Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: June 22, 2010

Project Name: Hudson Ranch Geothermal Plant
Year in Operation:
Sector: Energy
Subsector: Energy Generation, Energy Distribution
Status: Design / Construction
Type: New Facility
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.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
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.

Project Locations

Address:
City: Niland
State:
Country: United States of America

Address:
City: Niland
State: California
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): Power purchsae commitment from Salt River utility. Access to water from the Salton Sea committed by contract with Impreial Irrigation District.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support

Arrow Right
Checkbox Checked

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

Checkbox Checked

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.

Checkbox Checked

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:
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? No
Project Finance Method: All or Partially 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
0
0
Forms
Description
Other
Privately negotiated as to design, construction, and operation of facility. Agreements with utilities are standard. 

Project Value (If and As Known)

Date of Estimated Project Value: May 17, 2010
Project Value
Hard Cost
Hard & Soft Costs
Total
$200-500 Million US
(none)

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