AECI Chamois Power Plant
11:44 11 January in Industrial
CDC Purchases Chamois Power Plant, Assumes Environmental Liabilities, Decommissioning
Project Overview: In 2017, Commercial Development Company Inc. (CDC) purchased the 70-acre Chamois Power Plant from Associated Electric Cooperative (AECI). As part of the transaction, ELT assumed the environmental liabilities and decommissioning obligations associated with the site and its former operators.
The “Chamois Power Plant” delivered electricity to central Missouri for over 60 years. Located along the Missouri River, the plant retired from operations in 2013 due to energy market factors and expected cost issues associated with future environmental regulations.
AECI sought proposals from more than 50 firms for decommissioning the facility and employed a third-party engineering firm to review those proposals.
AECI conducted an extensive national search, and selected CDC & ELT due to their 25 years of experience and success in remediation and transformation of industrial sites. CDC has decommissioned a number of coal plants and has a solid record of environmental responsibility.
— Brian Prestwood, VP and Chief Compliance Officer at AECI
EnviroAnalytics Group (EAG) will now commence a series of environmental remediation and demolition projects at the retired power plant. The expected timeline for completion is 3 years, at which point the site will be marketed for potential reutilization.
“We will now work to restore the beauty of this prime location along the Missouri River in preparation for new ownership and possible development activity,” said Tim Smith Senior Vice President at ELT.
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