10 MW Waste-to-Energy Transaction and Investment Advisory
K&M was hired by one of the industry’s leading integrated waste technologies solutions provider in the region. The client’s 10 MW Waste to Energy pilot project innovation is a first of its kind in Kenya. The project is based on three specific forms of biomass: municipal solid waste, agricultural crop residues and livestock waste or manure. The WtE pilot which is also phase 1 of the project will be located in Kibera, an informal settlement in Nairobi. This is a single line facility with a capacity of 300 tons per day, and a total of 100,000 tpa. For this pilot phase, the output will be biomethane and electricity. The expanded facility will have a capacity of 250,000 tpa and the outputs will be biomethane, ethanol and electricity. K&M Advisors will provide financial / commercial advisory services with the primary objectives of (i) raising the necessary funds to complete project development and (ii) successfully achieving project financial close for the pilot project.
Cerro Dominador Solar Power Plant is a 210-megawatt (MW) combined concentrated solar power (CSP) and PV plant located in the Antofagasta Region of Chile, about 24 kilometers (15 mi) west-northwest of Sierra Gorda. The 100 MW PV plant is already in operation and the 110 MW CSP plant is in commissioning. The CSP plant includes a 243 m receiver tower, 10,600 heliostats, molten salt energy stage to support plant operation at 100% load for approximately 17 hours, steam turbine-generator, and other auxiliary equipment. A private investment client is planning on investing in the project and engaged K&M to perform project technical and market due-diligence review with the major focus on a 110 MW CSP power generation facility.
FortisTCI was negotiating its regulatory framework with the Turks and Caicos Islands Government (TCIG) while the Government was also considering developing a multisector regulatory agency. FortisTCI hired K&M to assist them in writing a response to Kairi Consultants, a consulting firm hired by TCIG to assess the existing regulatory frameworks for public utilities. K&M prepared a Report on Reform of the Regulatory Framework Applicable to FortisTCI. This report described FortisTCI and its applicable regulatory framework, benchmarked regulatory frameworks in other Caribbean jurisdictions, and provided recommendations for the relevant framework for regulating FortisTCI.
Africa GreenCo has retained K&M Advisors to advise on the development of the company’s procurement procedures and policies. In Zambia, Africa GreenCo will act as an intermediary offtaker and service provider, purchasing power from renewable IPPs and selling that electricity to utilities and private sector offtakers (i.e. commercial and industrial users) as well as other markets of the Southern Africa Power Pool (SAPP). Therefore, Africa GreenCo must have procurement policies and processes that reinforce its role as a credible, independent party. K&M is working closely with Africa GreenCo to develop procurement policies, procedures and documents; and a due diligence and appraisal framework through which Africa GreenCo determines how, and from whom, it purchases and sells power. K&M will: • Review, assess, and recommend changes to existing documents regarding procurement
• Develop procurement policies and associated rules and procedures best suited to meeting the evolving needs of GreenCo
• Develop project appraisal and due diligence framework, including bid documents and associated templates
WEB is working with its parent company (Utilities Aruba) to decarbonize its generation matrix and meet the goals set by the Paris Agreement. To this end, WEB wanted to develop a set of decarbonized long-term generation scenarios for Aruba. These scenarios will include combinations of different technologies, including thermal (natural gas), solar PV, wind, lithium battery, and green hydrogen. K&M will assist WEB to develop a detailed model to estimate the Levelized Cost of the Electricity (LCOE) and emissions for each generation scenario.
FortisTCI Limited (FortisTCI)—the electricity utility in Turks and Caicos with an aggregate generation capacity of 90.7MW and over 15,000 customers—has retained K&M Advisors to conduct a vigorous cost of service study. FortisTCI has seven service areas with multiple customer categories. Working closely with the FortisTCI team, K&M will develop a dynamic financial model that will calculate the cost of service and establish cost reflective rates by customer category for each service area. The model will calculate the cost of service on a historical basis and on a forward-looking basis using projections for 2021 to 2025. K&M will present the cost of service and proposed rates by customer category to the executive team at FortisTCI and provide recommendations resulting from the work undertaken.
A confidential US client which provides debt and/or equity financing to power projects engaged K&M to perform a commercial due diligence review to support a loan transaction for the Inkia generation portfolio.
K&M served as technical and financial consultant to the US Department of Energy (DOE) and the US Agency for International Development (USAID) on privatization opportunities, alternative energy sources, and diversification of the sugar industries in Mauritius, Swaziland, Zambia, and Zimbabwe. K&M evaluated the technical and economic feasibility of diversifying sugarcane industry operations with emphasis on the production of fuel alcohol and electricity. Particular attention was given to prospects for the introduction of US developed technologies and services in cane energy-related areas, especially for projects that were already in the planning stages (issues addressed: co-generation systems, project finance and development). K&M prepared a report on the highlights and findings of this mission which included recommendations for future action and identifications of project specific opportunities for potential involvement of the US private sector.
K&M was retained by the Tampa Energy Corporation to structure a privately financed 56 million gallon per year ethanol facility and associated 80 MW bagasse-fired cogeneration plant in the Dominican Republic, which would sell surplus electricity to the electric grid. In addition, K&M had the overall technical and project management responsibility for this project. K&M assisted Tampa Energy in the funding, design, feasibility and engineering studies, equipment and machinery supply contracts, and the supervision of the construction of the production facility.
K&M was engaged by USAID to assess the prospects for private biomass power sales to the Swaziland Electricity Board, and to perform energy audits as well as an inventory of required equipment for factory upgrades. K&M’s scope of work included: identifying changes needed for increased energy efficiency and power production in the Swaziland sugar industry; comparing sugar industry cogeneration to other electricity generation options; evaluate costs and benefits of increased private power cogeneration; make recommendations on institutional support and development assistance; and perform energy audits.