K&M assessed privatization opportunities and developed an innovative financing mechanism for promoting the development of private mini-hydro projects in Armenia. K&M’s scope of work included: Assessing several hydro sites for their potential to be developed on a private basis; participated in World Bank and USAID approved Consultative Group assistance efforts; completed an institutional constraints analysis pertaining to private investment in the power sector; and developed an innovative financing mechanism for promoting the development of private mini-hydro projects.

K&M was engaged by the World Bank to serve as project advisor on transmission and distribution rehabilitation project. K&M’s work included preparing the business plan for the newly formed Yerevan Distribution Company; preparing an evaluation report of the recently completed small hydroelectric plant privatization process; and overseeing the preparation of other documents and analyses required for World Bank project appraisal.