Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM All Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: December 16, 2009

Project Name: Summit Texas Clean Energy Project (Midland, TX)
Year in Operation:
Sector: Energy
Subsector: Energy Generation
Status: Design / Construction
Type: New Facility
Description: Summit Texas Clean Energy, LLC will integrate Siemens gasification and power generating technology with carbon capture technologies to effectively capture 90% of the carbon dioxide (2.7 million metric tons per year) at a 400 megawatt plant to be built near Midland-Odessa, TX.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments: DBOM of carbon capture technology portion of new gasification and power generating plant to be built near Midland-Odessa, TX.

Project Locations

Address:
City: Midland
State: Texas
Country: United States of America

Souces of Project Support (Non-monetary)

No sources of support selected!

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The captured CO2 will be treated, compressed and then transported by CO2 pipeline to oilfields in the Permian Basin of West Texas, for use in enhanced oil recovery (EOR) operations.

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Checkbox Checked

Direct Cash Support: $350 million dollars in US Department of Energy funding ARRA (American Recovery and Reinvestment Act) "stimulus" funding to install, operate, and maintain experimental CO2 capture technology.

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 independant checking engineer? Yes
Project Finance Method: All By Public 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
8
0
Forms
Description
Other
The Bureau of Economic Geology (BEG) at the University of Texas will design and assure compliance with a state-of-the-art CO2 sequestration monitoring, verification and accounting program. 

Project Value (If and As Known)

Date of Estimated Project Value: December 1, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$200-500 Million US
(none)

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