K&M served as the Lead Technical Advisor to the International Finance Corporation (IFC) for the tendering of a 2,000 MW ultra-supercritical coal-fired power plant on behalf of Perusahaan Listrik Negara (PLN), the national electric power company of Indonesia. The Central Java IPP transaction was structured as a Build-Own-Operate-Transfer (BOOT) and it was the first PPP power project under Indonesia’s new PPP law. K&M provided full technical advisory services to IFC in support of the transaction, including the following: electricity market forecast, high-level technical design specifications, technical inputs for project contracts including the EPC contract and the PPA, assistance with pre-qualification and bid evaluation criteria, and support for bid evaluation and negotiation. K&M supported the competitive tendering process to select the winning bidder, and the project agreements were signed in 2012. The project reached financial close in June 2016 for US$4.3 billion.