K&M was engaged by the Lenders to the 190 MW Old Harbour power plant to provide Independent Valuation services. K&M’s engagement is with JCSD—the trustee appointed by the Lenders. The lead Lender is the National Commercial Bank of Jamaica. K&M will calculate during the construction and operating periods the loan-to-value (LTV) ratio of the project. During the operating period the value will be estimated using a discounted cashflow (DCF) approach using the Financial Model agreed at financial close, adjusted based on K&M’s review of the Project Documents and reports at the time of valuation.