K&M was engaged by USAID to serve as IPP consultant for the private sector rehabilitation, lease and operation of the 100 MW San Francisco Private Power Project in Panama City. K&M assisted the Institución de Recursos Hidraúlicos y Electrificación (IRHE) by identifying changes to the legal and regulatory framework needed to enable IPPs, preparing the bid documents, and drafting project agreements. The project agreement became the model document for attracting private sector participation in the energy sector and provided the initial framework for power sector reform in Panama.