PROJECTS / Covert CCGT Due Diligence
Covert CCGT Due Diligence
North AmericaOctober 22, 2020
K&M was engaged to carry out due diligence services for EIG Global Energy partners (U.S. private equity fund) on a potential investment in a 1200 MW CCGT plant in Covert, Michigan. K&M reviewed project agreements, including the O&M, PPA, and fuel supply, historic and planned operation, maintenance, and cost records, evaluated technical inputs to the financial model against historic records and project agreements, and suggested adjustments. K&M also identified technical risks and issues, proposed mitigating measures, and prepared a report with its findings and recommendations.