Alaska Industrial Development and Export Authority

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The Alaska Industrial Development and Export Authority (AIDEA) states on its website that it aims to "promote, develop and advance economic growth and diversification in Alaska by providing various means of financing and investment."[1]

Coal Power Plant Project

(AIDEA), along with Homer Electric Association (HEA), have agreed to restart the AIDEA-owned Healy Clean Coal Plant (HCCP).[2] On January 14, 2009, the Healy Clean Coal Plant entered initial stages of reopening. AIDEA, GVEA, and Homer Electric Association (HEA) approved terms for a three-way deal for the sale of the power plant, according to which GVEA will purchase the plant for $50 million, AIDEA will finance the sale, and HEA will purchase half of the energy produced by the plant starting in 2014. The sale is expected to be completed by August 1, 2009. Upon completion of the sale, litigation between GVEA and AIDEA will also end. GVEA projects the plant will start up in 2010-11.[3] However, in May 2009, the Homer Electric Association voted to end its involvement with plans to restart the Healy plant. HEA announced that it is looking at wind energy, hydropower and natural gas options to satisfy its energy needs. [4]

Contact details

Website: http://www.aidea.org/

Resources

References

  1. "Welcome to AIDEA", Alaska Industrial Development and Export Authority website, accessed July 2009.
  2. Homer Electric's description of the Healy Plant, accessed January 2008.
  3. "Healy Clean Coal Plant", GVEA website, accessed May 2009.
  4. "Homer Electric backs out of Healy coal plant deal", May 22, 2009.

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