AVEK is looking to develop the High Desert Groundwater Bank to improve water supply reliability for its customers. An additional goal is to establish a business venture that will generate revenues and offset costs to AVEK’s customers.
M&A provided a range of services for this project, including a recharge feasibility assessment and an evaluation of whether AVEK should apply for funding under California’s new Water Storage Investment Program (WSIP) — a task that required our specialized expertise in monetizing ecological and public benefits, a core requirement of this new program. Our services have included:
- Developing a groundwater model to estimate the recharge capacity of the Bank
- Evaluating the efficacy of obtaining funding under WSIP
- Preparing a proposal to the U.S. Bureau of Reclamation for a WaterSMART grant to support additional hydrogeologic investigations to improve confidence in Bank performance