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Find similar grantsPower Project Fund (PPF) program is sponsored by Alaska Energy Authority (AEA). The Power Project Fund (PPF) program provides loans to local utilities, local governments, or independent power producers for the development, expansion or upgrade of electric power facilities, including distribution, transmission, efficiency and conservation, bulk fuel storage …
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Alaska Energy Authority > What We Do > Grants & Loans > Power Project Fund The Power Project Fund (PPF) program provides loans to local utilities, local governments, or independent power producers for the development, expansion or upgrade of electric power facilities, including distribution, transmission, efficiency and conservation, bulk fuel storage and waste energy.
The loan term is related to the productive life of the project but cannot exceed 50 years. Interest rates vary between tax-exempt rates at the high end and zero on the low end. The tax-exempt rate is equal to the average weekly yield of municipal bonds for the 12 months preceding the date of the loan application.
The interest rate can be adjusted downward in certain circumstances to improve financial feasibility. Loan requests of more than $5 million require legislative authorization to apply. Submit an application using the loan application form provided in the Program Documentation Section below.
In order for AEA to begin processing an application, an application fee must be submitted along with the completed application form, as outlined in the fee section below.
Up to and including $100,000 >$100,000 up to and including $500,000 >$500,000 up to and including $1 million Power Project Fund Application Form & Cover Sheet Amortization Schedule Template (informational purposes only) Credit Reference Authorization Current Borrower Loan Payment Information
According to the current listing, eligibility includes: Local utilities, local governments, or independent power producers. Confirm the full requirements in the official notice before applying.
Power Project Fund (PPF) program is funded by Alaska Energy Authority (AEA). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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