Comprehensive suite of asset management and financial services on behalf of owners, lenders and other stakeholders
PurEnergy can provide a full complement of asset management and financial services for a project, from construction commencement, and continuing through facility operations and disposition or decommissioning. Our goal is to comprehensively and cost-effectively manage facilities on behalf of their owners, allowing our clients to limit their day-to-day involvement so they can use their valuable internal resources most effectively. We can help create significant value for owners throughout the many stages of the project lifecycle, including during development and construction, initial start-up, acquisition and transition, operations, distressed and turnaround situations and decommissioning.
We manage a project as a complete business to operate and optimize the asset; ensure regulatory, legal and contractual compliance; and increase value to owners. We not only oversee the day-to-day management of the project—including all contracts and vendors and ensuring efficient operations—we also develop and implement comprehensive strategies to increase value. We have deep technical knowledge and can work with owners and operators to devise, evaluate and implement improvement projects, contractual restructurings and other initiatives.
We manage all financial matters for a project, including: establishing and maintaining bank accounts; providing cash management and investment functions; budgeting and forecasting; performing all accounting and financial statement preparation; managing accounts payables and receivables; ensuring compliance with financing covenants and other obligations pursuant to financing arrangements; and providing required financial statements and reports. We can also manage all administrative and back-office matters, including: maintaining the project’s books and records; ensuring compliance with and providing required reports and notices under financing and other agreements.
PurEnergy has earned an excellent reputation as a company dedicated to rejuvenating power projects in need of technical or economic remediation. We have a proven success rate in assisting owners with restructuring existing assets to become competitive in today’s ever-changing market including: Key contract renegotiation, debt refinancing, revenue conversions to market rates*, reworking of fuel supplies, isolation from steam hosts*, and other remediation measures to return assets to profitability.
We can also manage a facility’s decommissioning process, including overseeing: salvage and repurposing of useful equipment; demolition, remediation and restoration activities; management of legal and regulatory issues; evaluation of redevelopment options; and resolving litigation threats and construction disputes.
PurEnergy can provide acquisition support services to potential equity participants seeking to acquire project assets. We offer business development, internal due diligence and commercial support for acquisitions. We have experience transitioning and on-boarding both stand-alone projects as well as project portfolios.