Three communities were awarded financing totaling $15,110,000 for projects to construct or rehabilitate equipment to store or supply natural gas by the Georgia Environmental Finance Authority (GEFA) board of directors. 

Approved loans:

  • Shellman awarded a $110,000 Natural Gas Infrastructure Financing Program (NGIFP) loan
  • South Georgia Energy Authority awarded a $9,000,000 NGIFP loan
  • Sparta awarded a $6,000,000 NGIFP loan

Project and loan details:

City of Shellman

The $110,000 NGIFP loan will finance replacement of outdated gas meters and odorization equipment and installation of excess flow valves on gas lines. The city will pay 4.03% interest on the 20-year loan. 

South Georgia Energy Authority

The $9,000,000 NGIFP loan will finance construction of a compressed natural gas storage facility to provide supplemental gas during peak-demand periods to five participating city utilities to avoid service disruptions. The authority will pay 4.03% interest on the 20-year loan.

City of Sparta

The $6,000,000 NGIFP loan will finance replacement of aging main and service lines and outdated manual gas meters. The project will improve system safety, reliability, and regulatory compliance, while reducing leaks and maintenance costs. The city will pay 4.03% interest on the 20-year loan.