CenTrio and Tiger Energy Partners have reached financial close for the utility system modernization at the Louisiana State University's (LSU) main campus in Baton Rouge, the USA.

CenTrio will lead and finance the utility system modernization and operate and maintain LSU’s utility system for the next 30 years. The company will also perform and fund additional capital improvements to the utility system. Mayer Brown and Bank of America (BofA Securities, Inc.) acted as advisors for the financial close.

Tiger Energy Partners, a joint venture between Bernhard Energy and Johnson Controls, will design and construct the initial modernization solution for LSU’s steam and chilled water plants