PROJECTS / Somanga-Fungu 250 MW Power Station

Somanga-Fungu 250 MW Power Station

Sub-Saharan Africa

October 22, 2020

K&M served as the Lead Transaction Advisor to TANESCO for the procurement of the Somanga-Fungu 250 MW CCGT power plant as a Public Private Partnership (PPP) using an Independent Power Producer (IPP) arrangement. K&M was responsible for leading and implementing all phases of the transaction on behalf of TANESCO which included a project feasibility study.
K&M conducted the project feasibility study, including technical and commercial viability assessments. Following the feasibility study, K&M evaluated siting and technology options as well as procurement options, performed economic and financial analysis, conducted initial environmental screening of the project, selected the best procurement option, and determined the optimal risk allocation structure. K&M conducted a market sounding with potential investors, prepared the Request for Qualifications document, and conducted training on IPP development for TANESCO management. The project did not go into procurement stage due to a change in political climate in Tanzania.

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NiQuan Energy Trinidad Limited GTL
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