Idaho Hydro Electric Power Plant

Bliss, ID (Gooding County)

Idaho Hydro Electric Power Plant
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Asking Price: $1,000,000

Cash Flow: N/A

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1983

Idaho Hydro Electric Power Plant

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Business Description

Investment opportunity ,with land and wild life habitat .

The Ravenscroft Hydro power plant was built in 1983 and went on line January 1984 under contract to Idaho Power. The original project consisted of 3 generators /turbines of varying sizes to accommodate fluctuations in water flow and optimize production.Geographically located about 2 miles to the NE of the old Tuttle township it sits on the east bank of the Malad River upstream before the river makes it`s dramatic drop at Malad gorge. The hydro site is accessed via Shoestring Road which ties into I-84 at Exit #147.

The project was designed for a base capacity of 3,209,000 kWh/year. With the addition of the 4th turbine the opportunity for more production is there, when there is water. The Malad River draws water from: Big and Little Wood Rivers; American Falls and North Side Canal Co.`s; Silver Creek and local run off.

There are 65+ deeded acres that are included in the purchase price along with 44 acres of BLM lease. Of this total 40 to 50 acres are ponds and canal, with great wild life habitat.

The annual income varies due to water flow. In the last 10 years the highest was 2011 at $ 251,893.00 and the lowest was 2007 at $ 187,237.00. This has produced an average of $ 220,00.

The fixed costs over the same time have averaged between $32,00 and $42,000. The higher expenses correlate with the higher production years.These costs do not include any debt repayment or operator`s salary. The average M&O and average repair costs are included.

In the last four years we have put over $250,000 back into the power plat ( all out of earnings ) in updated equipment; control system; preventive maintenance; facility improvements; sediment removal and added safety features. I have now rebuilt two of the generators in the last two years, not included in the cost above.

Our Idaho Power contract expires April 30th 2019. All the application for the new contract are completed and in to Idaho Power. I have the new rate structure back and should have a draft contract in a couple of weeks ( written Dec.11, 2018 ).

I have chosen the Non-Levelized rate structure. There are less insurance requirements under this contract and will lower the stated fixed costs, by $6,000 to $8,000 depending on the level of insurance you wish to put on the project.

On our web page, under the Buyers section you will find the break down in fixed expenses , production records and copies of our taxes. I will provide a user name and pass word to open up this section, after we have talked.

Detailed Information

Location:
Bliss, ID
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
1
Facilities:
Two power plant bases; power house ; 4 turbines/ generators/ penstocks ; 1500kW transformer, switch gear, new modern control system for control remotely over the internet, including smart phones ; land and water rights ; BLM lease and FERC exemption.
Support & Training:
I can stay on and run the plant for you or will train any one so they can run it.
Reason for Selling:
It`s in my father`s estate and need to sell the power plant to close the estate
Business Website:
http://ravenscrofthydro.com
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Business Listed By:
Allan Ravenscroft

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