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CT2017-2875 Approval Letter
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CT2017-2875 Approval Letter
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Last modified
6/20/2017 12:08:28 PM
Creation date
11/18/2016 11:23:55 AM
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Loan Projects
Contract/PO #
CT2017-2875
Contractor Name
Grand Valley Water Users Association
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
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UNR COLORADO Grand Valley Power Plant Rehabilitation <br /> CO y Colorado Water <br /> Conservation Board Grand Valley Water Users Association <br /> November 2016 Board Meeting <br /> LOAN DETAILS ,' — i -- <br /> Project Cost: $5,200,000 <br /> 4.- <br /> CWCB Loan (with Service Fee): $1,717,000 sviip <br /> Loan Term and Interest Rate: 30 Years ® 2.0% <br /> Funding Source: Construction Fund ; 5 <br /> BORROWER TYPE <br /> 41,41b11111 <br /> Hydropower <br /> PROJECT DETAILS <br /> Project Type: Hydroelectric 414116. <br /> Average Annual Power Production: 17M kWh 7 SS r <br /> The Grand Valley Water Users Association (Association) and ( f.1 ` _ <br /> Orchard Mesa Irrigation District (District) are each seeking a LOCATION <br /> loan to cover its cost share for the Grand Valley Power Plant County: Mesa <br /> (GVPP) Rehabilitation Project. The GVPP is owned by the <br /> Bureau of Reclamation and originally operated by Public Service Water Source: Colorado River <br /> Company of Colorado (Xcel Engergy) in conjunction with the Drainage Basin: Colorado <br /> Cameo coal fired power plant. The Association and District took Division: 5 District: 72 <br /> operational control of the plant when Xcel decided to cease its <br /> operations. The Association and District equally split costs and <br /> revenues from the GVPP under a Lease of Power Privilage with Reclamation and a Power Purchase Agreement with <br /> Xcel. In addition to being a revenue source, the GVPP serves an importnant role in providing water to the "15-Mile <br /> Reach"which has been designated by the Upper Colorado River Endangered Fish Recovery Program as critical <br /> habitat. The non-consumptive hydropower water right ensures continued flows for this important stretch of river. <br /> The goal of the Project is to bring the GVPP up to a sustainable operating condition and meet current electric and <br /> safety standards. The GVPP was built in the early 1930s and has seen no major upgrades or modernization to date. <br /> Under current operations, the "water-to-wire"efficiency is approximately 54%with a maximum generation output <br /> of 2.5 MW. Calculations show as much as 4.1MW production should be feasible based on flow rate and available <br /> head. <br /> r1P.PI( <br /> 114 ., <br /> .` - s` r , <br /> moi. . <br /> _ <br /> • • • 7+ • •• <br /> `' ••,:' • • • ar imi • a• <br /> r <br /> Grand Valley: —` ' <br /> Power Plant s p <br /> Colorado River <br /> �s - C-.., Project Site <br /> Grand lir,,tio, <br /> Gunnison River. 15-Mile Reach <br /> Water Project Loan Program - Project Data Sheet <br />
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