AIDEA.
| Author | Slaten, Russ |
| Position | INSIDE ALASKA BUSINESS |
The Alaska Industrial Development and Export Authority (AIDEA) Board in April approved two Sustainable Energy Transmission and Supply Development Fund loans to advance natural gas distribution systems in Fairbanks and North Pole as part of the Interior Energy Project, which is to liquefy natural gas on the North Slope for trucking to the Interior and to help develop natural gas distribution systems in Fairbanks and North Pole.
The first loan, to Fairbanks Natural Gas, LLC is for $15 million to fund the 2014 initial development and build-out of an expanded gas distribution system within its certificated service area. The project includes constructing thirty-two miles of new distribution system, which...
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