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Awarded contract·Alaska Energy Authority·Alaska

Bradley Lake Hydropower Project Operator

Won by Homer Electric Association$30MSingle Award
Contract source

Awarded vendors

  • Homer Electric Association

Description

The Alaska Energy Authority issued RFP 18043 to select a contractor to assume full operation, maintenance, and repair responsibilities for the 120 MW Bradley Lake Hydroelectric Project beginning 1 Jan 2019. The contract runs from August 2018 through Dec 2024 (initial five‑year term) with options for successive five‑year renewals. The awardee must provide a Turn‑over Plan, an Operating Plan, and manage subcontractors while complying with FERC licensing, state regulations, and AEA’s safety and reporting requirements. Compensation is structured via a combination of fixed‑price, cost‑plus, or time‑and‑materials rates, with preference discounts for Alaska‑registered businesses. • Operate and maintain the powerhouse, dam, transmission lines, airstrip, housing, and associated infrastructure. • Deliver detailed turnover and operating plans, coordinate with the Bradley Project Management Committee and utility purchasers, and maintain SCADA and data security. • Provide annual operating budgets, invoice monthly, and meet an operating reserve equal to 20 % of operating expenses.

Attached files

Key dates

Bids closed
4/17/2018
Contract modified
4/4/2018
Starts
1/1/2019
Ends
12/31/2024Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Renewable Energy
NAICS
541330
Solicitation №
RFP 18043

Contract value

$30,000,000

The solicitation lists contract‑value brackets ranging from “Less than $200,000” up to “$1,000,000 or greater”, but does not disclose the exact award amount. The FY 2018 operating‑budget for the plant is $5.58 M, and the O&M contract covers a five‑year period plus optional renewals. Assuming a similar O&M spend each year (~$5–6 M) and adding a modest profit/overhead margin (≈10 %), the total contract value for the initial term likely falls between $30 M and $35 M. This estimate also aligns with typical costs for operating a 120 MW hydro facility over multiple years.

AI estimate from the award documents

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