March 28, 2019 (IEEFA Arizona) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) and lead author Tony Skrelunas, Navajo, MBA, identifies fast-emerging investment opportunities in the post-coal economy of northeastern Arizona.
The brief — Navajo-Hopi Transition Impact Investment Fund: Four Opportunity Areas— describes capital investment opportunities in four critical areas in the wake of the imminent closure of the Navajo Generating Station (NGS) and Kayenta Mine.
Investment across all four areas will support Navajo communities affected by the shutdown of the mine and the plant, and each opportunity will require a speedy infusion of capital.
“We recommend that an impact investment fund of at least $20 million be formed immediately to provide critical capital to Native American-owned contractors bidding on opportunities within the first three areas of start-up/expansion,” Skrelunas said. “Such funding will provide joint-venture equity to support partnering with larger contractors, purchasing of equipment, and crucial cash flow.”
The brief stresses the importance of timely investment activity and names several potential sources of capital.
NGS will be formally decommissioned in December. Kayenta Mine will cease production in October. Both have been in operation since the 1970s.
Full report here: Navajo-Hopi Transition Impact Investment Fund: Four Opportunity Areas
Media Contacts: Vivienne Heston, IEEFA, [email protected], +1 (914) 439-8921
The Institute for Energy Economics and Financial Analysis (IEEFA) conducts global research and analyses on financial and economic issues related to energy and the environment. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.