 2001, Commission File No. 0-25248)                                 
|------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |  |                                                                                                                                                                                                                                                                                                             
|10.16.2 |  | Amended lease dated April 27, 1993 signed January 2, 2004 between
    Government of Belize and Belize Water Limited (incorporated herein by reference to Exhibit 10.36 filed as a part of our Form
    10-K for the fiscal year ended December 31, 2003, Commission File No. 0-25248)                       
|        |  |                                                                                                                                                                                                                                                                                                             
|10.17   |  | Loan Agreement dated February 7, 2003 between Consolidated Water
    Co. Ltd. and Scotiabank (Cayman Islands) Ltd. (incorporated herein by reference to Exhibit 10.1 filed as a part of our Form
    8-K dated February 13, 2003, Commission File No. 0-25248)                                              
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.1 |  | Loan Agreement dated May 25, 2005 between Ocean Conversion (BVI),
    Ltd. and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit 99.1 filed as a part of our Form 8-K dated
    June 1, 2005, Commission File No. 0-25248)                                                           
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.2 |  | Debenture Agreement dated August 24, 2007 between Ocean Conversion
    (BVI), Ltd. and Consolidated Water Co. Ltd.                                                                                                                                                                                          
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.3 |  | Amending Debenture Agreement dated March 14, 2008 between Ocean
    Conversion (BVI), Ltd. and Consolidated Water Co. Ltd.                                                                                                                                                                                  
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.4 |  | Second Amending Debenture Agreement dated February 18, 2009 between
    Ocean Conversion (BVI), Ltd. and Consolidated Water Co. Ltd.                                                                                                                                                                        
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.5 |  | Amending Loan Agreement dated August 20, 2009 between Ocean Conversion
    (BVI), Ltd. and Consolidated Water Co.                                                                                                                                                                                           
|        |  |                                                                                                                                                                                                                                                                                                             
|10.18.6 |  | Amending Loan Agreement dated February 10, 2010 between Ocean Conversion
    (BVI), Ltd. and Consolidated Water Co.                                                                                                                                                                                         
|        |  |                                                                                                                                                                                                                                                                                                             
|10.19   |  | Trust Deed dated August 4, 2006 between Consolidated Water Co.
    Ltd. and Dextra Bank & Trust Co. Ltd. (incorporated herein by reference to Exhibit 10.1 filed as a part of our Form 8-K
    filed August 9, 2006, File No. 0-25248)                                                                      
|        |  |                                                                                                                                                                                                                                                                                                             
|10.20   |  | Subscription Agreement dated August 4, 2006 between Consolidated
    Water Co. Ltd. and Scotiatrust and Merchant Bank Trinidad & Tobago Limited (incorporated herein by reference to Exhibit
    10.2 filed as a part of our Form 8-K filed August 9, 2006, File No. 0-25248)                               
|        |  |                                                                                                                                                                                                                                                                                                             
|10.21   |  | Deed of Second Debenture dated August 4, 2006 between Consolidated
    Water Co. Ltd. and Dextra Bank & Trust Co. Ltd. (incorporated herein by reference to Exhibit 10.5 filed as a part of our
    Form 8-K filed August 9, 2006, File No. 0-25248)                                                        
|        |  |                                                                                                                                                                                                                                                                                                             
|10.22   |  | Deed of Second Collateral Debenture dated August 4, 2006 between
    Cayman Water Company Limited and Dextra Bank & Trust Co. Ltd. (incorporated herein by reference to Exhibit 10.6 filed
    as a part of our Form 8-K filed August 9, 2006, File No. 0-25248)                                            
|        |  |                                                                                                                                                                                                                                                                                                             
|10.23   |  | Equitable Charge of Shares dated August 4, 2006 between Consolidated
    Water Co. Ltd. and Dextra Bank & Trust Co. Ltd. (incorporated herein by reference to Exhibit 10.7 filed as a part of our
    Form 8-K filed August 9, 2006, File No. 0-25248)                                                      
|        |  |                                                                                                                                                                                                                                                                                                             
|10.24   |  | Intercreditor Deed dated August 4, 2006 among Scotiabank &
    Trust (Cayman) Ltd., Dextra Bank & Trust Co. Ltd., Consolidated Water Co. Ltd. and Cayman Water Company Limited (incorporated
    herein by reference to Exhibit 10.8 filed as a part of our Form 8-K filed August 9, 2006, File No. 0-25248)
|        |  |                                                                                                                                                                                                                                                                                                             
|10.25   |  | Cayman Islands Collateral Charge, West Bay Beach South Property,
    Block 12D, Parcel 79REM1/2 (incorporated herein by reference to Exhibit 10.9 filed as a part of our Form 8-K filed August
    9, 2006, File No. 0-25248)                                                                               



6







|10.26      |  | Cayman Islands Collateral Charge, West Bay Beach
    North, Block 11D, Parcel 40 (incorporated herein by reference to Exhibit 10.10 filed as a part of our Form 8-K filed August
    9, 2006, File No. 0-25248)                                                                                             
|---------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|           |  |                                                                                                                                                                                                                                                                                                             
|10.27      |  | Cayman Islands Collateral Charge, West Bay Beach North, Block 11D,
    Parcel 8 (incorporated herein by reference to Exhibit 10.11 filed as a part of our Form 8-K filed August 9, 2006, File No.
    0-25248)                                                                                              
|           |  |                                                                                                                                                                                                                                                                                                             
|10.28      |  | Cayman Islands Collateral Charge, West Bay North East, Block 9A,
    Parcel 8 (incorporated herein by reference to Exhibit 10.12 filed as a part of our Form 8-K filed August 9, 2006, File No.
    0-25248)                                                                                                
|           |  |                                                                                                                                                                                                                                                                                                             
|10.29      |  | Cayman Islands Collateral Charge, West Bay North East, Block 9A,
    Parcel 469 (incorporated herein by reference to Exhibit 10.13 filed as a part of our Form 8-K filed August 9, 2006, File No.
    0-25248)                                                                                              
|           |  |                                                                                                                                                                                                                                                                                                             
|10.30      |  | Loan Agreement dated as of October 4, 2006, by and between Royal
    Bank of Canada and Consolidated Water (Bahamas) Ltd. (incorporated herein by reference to Exhibit 10.1 filed as a part of
    our Form 8-K filed October 6, 2006, File No. 0-25248)                                                    
|           |  |                                                                                                                                                                                                                                                                                                             
|10.31.1†   |  | Form of Agreement for Desalinated Water Supply dated May 2005 among
    Water and Sewerage Corporation, Consolidated Water Co. Ltd. and Consolidated Water (Bahamas) Limited (incorporated herein
    by reference to Exhibit 10.1 filed as a part of our Form 8-K filed February 4, 2011, File No. 0-25248)
|           |  |                                                                                                                                                                                                                                                                                                             
|10.31.2†   |  | Letter of Acceptance dated January 25, 2011 (effective January
    31, 2011) between Water and Sewerage Corporation and Consolidated Water Co. Ltd. (incorporated herein by reference to Exhibit
    10.2 filed as a part of our Form 8-K filed February 4, 2011, File No. 0-25248)                         
|           |  |                                                                                                                                                                                                                                                                                                             
|10.31.3†   |  | Proposal letter dated December 8, 2010 addressed to the Water and
    Sewerage Corporation (incorporated herein by reference to Exhibit 10.3 filed as a part of our Form 8-K filed February
    4, 2011, File No. 0-25248)                                                                                  
|           |  |                                                                                                                                                                                                                                                                                                             
|10.32.1**  |  | N.S.C. Agua S.A. de C.V. agreement for the purchase of 12 hectares
    of land dated May 16, 2013.                                                                                                                                                                                                          
|           |  |                                                                                                                                                                                                                                                                                                             
|10.32.2**  |  | Appendix to N.S.C. Agua S.A. de C.V. agreement for the purchase
    of 12 hectares of land dated May 16, 2013.                                                                                                                                                                                              
|           |  |                                                                                                                                                                                                                                                                                                             
|10.32.3**  |  | Exhibit Index to N.S.C. Agua S.A. de C.V. agreement for the purchase
    of 12 hectares of land dated May 16, 2013.                                                                                                                                                                                         
|           |  |                                                                                                                                                                                                                                                                                                             
|10.32.4*** |  | Exhibits to N.S.C. Agua S.A. de C.V. agreement for the purchase
    of 12 hectares of land dated May 16, 2013.                                                                                                                                                                                              
|           |  |                                                                                                                                                                                                                                                                                                             
|21.1**     |  | Subsidiaries of the Registrant                                                                                                                                                                                                                                                                              
|           |  |                                                                                                                                                                                                                                                                                                             
|23.1**     |  | Consent of Marcum LLP — Consolidated Water Co. Ltd.                                                                                                                                                                                                                                                         
|           |  |                                                                                                                                                                                                                                                                                                             
|23.2**     |  | Consent of Marcum LLP — Ocean Conversion (BVI) Ltd.                                                                                                                                                                                                                                                         
|           |  |                                                                                                                                                                                                                                                                                                             
|31.1***    |  | Certification by the Chief Executive Officer pursuant to Section
    302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                  
|           |  |                                                                                                                                                                                                                                                                                                             
|31.2***    |  | Certification by the Chief Financial Officer pursuant to Section
    302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                  
|           |  |                                                                                                                                                                                                                                                                                                             
|32.1***    |  | Certification by the Chief Executive Officer pursuant to 18 U.S.C.
    Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                          
|           |  |                                                                                                                                                                                                                                                                                                             
|32.2***    |  | Certification by the Chief Financial Officer pursuant to 18 U.S.C.
    Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                          
|           |  |                                                                                                                                                                                                                                                                                                             
|101.INS    |  | XBRL Instance Document                                                                                                                                                                                                                                                                                      
|           |  |                                                                                                                                                                                                                                                                                                             
|101.SCH    |  | XBRL Taxonomy Schema                                                                                                                                                                                                                                                                                        
|           |  |                                                                                                                                                                                                                                                                                                             
|101.CAL    |  | XBRL Taxonomy Calculation Linkbase                                                                                                                                                                                                                                                                          
|           |  |                                                                                                                                                                                                                                                                                                             
|101.DEF    |  | XBRL Taxonomy Definition Linkbase                                                                                                                                                                                                                                                                           
|           |  |                                                                                                                                                                                                                                                                                                             
|101.LAB    |  | XBRL Taxonomy Label Linkbase                                                                                                                                                                                                                                                                                
|           |  |                                                                                                                                                                                                                                                                                                             
|101.PRE    |  | XBRL Taxonomy Presentation Linkbase                                                                                                                                                                                                                                                                         



---

| | * | Indicates
a management contract or compensatory plan.
| | - | -----------------------------------------------------



| | ** | Previously
filed with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the U.S. Securities
and Exchange Commission on March 17, 2014.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | *** | Filed
herewith.
| | --- | ---------------



| | † | Portions
of these Exhibits have been omitted pursuant to a request for confidential treatment.
| | - | ----------------------------------------------------------------------------------------------



7









SIGNATURES



Pursuant to the requirements
of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.



| | CONSOLIDATED WATER CO. LTD.
| | ---------------------------
| |                            
| | By:                        
| |                            
| |                            



Dated: August 19, 2014



Pursuant to the requirements
of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.





|Signature |                              | Title |                                                              | Date
|--------- | ---------------------------- | ----- | ------------------------------------------------------------ | ----
|          |                              |       |                                                              |     
|By:       | /s/ Wilmer F. Pergande       |       | Chairman of the Board of Directors                           |     
|          | Wilmer F. Pergande           |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Frederick W. McTaggart   |       | Director, Chief Executive Officer and President              |     
|          | Frederick W. McTaggart       |       | (Principal Executive Officer)                                |     
|          |                              |       |                                                              |     
|By:       | /s/ David W. Sasnett         |       | Director, Executive Vice President & Chief Financial Officer |     
|          | David W. Sasnett             |       | (Principal Financial and Accounting Officer)                 |     
|          |                              |       |                                                              |     
|By:       | /s/ Brian E. Butler          |       | Director                                                     |     
|          | Brian E. Butler              |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Carson K. Ebanks         |       | Director                                                     |     
|          | Carson K. Ebanks             |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Richard L. Finlay        |       | Director                                                     |     
|          | Richard L. Finlay            |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Clarence B. Flowers, Jr. |       | Director                                                     |     
|          | Clarence B. Flowers, Jr.     |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Leonard J. Sokolow       |       | Director                                                     |     
|          | Leonard J. Sokolow           |       |                                                              |     
|          |                              |       |                                                              |     
|By:       | /s/ Raymond Whittaker        |       | Director                                                     |     
|          | Raymond Whittaker            |       |                                                              |     



8