Financing the Town Bluff Hydropower Project

by James L. Hair, US Corps of Engineers, US Corps of Engineers,
Edward D. Lindsey, Jr., US Corps of Engineers, US Corps of Engineers,



Document Type: Proceeding Paper

Part of: Waterpower '85

Abstract:

The Town Bluff Dam Hydropower Project is the first new Federal hydropower project to be completely financed by a non-Federal entity where all of the construction funds would be provided prior to the start of construction. The accomplishment of the contractual arrangements for this project also represents a 'first' in the coordination and cooperation between a non-Federal entity and two Federal agencies involving a water resource project. The purpose of this paper is to present the procedures and criteria used for the financing of the Town Bluff Hydropower Project. The paper contains a short history and description of the project, a discussion of roles in the planning process, criteria for sponsor selection, contract negotiation and sponsor candidate proposals, a description of the public participation program and finally a discussion of the contractual arrangements.

Subject Headings: Hydro power | Project management | Financing | Federal government | Water resources | Public opinion and participation | Power plants

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