Word: matep
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Dates: during 1978-1978
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...court dismissed the suit brought by MATEP--the shell corporation that owns the projected $110 million project. The suit, had it been successful, would have enjoined the DEQE from blocking construction of the plant...
Another $1.5 million agreement accompanies the zoning variance for the Medical Area Power Plant, which is not owned by Harvard, but by Medical Area Total Energy Project, Inc. (MATEP), a private corporation established by Harvard in order to enter into a tax agreement with the city. Harvard also makes payments on a Mission Hill housing project, also owned by a separate corporation (Mission Park Inc.) in which Harvard is a minority stockholder...
...Medical Area Total Energy Plant (MATEP) was designed to provide steam, chilled water and electricity at a savings to the Medical School and other medical institutions in the area. Harvard officials have said in the past that the economic feasibility of the plant hinges on its ability to generate electricity. Harvard has put forward $50 million for the facility, but has not yet assessed the possible losses should the electric generators be completely rejected, Lashman said...