PROJECTS—PROJECT FINANCE ADVISORY
K&M's project finance advice has led to 24 IPPs that reached financial closure.
A good example of this work is the Phu My 2.2 power plant in Vietnam. The Ministry of Industry in Vietnam competitively selected K&M as its lead advisor to structure and procure a Built-Operate-Own (BOT) contract for the Phu My II, Phase II (Phu My 2.2) 715MW combined cycle gas-fired power plant. This plant was the first competitively procured thermal power project in Vietnam. The BOT structure developed by K&M attracted proposals from six international consortiums representing 20 companies. After the contract was awarded to a consortium led by Electricité de France (EDF), K&M was retained by Electricity of Vietnam (EVN) to assist in the negotiations with EDF. The project reached financial closure in October 2002 and received the Project Finance “Best Project Finance Deal of the Year” award. The project was recognized for its innovative financing structure, sound credit, and strong support from the Vietnamese Government.
K&M has also advised governments and investors in Bangladesh, Colombia, Dominican Republic, Egypt, Ghana, India, Indonesia, Ivory Coast, Jamaica, Jordan, Lebanon, Nigeria, Oman, Pakistan, Philippines, Saudi Arabia, Senegal, Togo, Tunisia, and Vietnam.