Synthetic Fuels:

Status of the Great Plains Coal Gasification Project--August 1, 1985

RCED-86-36: Published: Dec 24, 1985. Publicly Released: Dec 24, 1985.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO reported on the status of the Great Plains Coal Gasification Project and the project sponsors' default on a $1.54 billion federally guaranteed loan.

GAO found that, although the Synthetic Fuels Corporation approved a loan agreement for up to $720 million in price guarantees over a 10-year period subject to restructuring the payments on a Department of Energy (DOE) guaranteed loan, DOE would not approve the proposed agreement because oil and natural gas prices were not high enough to make the project economical. However, GAO found that the project: (1) progressed well; (2) has met the production performance criteria for commercial operations; (3) was completed on time and within cost estimates; (4) has produced and sold $153 million worth of synthetic gas; (5) has had some technical problems; and (6) needs plant modifications to meet design specifications and environmental control standards.

Dec 7, 2017

Nov 14, 2017

Nov 1, 2017

Oct 26, 2017

Sep 8, 2017

Sep 5, 2017

May 26, 2017

May 25, 2017

May 24, 2017

May 17, 2017

Looking for more? Browse all our products here