K&M was engaged by the AIG African Infrastructure Fund (AAIF), an affiliate of the Emerging Markets Partnership (EMP), to conduct due diligence of the Uganda Electricity Distribution Company. K&M prepared an independent review of an existing technical due diligence report by Stone & Webster, commented on the report’s completeness, and evaluated the report’s conclusions and supporting technical evidence. K&M identified potential risks for investors and recommended specific areas for further due diligence efforts.