The assessment of feasibility for an 800-MW pumped storage hydro project by Arizona Independent Power will commence about June 2014, the company told the Federal Energy Regulatory Commission in a Jan. 13 update.
The Verde Pumped Storage Project would include a 265-foot high dam impounding a 150-acre upper reservoir, a powerhouse with 800 MW of generating capacity and a 500-kV transmission line.
The proposed site for the Verde Pumped Storage Project is in Maricopa County, Arizona, about 40 miles west of central Phoenix and north of Interstate 1-10. The land within the project boundary is primarily administered by the Arizona State Land Department, the Town of Buckeye and the U.S. Bureau of Land Management (BLM), with about 75 acres of the project’s upper reservoir located on the south boundary between the White Tank Mountain Regional Park and Buckeye.
“The Company and investors recognize that guaranteed long term ‘water-rights’ are required,” said the report, which is the fifth update filed on the project since FERC issued a preliminary permit in August 2011. “The Company has access to such ‘water rights’ and upon the receipt of the initial anticipated investment funds it will enter into the water purchase agreement. Under this scenario the Company and the Central Arizona Project, CAP, will mutually establish the locations for the ‘put-in and take-out’ stations in the CAP Aqueduct system. The Maricopa Water District will prepare the Tariff Schedule for transporting the water in the CAP system. The Company will install the required infrastructure to convey the water from the CAP Aqueduct, ‘take-out’ station, and deliver the water to the project.”
Arizona Independent Power said its search is ongoing to find a project sponsor to provide the funds to determine the overall feasibility of the project and to prepare the final application to FERC for a project license.
The company contact information is: Arizona Independent Power, 14988 North 78th Way, Suite 103, Scottsdale, AZ 85260, phone (480) 222-6222.