October 12, 2006
NORESCO wins $106-million project
By Jeff Lavery
NORESCO, a Westboro-based firm that specializes in energy savings solutions, has secured a $106-million project to build a cogeneration power plant at a US Navy base in Japan.
The project is in support of the Naval Facilities Engineering Command, Far East. It will be operational by the summer of 2008, and will provide 39 megawatts of new capacity, including 14.5 megawatts to support base activities and 24.5 megawatts of power capability will provide additional shore power for Navy ships in port. The new plant is also expected to provide steam generation capacity.
The project will be funded by guaranteed cost savings over a 20-year term, and annual cost savings are expected to be in excess of $14 million.
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