Mountain Peak
Delivering reliable, cost-predictable power when traditional construction models fell short
Problem
The electric power cooperative customer left their long-term power supplier and sought a resource located on their distribution system. The customer was looking for speed to market, with great intention to modernize its portfolio while providing cost predictability for its members. Many traditional Engineering, Procurement and Construction (EPC) providers declined to bid on the project due to the size and scope – therefore Kindle pursued an alternative solution.
Solution
Mountain Peak Power was developed by Kindle to address the specific needs of the electric cooperative. With a signed, long-term contract with the customer in place, Mountain Peak took an atypical approach to EPC. Kindle utilized its existing EPC organization to manage all elements of constructing and commissioning the project. It took less than two years for Mountain Peak Power to go from project conception to project commercialization.
Kindle challenged its Engineering and Construction teams to put together a plan to:
Manage the construction of the Mountain Peak Power plant via a small number of vendor contracts and utilizing Kindle’s existing EPC Organization
Maintain the original economics of the project
Achieve COD in line with the long-term customer contract
The Kindle team then identified multiple Tier 2 contractors who could provide the services of an EPC provider, but under an EPC Management model overseen by Kindle (General Contractor Model), and negotiated contracts with the General Contractor.
The Engineering and Construction team then:
Developed a schedule to demonstrate how all the vendors and equipment will be available to achieve completion by June 01, 2025
Convinced equity sponsors to commit capital to move forward with financing and construction based on Kindle’s General Contractor plan
Purchased key equipment
Provided written materials, held calls with Lenders to describe Kindle’s General Contractor plans and how risk will be mitigated during construction
Impact
Power Supply
Mountain Peak
Mountain Peak Power commenced construction in August of 2024 utilizing the General Contractor Approach. Successfully constructing Mountain Peak Power under a General Contractor model demonstrated Kindle's ability to continue developing and building projects independently or with an EPC contract.
Provided Kindle a process step in transitioning construction solutions from EPC to EPCM alternative models
Enables Kindle to continue to be a solution provider to entities pursuing new power supply during a time where there are limited alternatives for how to construct new plants
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