Agenda - 03-21-1989 - Laserfiche WebLink

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21 The initial construction cost of a mess burn facility of this size, incorporating advanced pollution control technology, would be about $100 million (in 1988 dollars). This would require a bond issue of about $180 to $200 million. The tipping fee in the first year of facility operation would be about $70 per ton (in 1988 dollars) were the electricity produced to be sold to Duke Power Cdompany. Sale of energy to the Carolina Power and Light Cbmpany could reduce the first year tipping fee to around $65 per ton. On a net present value basis, the cost of a regional mess-burn facility expressed as a tipping fee would be in the $45 to $50 per ton range. This lower set of figures for the net present value is attributable to the offsetting revenues provided by the sale of energy over the 20 year period of project financing. Development of a regional, mass-burn waste-to-energy facility is expected to save the jurigdictions of both Counties about $30 million in initial construction costs and a total of about $70 million aver a 20 year period when compared to the cost of building and operating separate waste-to-energy facilities in each Ct*irity. This would translate into a savings of about $8 per ton of waste processed on a net present value basis. HER determined that a single, regional refuse derived fuel processing facility would be required to have an initial rated capacity of about 1400 tons per day and would require a site about 25 to 40 acres in size. The estimated construction costs for the facility would be about $45 million (in 1988 dollars) exclusive of the cost of land or modifications to any industrial or utility boilers and their associated pollution control ES - 11