Under the American Recovery and Reinvestment Act of 2009 (Recovery Act), Western is authorized to borrow up to $3.25bn from the US Treasury for the constructing, financing, facilitating, planning, operating, maintaining, or studying construction of new or upgraded electric power transmission lines and related facilities.
The Western’s review of EnviroMission’s South of Parker Transmission Upgrade Project proposal identified that the project would service EnviroMission’s proposed La Paz Solar Tower development.
The proposed project will also provide regional transmission benefits to other projects and initially meets the statutory prerequisites set out within the Recovery Act.
Under the MOU, EnviroMission will provide additional project information to Transmission Infrastructure Program of Western for assessment to determine the subsequent agreement prospects for engaging in development work on the transmission line and a loan to support construction of the project.
EnviroMission executive chairman Roger Davey said: "Western solicited proposals involving the development of potential transmission projects and EnviroMission submitted a proposal based on the future transmission needs of a Solar Tower within Western’s territory."
