This project contrasted the estimated cost of steam-to-hot water conversion to the business-as-usual case, considering maintenance and energy use. The conversion includes implementation of heat recovery chillers for cogeneration of cooling and heating. Over a 30-year analysis period and based on justifiable assumptions used in the financial model, the conversion has an NPV of $21M and MIRR of 8%. Financing options include public-private joint venture, energy savings performance contracts, energy services agreements, student fees and revolving loan funds.

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