June 20, 2012 | last updated June 21, 2012 11:41 am

CEFIA looks for $6M program participants

PHOTO/PABLO ROBLES
PHOTO/PABLO ROBLES
Bryan Garcia, head of the Connecticut Clean Finance & Investment Authority

The Connecticut Clean Energy Finance and Investment Authority released its request for proposals for a $6 million pilot program for combined heat and power facilities.

Combined heat and power, or CHP, captures the waste heat created through an electrical process and redistributes it for use in the facility, such as for heating water.

The CEFIA pilot program offers $2 million annually for three years to projects below five megawatts. The financial support for each individual project includes loans, performance-based incentives, alternative financing mechanisms and grants.

The level of CEFIA support for each project will not exceed $450 per kilowatt. Project developers sharing a significant portion of the financial burden will be given preference.

Applications are due Sept. 28.

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