K&M was engaged by a private investor to assist with a comprehensive technical and commercial due diligence to assess and value a potential acquisition of four power generation assets in Jamaica and Panama. The assets are HFO-fired reciprocating engines totaling 243.5 MW of capacity, of which 190 MW is contracted under PPAs in Jamaica and 53.5 MW operates in the Panamanian power market.
K&M was tasked with reviewing all technical and commercial aspects of the plant’s operations and with building a project finance valuation model to value the assets. K&M evaluated the technical performance of each power plant, which included engineering reviews of all operations, maintenance, and performance documentation and conducting on-site inspections of the plants. K&M built and delivered a project finance model of the assets, which included deriving and verifying all financial, commercial, and operational inputs, performing sensitivity analysis, and supporting the acquisition team with the determination of the client’s final and binding offer for the assets.