CPU8391 Nottingham City Council District Energy Network Investment Opportunity

Description

Nottingham City Council is seeking to appoint a provider to take ownership or control (to be determined) of the Nottingham City District Energy Network. As well as an asset transfer agreement (or alternative, depending on structure), it is anticipated that the successful bidder will be awarded a Services Agreement to continue supplying heat from the network to circa 5,000 domestic properties which are currently connected to the Network and in respect of which the Authority has certain responsibilities as landlord or as covenantor. It is anticipated that this supply obligation will be for a specified term of years (to be determined). The successful bidder will also be awarded a Supply Agreement for the supply of heat and electricity to the Authority for a specified term of years (to be determined). The estimated end date for the contract has not yet been determined and will be decided either in advance of or during the live procurement. For the time being, we have assumed a term of 40 years.