Barchan - Project : Hudson Ranch Geothermal Plant

Project Details

Visualization

Results Map

Results Chart for Delivery Method and Financing

Flash 8 or above is required for this chart.

Background Information

Project Name Hudson Ranch Geothermal Plant

Sector Energy Generation, Energy Distribution

Description 49 Megawatt geothermal plant near Salton Sea (Niland, CA), authorized by the Imperial Irrigation District. Electricity will be sold to Phoenix area, supplying 35,000 individuals with power. Utility supplier Salt River will purchase and transmit the electricity.

Status Design/Construction

Type New Facility

Is the project still active? Yes

Locations

City Niland

State California

Country United States of America

Comments $399 million project was stalled until it received $100 million in "stimulus" funding under ARRA statute in the USA. The project uses flash steam technology to convert heat into energy. The project will purchase 800 acre feet of water annually.

How is the Project Delivery Method for this Project described in the Country where it is Located? Public Private Partnership

Sources of Project Support [Non-Monetary]

Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s) Power purchsae commitment from Salt River utility. Access to water from the Salton Sea committed by contract with Impreial Irrigation District.

Environmental Clearance (none)

Sources of Project Support [Monetary]

From Public (Government) Sources to Producers (none)

Direct Cash Support (none)

From Other Public Entities - Direct Grant of Appropriated Public Funds $100 million in stimulus funds.

From Private Capital Markets Directly to Producers as Debt Balance of $399 million in initial costs from eight difference commercial banks to developer Energy Source, with undisclosed amount of equity from Energy Source.

From Producers as Equity Balance of $399 million in initial costs from eight difference commercial banks to developer Energy Source, with undisclosed amount of equity from Energy Source.

Project Delivery & Finance Method

Project Delivery Public Sponsor contracts for initial design, construction, and for long term operations and maintenance with a single entity. At the end of the term, Public Sponsor regains control of the facility.

Is there an Independent Checking Engineer? No

Project Finance Method All or Partially By Public Sponsor