The University of Alaska has cancelled the Concession Services for the University of Alaska Fairbanks (UAF) Utility System in the USA.

The University of Alaska hereby cancels the Concession Services for the UAF Utility System due to changed market conditions and uncertainty in the viability of the partnership structure. The University may revisit the project in the future and explore other public-private partnerships. 

The proposed internal utility systems and Combined Heat and Power plant (CHP) consist of a coal-fired boiler, and a 17 MW steam turbine generator, with a future conversion possibility to natural gas. The project includes steam, electrical distribution, chilled water, domestic water, compressed air, and sanitary sewer systems. The UAF Utility System PPP Project offers potential benefits like improved reliability, efficiency, reduced costs, increased infrastructure investment, and enhanced sustainability.