Tok Junction Project Independent Review

A member of ERG was responsible for the performance of independent due diligence on behalf of the Fuji Bank concerning the Tok Junction project. The project consisted of a proposed privately owned and operated 200 MW coal-fired steam turbine generation complex with both combustion turbine and diesel based generation backup capacity. The project was proposed to be constructed under contract to the U.S. Department of Defense to provide an extreme high reliability power source for a planned U.S. Air Force Over The Horizon Backscatter radar installation (OTHBR) to be located near Tok Junction, Alaska. The project was reviewed as regarding its design basis, adequacy of proposed fuel supply arrangements and projected operating reliability factors. An independent review of project’s capital cost and planned staffing arrangements was also accomplished on behalf of Fuji Bank, the project lender, for financing purposes.

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