HomeMy WebLinkAboutREF_roundV_budget_final 10 12 2011Renewable Energy Fund Grant Round V Grant Budget Form 7-1-11
Milestone or Task Anticipated
Completion Date
RE- Fund
Grant Funds
Grantee Matching
Funds
Source of Matching
Funds:
Cash/In-kind/Federal
Grants/Other State
Grants/Other
TOTALS
Initial 1 – device TidGen™ Power System
installation and operation complete.
$ 2,000,000
(Round IV funds) $ 2,023,089 $ 4,023,089
Feasibility of TidGen™ buildout complete,
including analysis of initial TidGen™
performance.
$ $ 50,000 Cash $ 50,000
Bids received for three additional TidGen™
device components. Components released for
manufacture. Jan-14 $ 200,000 $ 269,141 Cash $ 469,141
Three Additional TidGen™ device components
procured and prepared for shipment May-14 $ 1,150,000 $ 1,450,000 Cash $ 2,600,000
Three additional TidGen™ device components
arrive at Port of Anchorage. Three additional
bottom support frames complete. Report on
continued operation of initial TidGen™ Power
System with first TidGen™ device complete.
Project development work for permitting
complete. May-14 $ 150,000 $ 252,845 Cash $ 402,845
Deployment of three additional TidGen™
devices complete. Full 600 kW TidGen™
Power System brought online. Jul-14 $ 500,000 $ 423,964 Cash $ 923,964
600kW TidGen Power System operated for one
year. Q uarterly reports produced. Annual
inspection performed. July-15 $ 0 $ 177,455 Cash $ 177,455
Report on operation and performance of
complete 600 kW TidGen™ Power System. October-15 $ 0 $ 50,000 Cash $ 50,000
$ $ $
$
$
TOTALS $ 4,000,000 $ 4,696,494 $ 8,696,494
Renewable Energy Fund Grant Round V Grant Budget Form 7-1-11
Budget Categories:
Direct Labor & Benefits $ 0 $ 371,400 $ 371,400
Travel & Per Diem $ 0 $ 41,300 $ 41,300
Equipment $ 3,350,000 $ 1,698,128 $ 5,048,128
Materials & Supplies $ 0 $ 84,000 $ 84,000
Contractual Services $ 0 $ 1,196,017 $ 1,196,017
Construction Services $ 650,000 $ 1,305,649 $ 1,955,649
Other $ 0 $ $
TOTALS $ 4,000,000 $ 4,696,494 $ 8,696,494
Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)-
Add additional pages as needed
Renewable Energy Fund Grant Round V Grant Budget Form 7-1-11
Project Milestones that should be addressed in Budget Proposal
Reconnaissance Feasibility Design and Permitting Construction
1. Project scoping and
contractor solicitation.
2. Resource identification and
analysis
3. Land use, permitting, and
environmental analysis
4. Preliminary design analysis
and cost
5. Cost of energy and market
analysis
6. Simple economic analysis
7. Final report and
recommendations
1. Project scoping and contractor
solicitation.
2. Detailed energy resource
analysis
3. Identification of land and
regulatory issues,
4. Permitting and environmental
analysis
5. Detailed analysis of existing
and future energy costs and
markets
6. Assessment of alternatives
7. Conceptual design analysis
and cost estimate
8. Detailed economic and
financial analysis
9, Conceptual business and
operations plans
10. Final report and
recommendations
1. Project scoping and contractor
solicitation for planning and
design
2. Permit applications (as
needed)
3. Final environmental
assessment and mitigation
plans (as needed)
4. Resolution of land use, right of
way issues
5. Permit approvals
6. Final system design
7. Engineers cost estimate
8. Updated economic and
financial analysis
9. Negotiated power sales
agreements with approved
rates
10. Final business and operational
plan
1. Confirmation that all design
and feasibility requirements
are complete.
2. Completion of bid documents
3. Contractor/vendor selection
and award
4. Construction Phases –
Each project will have unique
construction phases, limitations,
and schedule constraints which
should be identified by the
grantee
5. Integration and testing
6. Decommissioning old
systems
7. Final Acceptance,
Commissioning and Start-up
8. Operations Reporting