Electricity of Vietnam (EVN) contracted K&M as the Lead and Financial Transaction Advisor to assist with regulatory reforms of the power sector and the implementation of the country’s first Build-Own-Transfer (BOT) PPP in the power sector. K&M assessed Vietnam’s power sector and regulatory environment and provided technical and financial recommendations for developing a viable power project. On behalf of EVN, K&M developed and implemented an international competitive bid process, including drafting the project security agreements for the selection of a developer, sponsors and investors. K&M evaluated the proposals, played a lead role in the negotiation process, and executed project contracts and agreements through to financial close. The project reached financial close in 2002 for US$480 million.