Section 3 AAC 107.645 - Feasibility and public benefit review of grant applications(a) For each application not rejected under 3 AAC 107.635, the authority will perform a benefit and feasibility review, in which the authority will review (1) project management, development, and operations, including whether(A) the proposed schedule is clear, realistic, and described in adequate detail;(B) the costs and savings estimates for project development, operation, maintenance, fuel, and other project items are realistic;(C) the project team's method of communicating, monitoring, and reporting development progress is described in adequate detail; and(D) logistical, business, and financial arrangements for operating and selling energy from the completed project are reasonable and described in adequate detail;(2) qualifications and experience, including whether(A) the applicant, partners, and contractors have sufficient knowledge and experience to successfully complete and operate the project;(B) the project team has staffing, time, and other resources to successfully complete and operate the project;(C) the project team is able to understand and address technical, economic, and environmental barriers to successful project completion and operation; and(D) the project uses local labor and trains a local labor workforce;(3) technical feasibility, including whether (A) the renewable energy resource is available on a sustainable basis, and project permits and other authorizations can reasonably be obtained;(B) a site is available and suitable for the proposed energy system;(C) project technical and environmental risks are reasonable;(D) the proposed energy system can reliably produce and deliver energy as planned; and(E) if a demonstration project is being proposed,(i) application in other areas of the state, or another specific benefit of the proposed project, is likely;(ii) the need for the project is shown; and(iii) the risks of the proposed system are reasonable and warrant demonstration; and(4) economic feasibility and benefits, including whether (A) the project is shown to be economically feasible;(B) the project has an adequate financing plan for completion of the grant-funded phase, and has considered options for financing subsequent phases of the project; or(C) other public benefits are demonstrated.(b) The authority will reject applications that it determines under (a) of this section not to be technically and economically feasible, or not to provide sufficient public benefit, and will notify each applicant whose application is rejected of the reasons for rejection.Eff. 10/16/2009, Register 192Authority:AS 42.45.045
AS 44.83.080