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Our ServicesWe are effective at closing privately financed infrastructure deals because we can structure deals that are commercially attractive and are of public interest.

We are a full service technical firm capable of analyzing the technical feasibility of a project and supervising its construction.

  • Transaction Advisory
  • Owner’s Engineer
  • Lender’s Engineer
  • Due Diligence
  • Feasibility Studies
  • Policy and Regulatory Reform
  • Claims and Litigation Support

Transaction Advisory

K&M’s innovative financing strategies provide viable project structures essential for achieving financial close. We offer a combination of project-proven experience, technical and financial expertise and a track record of success—all in one firm.

IPP3 573MW power station, Jordan, K&M served as transaction advisor

K&M earned a reputation for successfully implementing international IPPs by playing pivotal roles in the financial close of 19 landmark independent power transactions. K&M has assisted stakeholders with divergent interests and objectives structure projects, allocate risks and lead negotiations. K&M has become one of the leading consulting firms for arranging and developing successful project structures and institutional frameworks. By using techniques such as Build-Own-Transfer (BOT), Build-Own-Operate (BOO) and Build-Lease-Transfer (BLT), K&M's projects attract private capital investments and result in successfully closed transactions.

Amman East 370MW power station, Jordan, K&M served as transaction advisor

K&M advises governments on designing comprehensive strategies that balance risks and incentives for attracting investors that preserve public interest. K&M has advised on the development of policy frameworks that encourage private infrastructure development. This involved drafting legislation that set sector structure, ensuring enforcement of contractual obligations, establishing independent regulators, and clearly articulating policies, procedures and regulations.

Based on its investment experience, K&M knows what it takes to mobilize private capital. K&M is a trend setter in developing innovative strategies that allocate risks, responsibilities and rewards of private infrastructure projects among the participants. The challenge of private project development lies in structuring a transaction that creates a commercially viable and financially feasible project.

Meghnaghat 450MW power station, Bangladesh, K&M served as transaction advisor

K&M’s transaction advisory services:

  • Feasibility assessments
  • Developing technical specifications
  • Legal and regulatory framework reviews
  • Financial and commercial structuring
  • Developing and utilizing project financial models
  • Drafting projects agreements and security packages
  • Interfacing with host country governments
  • Developing procurement documents
  • Managing international competitive bids
  • Bid evaluation and negotiation support
  • Coordinating multilateral agency support
  • Managing contractors and suppliers
  • Supporting capital raising

Owner’s Engineer

K&M has a reputation for aggressively defending the interests of the owner during the design, construction, and commissioning phases. Our advice has enabled project owners to construct power plants on schedule and within budget.

SAMRA IV power station 70MW steam cycle. K&M served as Owner’s Engineer

K&M’s range of experiences across many roles enable us to provide all-encompassing development advice to project owners. Unlike similar firms, K&M’s consulting services draw from our diverse experiences, which include working as an owner’s engineer, EPC contractor, project developer, investor, and owner.

K&M has managed, procured, structured, designed, and/or developed power projects producing over 30,000 MW and has completed numerous Engineering, Procurement and Construction Management (EPCM) /Turnkey Construction assignments around the world. K&M’s engineering team has a thorough understanding of the practical issues of power project development from extensive experience around the world. We strive to expeditiously resolve any issues that arise during all project phases.

Ilijan 1,200 MW Gas Power Station, Philippines. K&M served as Owner’s Engineer

K&M’s Owner’s Engineer services:

  • Conceptual design
  • Writing technical specifications
  • EPC contract drafting
  • EPC contractor competitive procurement
  • EPC contract negotiation
  • Reviewing detailed designs
  • On-site construction supervision
  • Reviewing change orders and variations in scope
  • Approving EPC contractor invoices

Lender’s Engineer

K&M’s technical and commercial expertise ensures that the interests of lenders are protected and risks are minimized.

Old Harbour 190MW power plant, Jamaica, K&M served as Lender's Engineer

At K&M, we understand that well-structured project financed debt is a critical component of any successful energy project. We know that lenders want to identify, mitigate, and hedge against project risks.

K&M has a thorough understanding of the needs of debt providers. We use our first-hand project development experience working with development finance institutions, commercial banks, and other third-part debt providers to ensure that projects are completed on time and banks are paid back.

Rousch 412MW power station, Pakistan. K&M served as Lender’s Engineer,

K&M’s Lender’s Engineer services

  • Pre-Construction
  • Reviewing project agreements, including PPA, EPC, fuel supply, and O&M
  • Reviewing financial models, and technical and commercial inputs
  • Supporting negotiations with the project sponsor
  • During Construction
  • Reviewing monthly reports
  • Reviewing drawdown requests
  • Monitoring project construction
  • Witnessing commissioning and testing
  • Post-Construction
  • Monitoring plant performance

Due Diligence

The essence of due diligence evaluation is risk identification, analysis, quantification and mitigation. K&M utilizes a three-pillar approach (technical, market and commercial) to due diligence, addressing these critical elements of a project.

Energia del Pacifico 380MW LNG-to-Power Project: K&M served as technical, commercial and market due diligence advisor

K&M applies its comprehensive approach to risk mitigation for financial institutions, owners, operators and governments. The three-pillar approach has lead K&M’s clients to structure and achieve financial closure for infrastructure projects totaling more than $10 billion.

K&M provides an extensive range of evaluation services to a variety of clients due to our depth of industry understanding, technical and financial knowledge and operational experience. Through years of experience, K&M’s advisors have learned to ask the right questions, understand projects, and make decisions from a wealth of knowledge.

Unlike traditional consulting firms, K&M’s officers,managers and consultants have designed, built and operated utilities. We are aware of the consequences of projects that lack thorough assessment and risk mitigation. We conduct due diligence evaluation with the same excellence and attention to detail that we would for our own projects.

K&M integrates our technical, financial and market experience proactively to the objectives and problems of all levels of its client’s management. This integrated, balanced approach empowers clients to make meaningful decisions with a high degree of confidence.

Santiago Solar 90MW solar power station: K&M served as technical, commercial and market due diligence advisor

K&M's due diligence services include:

  • Technical
    • Site inspections
    • Operations analysis
    • Reviewing financial model inputs
  • Market
    • Demand and supply forecast
    • Market analysis
    • Market modeling
  • Commercial
    • Reviewing project agreements
    • Risk analysis
    • Advising on value creation strategies

Feasibility Studies

K&M has applied its engineering and financial expertise to assess the feasibility of hundreds of infrastructure projects across nearly 50 countries

Azito 288 MW gas power station, Cote d’Ivorie. K&M performed feasibility studies.

K&M has extensive experience providing engineering and financial services for assessing the feasibility of power and water projects. After completing an assessment of a wide range technological options, K&M’s engineers identify a small set of viable technical configurations. Using information from site and resource studies, K&M develops conceptual design and cost estimates while environmental and social experts assess impact and mitigation measures and costs. Simultaneously, legal and regulatory experts identify compliance costs and risks. K&M’s financial experts then integrate all the information in a detailed economic and financial model to determine if the project is economically and financially viable. Once viability is confirmed, K&M’s engineers develop an implementation plan, budget, and the necessary documentation to raise financing and commence construction.

K&M’s feasibility services are characterized by a pragmatic approach grounded in our experience financing, building, and operating infrastructure projects on our own account.

Seven-Forks 40MW solar power station, Kenya. K&M performed feasibility study

Contecar Terminal Port, Colombia. K&M performed power supply options study

Feasibility studies offered by K&M include:

  • Site studies
  • Resource assessment studies
  • Technology assessments
  • Conceptual engineering
  • Technical specifications
  • Project costing and scheduling
  • Environmental and impact assessments
  • Financial and economic modeling
  • Implementation planning

Policy and Regulatory Reform

K&M’s advice is based on our exposure to and successful resolution of similar policy, regulatory and institutional needs as our clients.

Hub 1,292 MW oil power station, Pakistan. K&M advised on IPP enabling policy and regulatory reform

K&M has assisted governments, multilateral agencies, ministries, and utilities throughout the world assess their own policies and regulations. Subsequently, K&M provides policy and regulatory options that promote competitive, efficient market environments while safeguarding the interests of key parties.

K&M’s policy and regulatory services are commonly used by private investors entering new markets, and incumbent investors concerned about policy or regulatory changes. While K&M’s team is not always familiar with local laws and regulations, we are very effective at interpreting the work of local advisors to identify risks and opportunities for foreign investors

Clean Energy Financing Facility, Egypt. K&M advised on the conceptual design of facility

Policy and regulatory advice services offered by K&M include:

  • For governments
    • Identifying policy, regulatory or institutional gaps or bottlenecks
    • Drafting or improve laws and regulations
    • Designing regulatory agencies and procedures
    • Training and capacity building
  • For investors
    • Identifying investment opportunities
    • Identifying and assess legal and regulatory risks
    • Benchmarking performance
    • Developing performance indicators
    • Reengineering and business process improvement
    • Assessing procurement options and procedures

Claims and Litigation Support

K&M provides expert witness services on international arbitration, court proceedings and regulatory assessments.

Pinion Pine 100MW coal power station, USA. K&M provided claims and litigation support

K&M has experience consulting on the investor side of commercial claims and arbitration cases. This experience gives K&M a unique insight on the type of advice or expert testimony needed to win a claim or arbitration. K&M combines its past claims and litigation support experiences with our thorough knowledge of engineering and finance to provide comprehensive advice for litigations, claims, and serving as expert witnesses.

K&M’s claims and litigation support services include:

  • Setting a winning strategy
  • Reviewing technical characteristics
  • Quantifying damages
  • Providing expert testimony

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K&M Advisors, LLC

 

7200 Wisconsin Avenue, Suite 750
Bethesda, MD 20814
United States of America
T: +1 (202) 861-5632
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