K&M is supporting Marinus Energy, a special purpose vehicle, that will finance, build and operate the Atuabo greenfield power plant in Ghana under a 20-year Power Purchase Agreement (PPA) with the Electricity Company of Ghana. The project will have an initial generating capacity of 31 MW and potential for expansion to a total of 93 MW ISO if two more gas turbines are added. The plant will generate electricity from fuel gases produced from the natural gas processing plant at Atuabo, which is operated by the Ghana National Gas Company (GNGC). The plant complements the operations of the Atuabo Gas Processing Plant (GPP) by utilizing some of the by-product natural gas liquids produced by the GPP that are currently being flared.
K&M will support Marinus Energy with financial modeling and project contract negotiations. More specifically, K&M will incorporate final price proposals and assumptions into the financial model for major project parameters such as tax waivers; debt equity structure; Operation and Maintenance costs; debt terms and coverage ratios, and construction period costs. K&M will also support negotiations with third parties to establish final pricing to be embodied in major project agreements such as the EPC contract and operational service agreements.