Adapazari 800 MW Power Station
K&M was engaged to do the technical and financial due diligence in preparation of the bid for the 800 MW Adapazari IPP project. The Adapazari project has 2 X 1 configuration with 2 X 260 MW gas turbines and one 280 MW steam turbine. K&M’s due diligence work included: evaluation of the technical parameters of the facility, its engineering, design, procurement and construction costs, its startup and operating costs, construction schedule, tariff rates, capital and operating costs, environmental issues, financing, and other items.
K&M was engaged to do the technical due diligence and provide inputs to develop an indicative bid for the Bursa 67 MW gas fired power plant with 145 tph of steam. The project also included a 34.5 kV switchyard and 2 km of transmission line. K&M’s technical due diligence included all site and infrastructure requirements, all equipment and materials for construction, all equipment and units for the facility, freight, EPC costs, insurance, labor, spares (for 1 year), working capital, permitting costs, financing costs, contingency, and all other required items for scheduling and costing. During the analysis K&M recommended looking at the base case and three additional options, based on different MW and steam generation scenarios, and equipment variations. Power would be sold to the Turkish Electricity Authority (TEAS).
K&M led the development of a 2×325 MW thermal plant on a Build, Operate and Transfer (BOT) basis in Aliaga near the Izmir refinery. The lead sponsor, Xenel Industries Ltd. of Saudi Arabia, selected K&M based on their similar experience in the Hub River project in Pakistan that was also sponsored by Xenel Industries. K&M undertook a technical and financial evaluation of the Aliaga facility including reviewing of all of the technical parameters, environmental assessment, and project financial evaluation. K&M also performed project risk evaluation and suggested mitigation measures. K&M took the lead role in negotiating the commercial and technical terms for various agreements, including the Fuel Supply, EPC Contract, Energy Sales and the Implementation Agreement. Additionally, K&M structured the financial terms and credit agreements for the project.