Utility Has Plan to Aid Hospitals
WALLINGFORD, Conn. — A local utilities company is entering into an unusual partnership with a hospital association to finance and encourage energy efficiency improvements, reports Energy User News magazine.
The company has issued a $111 million capital-grant revolving loan fund with loans up to $200,000 per hospital available at zero interest for terms of up to eight years to members of the Connecticut Hospital Assn.
Improvements including energy-efficient lighting, variable-speed motors and thermal-storage systems are cited as measures that could particularly benefit health facilities having high thermal loads and round-the-clock operations.
Energy-improvement plans will be evaluated on the basis of the amount of energy saved per dollar spent. The first loans are expected to be awarded in 1989.
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