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The AgSTAR Program |  |
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| Power Project Loan Fund | |
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| Eligible States | AK |
| Type | Loan |
| Area of Interest | Energy Production |
| Description | Alaska's Power Project Loan Fund is designed for the development or upgrade of small-scale power production facilities, conservation facilities, and bulk fuel storage facilities. This includes energy production, transmission and distribution, and waste energy conservation facilities. The loan term is related to the life of the project. Interest rates are the lesser of the average weekly yield of municipal bonds for the 12 months preceding the date of loan, or a rate the Alaska Energy Authority determines will allow the project to be financially feasible. Maximum loan amounts may be determined by available funds in the program. |
| Eligible Organizations | Local Government, Utility |
| How to Apply | Applications are available at the Web site below. Loans are available year round depending on the availability of program funds. |
| For More Information | http://www.aidea.org/aea/programsloan.html  |
| Primary Contact | Bruce Chertkow Alaska Energy Authority 813 W. Northern Lights Boulevard Anchorage, AK 99503 (907) 269-3000 bchertkow@aidea.org |
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