Shares of Consolidated Water could fall-Barron's

NEW YORK, Dec 23 (Reuters) - Shares of Consolidated Water (CWCO.O: Quote, Profile, Research, Stock Buzz) could fall by as much as half if the water company cannot resolve a dispute with one of its biggest customers, Barron's reported on Sunday.

The water company, which owns water utilities across the Caribbean, is fighting the government of the British Virgin Islands over payments for water from a desalinization plant, Barron's said. British Virgin Islands is attempting to buy the plant, which removes salts from sea water, but discussions have dragged on over a decade, according to the newspaper.

Consolidated Water is continuing to record the full amount it is billing British Virgin Islands as revenue, and its receivables are rising, Barron's said

David Sasnett, CFO of Consolidated Water, was not immediately available for comment. Barron's said the company did not respond to its questions. (Reporting by Dan Wilchins; Editing by Derek Caney)