The cost of the new generating facility, including interest during construction
, financing and legal expenses, and improvements to existing generating units at the site, is estimated at $925 million.
The transaction has prefunded interest during construction
, and provided for an irrevocable letter of credit equivalent to two years of debt service following delivery.
The total investment cost including the EPC contract, the development costs, fees, interest during construction
The transaction will prefund interest during construction
and provide for an irrevocable LOC equivalent to two years of debt service.
This includes all the engineering and construction costs, the start-up costs, the technology and market risk coverage facility, interest during construction
, debt service reserve and all applicable legal costs and fees associated with the project financing.
The financing will cover the design and construction, right-of-way acquisition, interest during construction
and the refinancing of the existing Segment I.