Yahoo! Finance
Summary
CenTrio, in partnership with Tiger Energy Partners, reached financial close this week with the LSU Board of Supervisors to modernize utility systems at the university’s main campus in Baton Rouge this week. The 30-year partnership is expected to generate substantial energy and operational savings for LSU while promoting sustainability, reliability and efficiency of utility systems campus-wide.
CenTrio will lead and finance the utility system modernization and operate and maintain LSU’s utility system for the next 30 years. CenTrio will also perform and fund additional capital improvements to the utility system, as approved by LSU, equipping LSU for future campus growth and addressing capital renewal and deferred maintenance.
"We are thrilled to begin this modernization project at LSU," said Doug Castleberry, CenTrio’s Chief Operating Officer. "CenTrio looks forward to making the Baton Rouge campus more resilient, efficient, and sustainable. By investing in university campuses, we are not only helping with their immediate energy infrastructure needs but also allowing them to focus capital and other resources on their core mission of education and research."
Tiger Energy Partners, a joint venture between Bernhard Energy and Johnson Controls, will design and construct the initial modernization solution for LSU’s steam and chilled water plants. Additionally, Tiger Energy Partners may design, build and finance future building mechanical system upgrades on the Baton Rouge campus.
Continue Reading
#News#MemberNewsIDEA#Centrio#LSU#JohnsonControls#BernhardEnergy#Infrastructure