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Missouri Division of Energy awards low-interest loan to OMC for an energy efficiency and renewable energy project

Missouri Division of Energy awards low-interest loan to OMC for an energy efficiency and renewable energy project

WEST PLAINS, Mo – The Missouri Division of Energy has awarded a low-interest loan totaling $681,899 to assist Ozarks Medical Center (OMC) with an energy-efficiency and renewable energy project.

The funded project, which is expected to support 9 jobs and benefit more than 40,000 Missourians, is projected to save the hospital approximately $87,279 in energy costs annually. OMC will use this savings to repay the loan. In addition, the project will reduce electricity use by more than 1,134,974 kilowatt hours (kWh) and natural gas use by 987 Million Btu (MMBtu) avoiding 850 metric tons of carbon dioxide pollution, which equates to removing 180 passenger cars from the road for a year.

“The Energy Loan Program provides the opportunity for Missouri schools, hospitals, and governments to make improvements by installing clean energy innovations in their buildings,” said Director of Division of Energy, Kristy Manning. “The loan project stimulates Missouri’s economy by saving tax payer money, allowing the applicants to redirect savings toward other priorities, and helps create jobs for the state of Missouri.”

Since the Energy Loan Program’s inception in 1989, the Department of Economic Development’s Division of Energy has awarded more than 612 loans resulting in more than $114 million in completed energy efficient projects and more than $199 million in estimated cumulative energy savings.

Through the department’s Division of Energy, low-interest loans are provided to public schools, public and private higher education institutions, public and private not-for-profit hospitals, and local governments to help reduce energy costs.

OMC will use the loan for several energy efficient projects including upgraded lighting, HVAC and hot water systems in both their Shaw and Parkway Buildings. Cromwell Architect Engineers located in Little Rock, have designed the project. The formal bidding process will commence in the first quarter of 2019. “This project not only saves OMC money but by upgrading vital systems, it will create a more comfortable environment for our patients and staff,” said Josh Reeves, OMC Director of Facilities and Planning and Development.

Ozarks Medical Center is a system of care encompassing eight primary care and 16 specialty clinics, along with complete rehabilitation, behavioral healthcare and home care services. While the 114-bed acute care hospital cares for more than 5,400 admissions, the entire medical system has more than 364,000 patient visits annually in South Central Missouri and Northern Arkansas. For more information about OMC, visit www.OzarksMedicalCenter.com.

To learn more about the Energy Loan Program, please visit https://energyloan.mo.gov or contact the Missouri Department of Economic Development’s Division of Energy at 573-751-2254 or toll-free at 855-522-2796.

Pictured is Josh Reeves, OMC Director of Facilities and Planning and Development.

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