K&M Advisors Annual Retreat in Annapolis
K&M Advisors recently held its annual team retreat in Annapolis, continuing a valued tradition of bringing the team together for two days of collaboration, reflection, and connection.
During the retreat, the team discussed priorities for the year ahead, including strategic growth initiatives, lessons learned from the past year, and ways to further enhance the value delivered to clients. The sessions focused on setting clear goals, strengthening internal alignment, and identifying opportunities for continuous improvement.
Beyond the structured discussions, the retreat also provided time for team bonding and building stronger relationships across the firm. This year’s highlight included a sailboat outing on Chesapeake Bay, where the team enjoyed the scenic views, pleasant weather, and a chance to unwind together.
The Annapolis retreat remains an important opportunity for K&M to align its vision, reinforce its culture, and strengthen the teamwork that drives its continued success.
K&M Advisors is proud that its involvement in the seventh IPP in Jordan has contributed to achieving a key development milestone—the approval by the Cabinet, as reported by the Jordan News Agency (Petra). The project focuses on the development of a new 700 MW combined cycle power plant, which will help strengthen the Jordanian electric power system and meet increasing electricity demand through a public-private partnership framework. K&M provided advisory support to help advance the project toward the implementation phase. This milestone contributes to the continued progress in strengthening critical infrastructure across the country.
For further details, please refer to the full article:
https://petra.gov.jo/Include/InnerPage.jsp?ID=83318&lang=en&name=en_news
K&M Advisors is pleased to announce its engagement by a major data center developer to support the design and procurement of a dedicated, on-site power solution for a new facility in central Texas.
The project is intended to provide a reliable and continuous source of electricity to meet the operational requirements of the data center. The plan is to build a natural gas power plant with an initial capacity of about 400 MW to supply electricity directly to the facility. The plant will be developed and operated by an independent power producer under a long-term power purchase agreement with the developer.
K&M Advisors is supporting the project across the full development and procurement process. This includes defining the technical requirements for the power solution, preparing the Request for Proposals to invite qualified developers, and drafting the power purchase agreement to establish clear terms between the parties.
K&M Advisors is also supporting the evaluation of proposals and assisting in the selection of the preferred independent power producer. Through this role, K&M Advisors is helping to ensure a clear, structured, and competitive process for identifying and securing the project partner.
This engagement reflects K&M Advisors continued work in supporting clients in the development and procurement of reliable power solutions for large-scale infrastructure projects.
K&M Advisors recently led a national workshop in São Tomé and Príncipe to support the country’s efforts to enhance the reliability and affordability of its electricity supply. The workshop convened government officials, national stakeholders, and technical experts to present and discuss the findings of a World Bank–commissioned study conducted by K&M Advisors in collaboration with Haskoning, assessing the technical and economic feasibility of transitioning from diesel to natural gas for power generation.
Currently, the majority of the country’s electricity is generated using imported diesel fuel, which is costly and contributes to volatility in generation expenses. The study found that alternative fuels, such as natural gas, could reduce fuel costs by nearly 50 percent, thereby alleviating pressure on public finances while improving the stability of the power system.
In addition to the technical and economic analysis, the study included a market readiness assessment examining key pillars for successful implementation, including market interest, credit enhancement mechanisms, and government support frameworks.
The workshop emphasized practical next steps, including measures to prepare for potential private sector participation in gas supply and power generation, as well as strategies to integrate natural gas alongside expanding renewable energy resources.
This initiative supports São Tomé and Príncipe’s broader objective of developing a more reliable, affordable, and sustainable electricity system over the long term.
To learn more about the national dialogue and the study’s findings, please read the original article here:
K&M Advisors is pleased to announce our engagement as Transaction Advisor for Jordan’s next ~700 MW Combined Cycle Gas Turbine (CCGT) Independent Power Project. This new assignment further strengthens K&M’s long-standing partnership with the National Electric Power Company (NEPCO) and the Government of Jordan in advancing reliable, cost-effective generation infrastructure.
Under this engagement, K&M will provide comprehensive transaction advisory services across all stages of project development and procurement. K&M’s scope includes conducting a detailed site suitability assessment to evaluate multiple location options based on fuel supply access, transmission evacuation capability, water availability, land requirements, environmental factors, geotechnical conditions, and regulatory considerations. K&M will prepare the full set of RFQ and RFP documents, including bankable draft project agreements tailored to international best practices and reflective of Jordan’s regulatory and commercial environment.
As part of the competitive tender process, K&M will manage market outreach, oversee communications with potential sponsors, coordinate bidder meetings, and prepare clarifications and addenda as required. K&M will lead the technical, commercial, legal, and financial evaluation of proposals using a transparent and structured methodology, ensuring fair comparisons and robust tariff assessment. Following bid evaluation, K&M will support NEPCO throughout contract negotiations, revising project agreements to reflect negotiated outcomes, analyzing impacts on risk allocation and tariff levels, and guiding the process through to final agreements and financial close.
This new project represents K&M’s seventh CCGT/IPP transaction in Jordan, marking more than a decade of continuous advisory support to the country’s power sector. Five of these projects have successfully reached financial close and entered commercial operation, demonstrating the effectiveness of K&M’s advisory approach and the strength of Jordan’s IPP procurement framework. The other two are currently under procurement or negotiation. K&M continues to support IPP7, and we are honored to have been awarded IPP8, reaffirming our position as a trusted partner in shaping Jordan’s future generation capacity.
K&M remains committed to delivering advisory solutions that enhance project bankability, attract competitive private investment, and support the long-term reliability and sustainability of Jordan’s power system. We look forward to contributing to another successful IPP that will expand the country’s generation portfolio and deliver enduring economic and sectoral benefits.
K&M is expanding its advisory work in the transmission sector, helping both public and private sector clients develop grid infrastructure projects in Sub-Saharan Africa with focus on affordability, bankability, and value for money.
Grid expansion and strengthening is becoming increasingly important for unlocking electricity access and economic growth in the region. Our focus is on developing successful transaction procurement pathways and project structures including public-private partnerships (PPPs), to reduce the public sector financial burden.
K&M’s transaction advisory on transmission and energy storage projects is part of our ongoing commitment to strengthening regional connectivity and promoting reliable access to electricity across Africa.
K&M Advisors has added a seventh island to the list of island nations that request K&M’s advice on their transition from Diesel to natural gas. K&M has been engaged to support the Government of São Tomé and Príncipe (GoSTP) in its transition from diesel power generation to more reliable, cost-effective, and lower-emission natural gas power generation. Funded by the World Bank, the national Project Fiduciary and Administrative Agency (AFAP) commissioned K&M to carry out a feasibility study on liquefied natural gas (LNG)-based electricity generation solutions.
The assignment consists of two phases. In the first phase, K&M is evaluating the technical and economic viability of various LNG-to-power options. This includes assessing gas demand and power generation needs, identifying potential LNG supply sources, and analyzing marine transit logistics, terminal siting, and regasification infrastructure. The team is also developing preliminary configuration scenarios for LNG import and power generation, estimating capital expenditures, and calculating levelized costs to compare LNG to alternative generation options.
Phase II will support GoSTP in procuring the recommended LNG solution. This phase will involve developing a procurement strategy, defining the business model, identifying institutional and contractual arrangements, and preparing the scope of work for LNG supply and infrastructure development.
K&M Advisors is proud to announce its recent selection by Jordan’s National Electric Power Company (NEPCO) to serve as the Transaction Advisor for a new approximately 600 MW combined-cycle gas turbine power plant in northern Jordan. The scope of work will include assisting NEPCO in preparing the Request for Proposal and draft project agreements, organizing competitive bidding, bid evaluation, and assisting in negotiations with the selected project developer. Previously, NEPCO awarded K&M an assignment to perform technical studies for this project, including the project site selection and configuration analysis. The fact that NEPCO awarded this important project to K&M is a testament to the high-quality transaction advisory work performed by K&M on five previous IPPs in Jordan and NEPCO’s satisfaction with the depth and quality of the analysis conducted by K&M.
K&M also continues its’ long and successful history of working for another Jordanian client, Samra Electric Power Company, by receiving an award for two technical studies, analyzing an impact of gas turbine upgrades on the balance of plant equipment at Samra and Rehab combined cycle power plants.
Since 1997, K&M has worked on 9 large power generation projects in Jordan, including transaction advisory services on 5 IPPs for MEMR and NEPCO, 3 Owner’s Engineer assignments for SEPCO, and an Independent Engineer Assignment for the Attarat Project. This new assignment presents a new chapter in K&M’s extensive contribution to the Jordanian power sector.
K&M recently attended the Powering Africa Summit in Washington D.C., which was well attended by ministerial delegations, utilities, developers, and other private and public sector stakeholders in Africa’s energy sector. It was great to reconnect with old friends and meet new colleagues to discuss the importance of private sector involvement for energy access and advancing the US-Africa partnership. We look forward to continuing to support Africa’s power sector with K&M’s integrated technical, policy and transaction advisory expertise focused on bringing projects to fruition.
#PoweringAfrica #energytransition
K&M Advisors is proud to add another island to the list of islands where K&M is advising on energy transition. In this case, K&M is supporting the Guam Power Authority’s (GPA) transition towards lower costs and cleaner energy through the development of critical LNG infrastructure for the island’s Ukudu Combined Cycle Power Plant.
Under this contract, K&M Advisors is leading a team, including GHD (marine experts) and CH-IV (gas experts), advising GPA on the technical and commercial feasibility of developing an LNG import solution to supply natural gas to the 198 MW Ukudu power plant. The Ukudu plant will be commissioned in 2025 and will run on Ultra-Low Sulfur Diesel until natural gas is available. K&M’s scope of work includes a thorough demand analysis, sourcing and delivery options, site and configuration selection, conceptual design, and cost estimates for the LNG import solution. Additionally, K&M will assess possible business models and financial viability to ensure a robust foundation for the project. If the feasibility is confirmed, we will support GPA in procuring the terminal, negotiating a gas supply agreement, and overseeing the implementation phase.
Like other island economies undertaking energy transition plans, Guam has set ambitious renewable energy goals that would gradually displace thermal generation. This makes K&M’s work more challenging. The LNG/gas supply solution that GPA would develop needs to be commissioned as soon as possible to maximize fuel cost savings from switching from USLD to natural gas. However, this solution also needs to be flexible to accommodate a decreasing gas demand as renewable energy generation increases. The LNG/gas solution would also need to accommodate potential delays in the implementation of renewable energy projects or climate changes that result in higher electricity demand or lower renewable energy generation.
K&M has developed a set of tools to manage these challenges. For example, develop a gas demand forecasting model that estimates gas-fired power plant hourly dispatch for each year through 2050, considering factors such as electricity load, hourly generation from renewable sources, BESS charge and discharge, and the plant’s availability and heat rate curves. K&M’s model evaluates scenarios based on realistic assumptions on critical variables like renewable energy penetration. Similarly, K&M has developed contract provisions that ensure that GPA does not commit to onerous take-or-pay obligations but that the gas supplier recovers its fixed costs as volumes decrease. These and other tools developed by K&M are enabling the viability of LNG in small islands like Guam with ambitious renewable energy goals.