Loans to help improve rural electrical services
Rural electric projects in North Dakota are receiving loans through a U.S. Department of Agriculture program that is providing $45 million for smart grid technology, $73 million for renewable energy projects and more than $213 million targeted to benefit Native Americans. This funding will build or improve more than 6,500 miles of line to deliver electricity to rural America.
“Rural electric cooperatives have provided reliable, affordable power to rural communities for more than 75 years. Today’s investments will help ensure our electric infrastructure continues to deliver reliable and affordable electricity for years to come,” Agriculture Secretary Tom Vilsack said.
The funding is provided through the USDA Rural Utilities Service Program.
In North Dakota, Nodak Electric Cooperative, Grand Forks, will receive a loan of more than $31 million to serve 920 consumers, build 450 miles of line and make other system improvements. The loan includes $2.4 million for smart grid projects and $540,000 for service to Native Americans.
Capital Electric Cooperative Inc., Bismarck, will receive a $ 31 million loan. Funds will be used to serve more than 2,800 consumers, build 265 miles of distribution line and make other system improvements. The loan will include $2 million for smart grid projects and $248,000 for service to tribal communities.
Minnkota Power Cooperative, Inc. , Grand Forks, has been approved for a $46.3 million loan to help with the construction of the Center to Grand Forks transmission line.