Photo Credit: Peter Hellberg

William Kappaz, Chairman

William Kappaz currently serves as the Chairman of K&M Advisors.  Mr. Kappaz is also the Chairman and CEO of The Dorado Group—the owner of K&M Advisors.  Mr. Kappaz was previously the President and COO of K&M where he advised on the structuring and development of numerous infrastructure projects around the world including the first ever private power projects in Bangladesh, Colombia, Ivory Coast, Jordan, Senegal, Tunisia, and Vietnam. In addition to his advisory work, Mr. Kappaz has structured, negotiated and invested in numerous power purchase agreements, fuel supply agreements, non-recourse project financed credit facilities, EPC contracts, O&M agreements, and project insurance agreements for more than US$10 billion in projects globally. Mr. Kappaz has developed and published new rules and regulations governing various countries’ energy sectors, unbundled vertically integrated state-owned utilities, and established wholesale electricity markets. His acquisition and financial turnaround of the Termovalle Power Project in Colombia has become a leading example of distressed investing, and its success created the platform for The Dorado Group. He received his B.S. in Finance from the University of Maryland.

Photo Credit: Mitya Ku

Alfonso Guzman, President (Contact)

Alfonso Guzman is the President of K&M Advisors.  Prior to joining K&M, Mr. Guzman was the Managing Director of Castalia’s office in Washington D.C.  He opened this office in 2006 and led its growth thereafter.  Mr. Guzman is an infrastructure investment professional, with 20 years of experience preparing and implementing private-public partnership transactions, as well as developing policies and regulations that enable these transactions. For private clients—including sponsors, private equity investors and lenders—he has advised on origination, due diligence and valuation in infrastructure Greenfield developments, acquisitions or project finance loans. For government clients, he has advised on the development and improvement of PPP programs and the creation of guarantee or financing facilities, as well as in the preparation, implementation and negotiation of PPP transactions. His transaction track record includes deals totaling US$12.2 billion in more than 12 countries, of which US$5.2 billion are for power plants, US$0.3 billion for water and wastewater treatment plants, and US$6.7 billion are for transport projects (roads, mass rapid transit). He holds Bachelor’s and Master’s degrees in civil engineering and a Master’s in business and finance from the London Business School.


Juan José Daboub, Director

Dr. Juan Jose Daboub, PhD, serves as a Director at K&M Advisors and the Vice Chairman at The Dorado Group.  As The Dorado’s Group Vice Chairman, Dr. Juan José Daboub, Ph.D., focuses on development and financing opportunities in the power sector worldwide. He applies more than 25 years of senior executive experience to identify risks, access markets and successfully implement new and on-going challenges/ventures for the company. Dr. Daboub co-owns businesses in Central America and serves on the board of directors of several companies in the United States, Latin America, the United Arab Emirates, and Europe. He is the founding CEO of The Daboub Partnership and the Global Adaptation Institute. As Managing Director of the World Bank from 2006 to 2010, Dr. Daboub oversaw operations in 110 countries in Africa, Asia, the Middle East and Latin America and was responsible for the oversight of the Human and Sustainable Development Networks, the Information Systems Group, the World Bank Institute, the Department of Institutional Integrity, and the Arab World Initiative. Prior to the World Bank, he led the expansion of his family businesses and worked for non-for-profits to promote liberty, stability, and growth throughout Latin America. From 1999 to 2004, Dr. Daboub served concurrently as El Salvador’s Minister of Finance and as Chief of Staff to the President. In these high-profile dual roles, Dr. Daboub helped to navigate his native country through several regional economic challenges including securing and sustaining El Salvador’s investment grade rating, “dollarizing” the economy, and completing a Free Trade Agreement with the United States. He was President of the Electric Distribution Companies (1994-1996) and of ANTEL (1996-1998), the state-owned telecommunications company of El Salvador, which he re-structured and privatized through a competitive and transparent process that also de-monopolized that strategic sector. Dr. Daboub holds a B.S., M.S., and a Ph.D. in Industrial Engineering from North Carolina State University. He is married with four children.

Photo Credit: dimnikolov

Ralph Fairbanks, Director

Mr. Ralph Fairbanks is a Director at K&M Advisors. He has been with the firm for more than 20 years. He has extensive experience in project management and financial analysis, as well as audit and due diligence activities for various asset acquisitions and divestments in the power, water, mining, and forestry industries. He is currently providing commercial advice for the contract structuring and negotiation of a 485 MW repowering and expansion of the Hussein Thermal Power Plant in Jordan. He previously served as lead negotiator and commercial advisor to the Government of Jordan on the Amman East Power Project and the Al Qatrana Power Project. He has been directly responsible for development activities for nearly 4,000 MW of independent power and water projects (IPPs/IWPs) in Latin America, Africa, the Middle East, and Russia. He has expertise in all aspects of infrastructure project structuring, financing, construction, and operation.

Fernando Gonzalez, Chief Financial Officer 

Mr. Gonzalez is K&M’s Chief Financial Officer.  He has more than 18 years of professional experience in the energy and infrastructure industry – combining Big Four accounting firms, Fortune 500 and private equity backed start-up companies. His senior executive expertise, built on complex transactions, financing, and operations, is focused in the global power sector – both in the traditional (gas, coal, hydro) as well as renewable energy (solar, wind, ocean thermal energy). Prior to joining The Dorado Group, Mr. Gonzalez was the founder of FGC Consulting LLC, providing transaction advisory services to infrastructure companies engaged in projects around the world. He also served as CFO for Renew Energies, a development company building inside-the-fence plants using waste heat to generate electricity. Mr. Gonzalez served as Executive Vice President and Chief Financial Officer for ContourGlobal, a power development company based in the U.S., with operations in multiple countries in the Americas, Africa, and Europe. Prior to ContourGlobal, at AES Corporation, a Fortune 500 global power company with operations in 29 countries, he was the Regional CFO for Europe, CIS and Africa and Director of the Restructuring Office and Office of the Integrated Utilities. Before joining AES, Mr. Gonzalez worked for six years in Arthur Andersen’s office in Buenos Aires, Argentina, in the audit and advisory area, primarily for power companies.

Leonid Golbin, Managing Director of Technical Services (Contact)

Mr. Golbin has thirty four years of experience in the power industry in development, engineering, design, and construction of gas, coal, and oil fired power plants, consulting, project management and project development. His work experience includes working on power projects in USA, Jordan, Saudi Arabia, Russia, Belarus, Togo, Ghana, Ivory Coast, Lebanon, South Africa, Colombia, Bangladesh, the Philippines, Indonesia, Vietnam, Georgia, Bulgaria, and many others. Mr. Golbin has advised commercial and multilateral lending institutions on power project development, preparation of requests for proposal and development of private power projects in developing countries. He has participated in preparation of feasibility studies, conducting site selection, size optimization, fuel selection and strategic options for a variety of power projects including leading edge clean coal technologies. He has developed energy efficiency programs, performed due diligence reviews, contract analysis, economic and financial modeling, tariff calculations, power plant environmental impact analysis and mitigation, drafting and negotiating power purchase agreements and fuel supply agreements, development and design of cogeneration systems and conceptual and detailed design of different power plant systems and equipment. Mr. Golbin holds MS Degree from Belarusian Polytech University and is a registered professional engineer in Maryland, Virginia, and the District of Columbia.

José Kappaz, Resident Manager, Colombia

Mr. Kappaz leads K&M Advisors’ office in Colombia. He is an expert in project management and quality control. Previously, he was responsible for day-to-day management of three major power projects in Colombia, developed, constructed, owned and operated by a former K&M affiliated company. Moreover, he managed the Colombia side of activities leading to financial close of those transactions, provided logistical support for construction activities, served as in-country liaison during start up and operation, and provided oversight for the operation and management contracts. In addition, Mr. Kappaz served as legal representative to KMTel, assisting the company to develop a new private digital telecommunications system in Cartagena. Prior to joining K&M, he was a senior corporate executive, private practice attorney, independent businessman and professor. J.D., Law, University of Cartagena.