Amman East 370 MW Build-Own-Operate (BOO) Power Station
Middle East and North AfricaOctober 22, 2020
K&M served as Lead and Financial Transaction Advisor to The Hashemite Kingdom of Jordan, Ministry of Energy and Mineral Resources (MEMR). K&M assisted with structuring and tendering a 370 MW gas-fired combined cycle plant on a Build-Own-Operate (BOO) basis. The K&M team provided financial, legal, and technical support in site selection for this project, developed the international competitive bid tender documents, managed the bidding and selection process, and concluded contractor negotiations through financial close. An updated electricity demand study was reviewed and finalized by K&M. In addition, a risk assessment and financial sources assessment were prepared. The resulting RFP was issued to a group of bidders previously pre-qualified by K&M. After receiving and evaluating the proposals, K&M recommended a developer for negotiations. The K&M team then assisted MEMR with the negotiations of the project agreements with the successful bidder. The project reached financial closure in March 2007 for a total of US$300 million.