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Funding Resources
Funding Resources
| AK Power Project Loan Fund | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | AK |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards |
|
| Size of Award | The loan term is related to the life of the project. Interest rates are the lesser of the average weekly yield of municipal bonds for the 12 months preceding the date of loan, or a rate the Division determines will allow the project to be financially feasible. Maximum loan amounts may be determined by available funds in the program. |
| Start Date | 1/1/2004 |
| End Date |
|
| Minimum Efficiency(%) |
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| Additional Information | Created by the Alaska State Legislature and administered by the Alaska Energy Authority, this fund provides loans to local utilities, local governments, regional and village corporations, village councils, nonprofit marketing cooperatives, and independent power producers. It is designed for the development or upgrade of small-scale power production facilities, conservation facilities, and bulk fuel storage facilities. This includes energy production, transmission and distribution, and waste energy conservation facilities that depend on fossil fuel, wind power, tidal, geothermal, biomass, hydroelectric, solar, or other non-nuclear energy sources. There are no specified funding round due dates or a program expiration date. Loans are available year round as long as there are program funds. * The start date of 1/1/2004 is an estimate |
| Web Site | http://www.aidea.org/aea/programsloan.html#PPF  |
| Primary Contact | Bruce Chertkow 813 W. Northern Lights Boulevard Anchorage, AK 99503 U.S.A. Bruce Chertkow (bchertkow@aidea.org) (907) 269-3000 (907) 269-3044 |