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.