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Drawing upon 25 years
of experience in the development, acquisition, ownership and operation
of independent power facilities, Decker Energy has been retained by
various clients to manage their projects, especially the business
aspects. A key contributor to our success has been our ability to
manage assets and their associated contracts to create enhanced value.
Decker
Energy has recently been retained by a major bank client to turn around
a troubled biomass conversion project. The previous owner was
attempting to modify a coal-fired cogeneration plant to burn urban wood
waste, but lacked the skills and experience to complete the job.
After foreclosing on the loan, the bank engaged Decker Energy to rescue
the project. There were many open issues, including completion of
the technical conversion of the plant to be capable of burning biomass
fuel, renegotiation of power and steam sales agreements, setting up
operation and maintenance arrangements, environmental permitting, and
assisting in the sale of the project.
This
assignment is typical of the value that Decker Energy can offer,
especially to troubled projects, which require the skills and
experience we have built over the years. Our broad knowledge of
all aspects of power projects makes us well qualified to assist owners
and lenders to maximize the value of their facilities.
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