PROJECTS / Buchanan Renewables 35 MW Power Project

Buchanan Renewables 35 MW Power Project

Sub-Saharan Africa

October 22, 2020

K&M was engaged by the Overseas Private Investment Corporation (OPIC) to perform technical and commercial due diligence for the provision of a project finance loan to Buchanan Renewables to develop a 35 MW biomass-to-power project in Liberia. The project would involve harvesting non-productive rubber trees to produce wood chips for fueling the on-site biomass plant and for export overseas. The company would also support the planting and tending of new rubber trees to replace the harvested crop and revitalize future local rubber production. K&M evaluated the project’s potential technical and environmental risks that could lead to delays, cost overruns, operations shortfalls, and other events which would impact the project’s service of the OPIC loan. K&M’s performed a technical review of the proposed concession agreement, power purchase agreement, and EPC contract. K&M also assessed the project’s commercial risks and reviewed environmental and social impact reports for compliance with OPIC requirements.

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