Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: September 16, 2008

Project Name: NESWC
Year in Operation: 1985
Sector: Energy
Subsector: Energy Generation, Solid Waste
Status: In Operation
Type: New Facility
Description: State organized consortium of 23 towns and cities, in which solid waste was to be combined and incinerated, with energy produced being sold to the electrical grid. Project became a financial disaster for towns, when 30 other towns did not join, state did not close competing landfills, and price obtained for energy generated was one tenth that estimated.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: 465k ton/yr capacity trash to energy plant in NE Massachusetts, built and operated by private owner/operator of incinerator on strength of 20 year commitment from 23 towns to direct solid waste to facility.

Project Locations

Address:
City: North Andover
State: Massachusetts
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Towns committed to direct all solid waste to plant at "tipping fee" established in the DBFOM agreement.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Producers able to borrow on strength of tipping fee commitment by towns and cities in the consortium.

Checkbox Checked

From Producers as Equity: Portion of funds contributed by producers as equity.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? No
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
25
0
Forms
Description
Other
Special agreement negotiated by Commonwealth of Massachusetts on behalf of the 23 cities and towns in the Consortium.  

Project Value (If and As Known)

Date of Estimated Project Value: September 16, 2008
Project Value
Hard Cost
Hard & Soft Costs
Construction
$100-250 Million US
$100-250 Million US

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