IFC Awards K&M Mandate for the Privatization of over 1,000MW of Power Generation Assets in Pakistan

The International Finance Corporation (IFC) is assisting the Privatization Commission of the Government of Pakistan with the privatization of over 1,000MW of thermal power generation assets held by a government-owned company. 

K&M will support the IFC by conducting a complete technical review of the existing power plants, including assessing the plants’ physical conditions, operational performance, and the scope for capital improvements. K&M will also perform environmental and social due diligence to identify major issues relating to the proposed transaction structure and sale, and identify mitigation options. K&M’s due diligence will also cover market analysis and assistance with inputs to the financial model, bid documents, and the bid evaluation process.

Through this assignment, K&M will continue to build upon its rich experience in Pakistan’s power sector, spanning more than two-decades from K&M’s leadership in the development of the Hub River Project (Pakistan’s first IPP) to K&M’s current role as Lender’s Engineer for the Rousch Power Plant.