Tri-State enters $195.6M EPC contract for 145 MW solar project in Colorado

Tri-State Generation & Transmission Association, Inc.

Turnkey EPC contract with JSI Construction Group for 145 MW AC solar facility in Moffat County, Colorado.
Total contract price of $195,611,863, payable via milestone schedule; first payment due upon notice to proceed.
Project expected to achieve commercial delivery by December 31, 2025; liquidated damages for delay.
Notice to proceed to be issued by June 1, 2024; EPC contractor responsible for full construction except transformer.
Tri-State separately acquiring project assets from Axial Basin Solar LLC via Asset Purchase Agreement dated same day.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tri-State Generation & Transmission Association, Inc. entered into Turnkey Engineering, Procurement and Construction Contract (Axial Basin Solar Project) with JSI Construction Group LLC valued at $195,611,863.00 (effective 2024-03-15).

Action: entry
Agreement: supply
Counterparty: JSI Construction Group LLC
Value: $195,611,863.00
Effective: 2024-03-15

Exact text from the filing

On March 15, 2024, Tri-State Generation and Transmission Association, Inc. (“Tri-State”) and JSI Construction Group LLC (“EPC Contractor”) entered into a Turnkey Engineering, Procurement and Construction Contract (Axial Basin Solar Project) (“Axial EPC”) for the construction of a 145 MW AC solar energy generation system to be located in Moffat County, Colorado (“Project”).

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Source: SEC EDGAR

accession 0001637880-24-000021

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