Project Definition. The objectives of Phase I are to select a site for the CO2 storage facility, obtain site purchase options, complete a conceptual design and cost estimate for the Project, initiate the NEPA process, and execute a Cooperation and Technology Agreement between Recipient and Ameren Energy Resources (Ameren). Phase II: NEPA, Permitting, and Preliminary Design – The objectives of Phase II are to complete environmental permitting and the NEPA process, obtain commitments on properties needed for the pipeline and sequestration site; complete Preliminary Design and cost estimate, prepare an MVA Plan, execute a CO2 services agreement (after an acceptable power sales agreement is negotiated by the Upstream Project sponsor), and complete final preparations for financial closing (if required).
Appears in 2 contracts
Sources: Assistance Agreement, Assistance Agreement