June 17th, 2019 NJWB
RUTGERS STATE UNIVERSITY LOAN CLOSING
NJ I-Bank and NJDEP Helping to Improve New Jersey's Infrastructure, One Project at a Time
Rutgers State University closed earlier this week on a $37,000,000 construction loan with the NJ Water Bank to replace the power generating turbines with increased capacity and other related equipment upgrades at the Busch Cogeneration Plant.
Project benefits at a glance
Project cost: $37 million
Estimated energy cost savings: $1 million
Market participation credits rebate: $1.86 million
Total financial savings: $2.86 million in 2018 dollars
New technology emissions decrease: 50%
Water usage elimination: 8 million gallons of water per year
For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.
