K&M served as the Lead and Financial Transaction Advisor to the Senegal electric utility (Senelec). On behalf of Senelec, K&M structured and tendered the 67.5 MW Kounoune diesel power plant as a Build-Own-Operate (BOO) transaction. K&M assessed the project’s regulatory environment, size requirements, technology configuration, site layout, fuel supply and water needs, and other technical operating requirements. Following the feasibility work, K&M prepared all project contracts and bidding documents for the Request for Proposals, including the PPA, fuel supply agreement, and Implementation Agreement. K&M also assessed the project’s commercial risks and developed the project financial model to be used in the bidding process. After issuing the RFP, K&M managed the competitive bidding process and performed all of the bid evaluations. K&M selected the winning bidder and led negotiations on behalf of Senelec through to financial close. The project reached financial close with the African Development Bank (AfDB), International Finance Corporation (IFC), West African Development Bank (BOAD), PROPARCO, and CBAO in July 2006 for a total of €48 million (US$61 million).