NEPCO is developing a 600 MW gas-fired combined cycle power plant to be added to the Jordanian generation fleet and initially engaged K&M to perform technical studies to define the technical parameters of the plant. The study since then was approved, and NEPCO engaged K&M so assist them in organizing competitive bidding for selecting a private investor for developing the project as an IPP under a 25-year Power Purchase Agreement (PPA).

K&M will develop a pre-qualification document and manage the pre-qualification process to select pre-qualified bidders As the next step, K&M will develop a tender document and draft project agreements, including the PPA, Implementation Agreement, Land Lease Agreement, and Water Supply Agreement, and then manage the bidding process, responding on bidders clarification questions and conducting a pre-bid meeting. Upon receipt of the bidders’ proposal, K&M will perform technical and financial bid evaluation, recommend the winning bidder, and then assist NEPCO during negotiations of the project agreements and financial close.

The energy regulator of the Cayman Islands is planning to issue a Request for Proposal (RFP) for the development of a new thermal power plant in Grand Cayman, with an expected capacity of approximately 36.5 MW. CUC will serve as the off-taker for the power generated by the selected Independent Power Producer (IPP). K&M will support CUC by developing a draft Power Purchase Agreement (PPA) tailored to the thermal IPP project.

K&M is supporting CUC by preparing a draft Power Purchase Agreement (PPA) for the project, including identifying and recommending the allocation of responsibilities and risks between CUC and the IPP. As part of this work, K&M will adapt CUC’s existing thermal PPA to reflect project-specific requirements and will also review the Interconnection Agreement.

The Government of Morocco intends to increase the country’s energy security by reducing its dependence on imports and diversifying its sources of natural gas imports. The Moroccan Ministry of the Energy Transisiton and Sustainable Development has contracted the International Finance Corporation (IFC) to assist in the design and tender of an LNG import and regasification terminal and related downstream infrastructure. This includes a sustainable LNG import terminal in the port of Nador West Med, a gas pipeline to connect the terminal to the Maghreb – Europe Gas Pipeline (GME) to the south (140km), and a gas pipeline to connect the industrial zone in Mohammedia to the GME to the west (220km). In May 2024, IFC retained Rogan Associates to provide engineering services related to the infrastructure design and feasibility studies for the LNG import terminal and pipeline project. Rogan Associates retained K&M Advisors LLC to review and comment on the feasibility study and related reports for the project.

In this assignment, K&M is tasked with several key responsibilities. Firstly, K&M will review and provide feedback on various critical documents, including the inception report, draft final report, final report, and the technical inputs to the bidding documents. Additionally, K&M will participate in calls with the International Finance Corporation (IFC) as requested by the Client, ensuring consistent communication and alignment on project objectives and deliverables.

The U.S. Trade and Development Agency (USTDA) is sponsoring the Global Procurement Initiative: Interstate Clean Energy Procurement Program for India. This program consists of multiple activities a virtual workshop, which will train participants on clean energy procurement practices.
The workshops are designed to investigate how to integrate best-value determinations and international best practices in public procurement for India’s clean energy sector. The trainings will specifically explore value-based procurement mechanisms designed to achieve optimal results from public procurements in the energy sector using advanced value and quality-based procurement methods. The aim of the workshops is to improve technical capacity in developing technical specifications, utilizing life-cycle cost analysis (“LCCA”), and creating non-price criteria for evaluation factors. This Program will also provide a platform for cross-border knowledge sharing in the procurement of renewable energy.
K&M was engaged by the Business Council for International Understanding (BCIU) to develop and deliver USTDA-funded training sessions on international procurement best practices and practices to achieve value for money in the clean energy sector. K&M delivered two webinars listed below, including (i) preparation of presentation slide decks, (ii) development of responses for prospective Q&A, and (iii) conducting each webinar:

• Bidding Process for the Procurement of Power: This session discussed bidding process for the procurement of renewable energy in India, covering the regulatory framework and guidelines, power market structure, and modes of procurement, and comparison with examples in emerging markets.
• Variable Renewable Energy Power Purchase Agreements: This session discussed overview of PPA for procurement, key obligations and clauses in PPA, and considerations for developing a bankable PPA for VRE and ESS projects.

Guam Power Authority (GPA) procured a 198 MW Ukudu combined cycle power plant on an IPP basis. The plant is expected to enter commercial operation in third quarter of 2025 and will initially operate on Ultra Low Sulfur Diesel. GPA intends to develop an LNG terminal to convert the Ukudu plant to operate on natural gas. K&M was retained as a lead consultant to assist GPA in conducting LNG terminal technical and commercial feasibility analysis, and, if proven feasible, to assist in procurement of the LNG terminal and negotiating as gas supply agreement.

Currently, K&M works on the Phase 1 of the project, which includes such tasks as estimating the LNG demand, analyzing source and delivery options, selecting the preferred site and configuration for the LNG terminal and developing terminal conceptual design and cost estimate. The scope of work also includes analysis of the possible business models, financial analysis, determining project feasibility and developing recommendations on whether to proceed with procurement of the LNG terminal. If GPA decides to proceed, K&M will assist GPA in procurement of the LNG terminal and LNG, negotiating a gas supply agreement, and overseeing work during the LNG terminal implementation.

K&M was hired by the Caribbean Development Bank (CDB) to provide expert consultancy services to Wigton Windfarm Limited (WWF) in its strategic application to the Office of Utilities Regulation (OUR). This collaboration is aimed at supporting WWF’s case for the re-powering of its Phase-I equipment. In this assignment, K&M was tasked with creating a detailed report for the WWF, under the commission of the CDB, to support WWF’s re-powering proposal before the OUR. The report aimed to provide a robust argument for special consideration of WWF’s project, addressing OUR’s concerns about the proposed PPA price, efficiency gains, and the broader implications of the project’s approval. K&M’s role involved presenting market research to underscore the financial model and PPA pricing suggested by WWF, justifying the financial assumptions against market dynamics, and directly responding to the OUR’s feedback. Additionally, K&M proposed a structured methodology for the OUR to evaluate WWF’s and similar future re-powering projects, considering their strategic significance to the national energy landscape. This comprehensive approach was designed to facilitate understanding and alignment between WWF’s objectives and the OUR’s regulatory standards, paving the way for informed decision-making regarding the re-powering initiative.

K&M was engaged by KBR on a time and materials basis to assist the Singapore government in finalizing the Request for Proposals (RFP) and its annexes for Phase 1 of the Clean Ammonia Project. As a subconsultant, K&M’s role is to provide expert advisory and modeling services specifically related to the commercial aspects of the RFP. K&M reviewed the RfP and the commercial annexes and provided recommendations to the Government.

K&M Advisors was contracted by KBR to support the Singapore Government in designing the commercial aspects of an RfP process to contract a clean ammonia project. The scope of work included advise on the project structure, incentives, RfP drafting, and evaluation criteria. In particular, K&M evaluated potential Public-Private Partnership (PPP) models suitable for the project. This task was comprehensive and involved assessing various candidate PPP models, summarizing each option, and detailing their respective advantages and disadvantages. K&M made recommendations on the most suitable PPP models. These recommendations considered aspects like government funding, ownership options, their implications under various timing scenarios, and related termination and buyout concepts.

In addition to PPP model assessment, K&M Advisors was tasked with identifying relevant funding support mechanisms and incentives. This part of their role focused on analyzing these mechanisms and incentives in terms of their feasibility and the potential impact on the project. They were also responsible for explaining the pros and cons of each option, thereby aiding the decision-making process. This included providing expert advice on the application of the Contract for Difference (CfD) concept for the project. This involved presenting case studies of commercial or market structures, such as CfD, and analyzing their effectiveness. The firm was also responsible for assessing and recommending whether CfD or an alternative model would be the most suitable for the project’s needs.

Lastly, K&M Advisors offered guidance on integrating key funding and commercial structure parameters into a Request for Proposals (RFP). This guidance was to be presented as high-level guidelines in the form of a PowerPoint presentation. They advised on RFP market regulation clauses, evaluation matrices, and questionnaires, aiming to enable a fair comparison of proposals. Their advice also included best practices for apportioning costs related to power generation, bunkering, and common infrastructure.

Through these comprehensive services, K&M Advisors aimed to equip the client with a thorough understanding of the various aspects of funding, partnership models, and commercial structures crucial for the project’s success.

A large renewable energy developer engaged K&M to provide strategic, market, and regulatory services to support its preparation in submitting an initial non-binding expression of interest to invest a minimum of US$50 million of equity in facilitating the growth of a battery energy storage solution provider and technology company that combines its proprietary software with end-to-end project delivery for C&I and generation customers across Latin America.

As part of the project, K&M completed the following tasks:

• Review relevant materials provided in the data room for Round 1 and recommend clarification questions for the sell-side advisors
• Provide quantitative and strategic analysis and participate in discussions designed to reach a decision regarding participation in the investment process. The analysis was focused on the attractiveness of core markets, the attractiveness of other selected markets, regulatory changes and risks, assessing and commenting on key investment criteria, identification of any key critical commercial and regulatory market risks and opportunities with respect to target markets, pillars for growth and uses of funds, and review of relevant technologies.

Review and comment on the sell-side financial model, with expected targeted returns from an investment in the company and targeted return and valuation for the AssetCo business model.