K&M served as privatization and institutional reform consultants to the Government of the Dominican Republic and the state-utility, Comisión Dominicana de Electricidad (CDE) under a USAID/World Bank-sponsored program. Subsequently, K&M served as transaction advisor for the proposed San Pedro de Macorís thermal plant IPP. During Phase I K&M evaluated the existing legal, regulatory and institutional framework and provided recommendations on power sector reforms and privatization strategy to facilitate private investment. During Phase II K&M evaluated the technical and financial issues associated with the tender, evaluation and award of the proposed San Pedro de Macorís 300 MW power plant. K&M conducted a fuel pricing (coal and fuel oil) and transportation study, outlined procedures for drafting, tendering and evaluating the RFP procurement documents, and drafted model security package agreements. K&M assisted the CDE to issue the RFP and evaluate bid submissions. The San Pedro de Macorís project consisted of a proposed 300 MW thermal plant, switchyard, 138 kV double circuit high voltage transmission lines and support facilities. The project reached financial close in 2000 for US$318 million.