Investors - AUGUST 2, 2022

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University of Alaska Fairbanks submits RFQ for utility system P3

by Denise Moose

The University of Alaska Fairbanks (UAF) is exploring a public-private partnership (P3) with a private operator for its on-campus utility systems and combined heat and power plant. The partnership would allow the concessionaire to operate, maintain and invest in the utility systems, including its power plant, for a 50-year period.

The P3 aims to provide a new funding source for UAF to invest in its strategic objectives as well as to ensure reliable and safe utility systems and power plant operations. UAF recognizes the value of partnering with a qualified operator to ensure utility infrastructure is maintained and long-term operational and sustainability objectives are achieved.

Interested parties can find additional information and the Request for Qualifications here. Statements of Qualifications will be received until Sept. 6.

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