PROJECTS / Kelanitissa 163 MW Power Station

Kelanitissa 163 MW Power Station

South Asia

October 22, 2020

K&M served as IPP project structuring and development consultants to Sri Lanka’s Board of Infrastructure Investment (BII) under a USAID-funded program. Working with counterparts from the Ministry of Irrigation and Power and Ceylon Electricity Board, K&M evaluated proposals received from private developers for a proposed 163 MW diesel-fired combined cycle gas turbine power plant. K&M’s IPP services included serving as resident technical, financial and economic advisor to the BII; preparing detailed financial model, tariff structure and sensitivity analysis, assisting in preparation of the Request for Proposal; analyzing and evaluating technical and commercial proposals providing counsel on negotiation of the project agreements, and training of BII staff in financial analyses of infrastructure projects. The $104M project was awarded to AES Kelanitissa (Pvt) Limited which provided bridge financing to initiate construction. Commercial operation in 100 MW open-cycle mode started anticipated in 2002 and in combined-cycle mode in 2003. Financial close was achieved in 2001.

IPP Advisor for Contract Renegotiat

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