BC community energy study receives funding
November 24, 2010
By BC Bioenergy Network
NEWS HIGHLIGHT
BC community energy study receives funding
The BC Bioenergy
Network is providing funding to support a feasibility study for a community energy system in Quesnel, British Columbia.
Nov. 24, 2010, Vancouver – The BC Bioenergy
Network (BCBN) is providing funding to support a feasibility study for a community energy system in Quesnel, British Columbia. The investment
provides up to $200,000 or half the costs to the Terasen Gas-led feasibility
study for the energy system in partnership with the City of Quesnel.
The
project involves using an existing hog fuel-fired energy system at a West
Fraser Timber sawmill; a proven low-grade heat recovering system to generate
electricity and heat; sale of electricity to BC Hydro; a hot water distribution
system for heat sales to 14 clients, including the city; and back-up natural gas
boilers.
The feasibility study will focus on establishment of investment-grade
financial forecasts, confirmation of ownership and operating structure, and
creation of legal agreements. Should the project proceed, the grant will be
repaid to BCBN.
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