30 percent (in current dollars) between FY 1992 and FY 1994. A significant part of the decrease in the second program area reflects completion of the magnetohydrodynamics program. High-efficiency IGCC is the only area in the Advanced Clean/Efficient Power Systems program that has seen funding increases each year from FY 1992 through FY 1994.

CCT Program

In the CCT program the most promising of the advanced coal-based technologies are being moved into the marketplace through demonstration. The demonstrations are at a scale large enough to generate the data needed to judge the commercial potential of the systems developed. Congress originally funded the CCT program with almost $400 million, to be spread over FY 1986 through FY 1988. In March 1987, in response to the Joint Canadian and U.S. Special Envoy recommendations concerning acid rain, President Reagan expanded the CCT program's funding by $2.35 billion. Congress established that this funding would be offered in five solicitations for cost-shared projects (CCT-Round I through CCT-Round V), in which industry would provide at least 50 percent of the cost of design, construction, and operation of the demonstration project. A unique feature of the CCT program is that each project must commit to repaying the government's share of the project's funding from the proceeds of successful commercialization of the technology.

Table 2-2 shows currently authorized CCT funding, by solicitation round and fiscal year. The CCT program has been authorized and appropriated $2.75 billion altogether, representing 45 active demonstration projects and a total public and private investment of $6.9 billion. The FY 1995 budget request seeks to have previously authorized funding for the CCT program extended to cover solicitation rounds IV and V.

Section 1332 of EPACT calls for solicitations for CCT projects in developing countries or countries with economies in transition from a nonmarket to a

TABLE 2-2 Authorized Funding for the CCT Program (millions of current dollars)

Solicitation Round

FY 1986-FY 1994

FY 1995

FY 1996

FY 1997

Total

CCT-I

398

 

 

 

398

CCT-II

575

 

 

 

575

CCT-III

575

 

 

 

575

CCT-IV

450

100

50

 

600

CCT-V

225

275

100

 

600

Total

2,223

375

150

0

2,748

 

Source: DOE (1994c).



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