The $306,464,331 Project Grant award from the U.S. Department of Agriculture's Rural Utilities Service (RUS) under the New Empowering Rural America (New ERA) Program (CFDA 10.758) will support Central Electric Power Cooperative Inc. in Columbia, South Carolina. This funding aims to assist the awardee in reducing greenhouse gas emissions while enhancing the resilience, reliability, and affordability of the rural electric system. The award will fund a range of clean energy initiatives, including energy efficiency improvements, renewable energy deployment, zero-emission systems, and carbon capture storage projects. The grant has an initial award date of January 15, 2025, and a target completion date of January 15, 2027. The New ERA program provides flexible financing options, including grants up to 25% of project costs, to eligible entities for cost-effective projects that can significantly reduce greenhouse gas emissions and improve rural electric system capabilities.
Generated 3/4/25, 5:46 AM