K&M was retained to perform technical, commercial and market due diligence for the asset purchase and cross-border lease transaction of the 328 MW Altenwörth Hydro Power Plant. The plant entered commercial operation in 1976 and is owned by Verbund. K&M’s scope of work included: review and comment on engineering due diligence report, power purchase agreement, financial appraisal report, and service contract and lease agreement; review pool of qualified bidders and operators; and conduct energy market study of the European and Austrian electricity market.