PROJECTS / Rades II 471 MW Power Station

Rades II 471 MW Power Station

Middle East and North Africa

October 22, 2020

The Société Tunisienne de l’Electricité et du Gaz (STEG), chose K&M as the Lead and Financial Transaction Advisor for the Government of Tunisia to implement the first private power project in North Africa. The power facility, called “Centrale 2000,” is a combined-cycle gas turbine developed on a Build-Own-Operate-Transfer (BOOT) basis. K&M was responsible for the entire procurement and transaction process. K&M’s assessed the project’s technical and commercial feasibility, developed an appropriate regulatory framework, managed the international competitive tender process, structured the bid security package and project agreements, and determined the project’s tariff level. Furthermore, K&M provided counterpart training to STEG personnel in the entire international independent private power procurement process; assisted in the technical and financial evaluation of the proposals; provided a sophisticated computerized financial model; and assisted STEG in the negotiation process with the selected bidder/developer. The project reached financial close in 1999 for US$261 million.

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