Structured Finance Energy (FMO) and Swedfund engaged K&M to perform a technical, environmental, and social review of their investment in the proposed Buchanan Renewables 35 MW biomass project in Liberia. The purpose of the review was to update and expand upon K&M’s earlier assessment of the project from 2009, using the most recent data available. K&M was responsible for preparing a technical report and an environmental and social due diligence report. K&M’s technical report included a technical and commercial evaluation of all project agreements (PPA, EPC contract for both the plant and transmission line, concession agreement, and O&M agreement) and an assessment of the sponsor’s financial model. In conducting environmental and social due diligence, K&M visited the site, interviewed local stakeholders, and reviewed all available certifications, permits, and previous impact assessment reports. K&M identified a number of gaps in the project’s environmental and social impact management plan and made recommendations to FMO and Swedfund for how to address these issues.