The International Finance Corporation (IFC) contracted K&M to support Sedapal, the water and sanitation utility responsible for providing service in Lima, in preparing a single, coherent, and financially viable investment plan for the 2027–2031 regulatory period. This plan will form part of Sedapal’s PMO and serve as the basis for its tariff-setting application to SUNASS.  In this assignment, K&M: (i) consolidated and validated all relevant information required for the tariff application, including regulatory parameters, financial statements, operational indicators, and project portfolios; (ii) updated and refined Sedapal’s financial planning model to evaluate investment affordability, cash availability, and financing requirements; (iii) assessed investment scenarios, incorporating SUNASS tariff rules, Sedapal’s proposed project pipeline, and feasible financing strategies; (iv) is preparing a prioritized and executable investment plan that SEDAPAL can both finance and implement within the regulatory period; (v) is preparing tariff sensitivity analyses to ensure the investment plan aligns with potential tariff paths generated through SEDAPAL’s own tariff model; and (vi) supported Sedapal in preparing the PMO input for submission to SUNASS, ensuring regulatory alignment and internal institutional ownership.

K&M is supporting the International Finance Corporation (IFC), under a consultancy framework led by Poten & Partners, in the Lebanon Gas-to-Power Project. The assignment focuses on technical advisory for the rehabilitation and gas conversion of the existing Deir Ammar I power plant and the development of a new gas-fired combined cycle power plant (Deir Ammar II). The work is being carried out in the context of Lebanon’s broader power sector transition toward natural gas and improved system reliability, and includes technical, operational, and cost analyses to inform project structuring, financial modeling, and procurement preparation. The assignment also supports preparation of tender documentation for private sector participation.

K&M is providing technical advisory services across Phase 1 feasibility and analysis and Phase 2 procurement support. Under Phase 1, K&M is assessing the feasibility of rehabilitating and converting Deir Ammar I to natural gas, including review of plant design specifications, evaluation of recommissioning requirements, and analysis of operational performance, efficiency, and emissions. The team is modeling expected post-rehabilitation performance and preparing CAPEX and OPEX estimates, generation projections, and life extension strategies to support IFC’s financial model, as well as assessing interfaces with LNG infrastructure and conducting site visits.

In parallel, K&M is supporting the development of Deir Ammar II through system-level and plant-specific analysis, including demand forecasting, evaluation of baseload capacity needs, and recommendations on plant sizing, configuration, and technology selection. K&M is developing functional specifications and performance standards, preparing benchmarked CAPEX and OPEX estimates, and providing technical inputs to IFC’s financial modeling and project structuring.

Under Phase 2, K&M is supporting preparation of RFQ and tender documentation by translating technical analysis into inputs for procurement materials, including development of technical specifications to support a competitive and bankable procurement process.

The Caribbean Community Climate Change Centre (CCCCC) contracted K&M, with funding from The World Bank, to structure and provide support on procuring a modernization contract (MC) for the Barbados Water Authority (BWA). In this assignment, K&M: (i) reviewed, refined, and finalized the Terms of Reference (TORs) for the MC to ensure alignment with World Bank standards, BWA operational requirements, and regional water sector reform priorities; (ii) engaged closely with BWA management and staff to ensure broad-based buy-in and technical validation of the MC framework; (iii) is conducting market sounding to identify qualified potential contractors, assess market capacity and interest, and identify potential implementation challenges and opportunities; (iv) is developing a comprehensive contract structure incorporating performance-based elements, KPIs, risk allocation mechanisms, and governance frameworks that incentivize results and accountability; and (v) will provide technical advisory support to BWA’s procurement team in the preparation of bidding documents that comply with the relevant procurement guidelines and attract qualified bidders. 1535

IDB Invest contracted K&M to identify water and sanitation utilities in the Amazonia region of Bolivia, Brazil, Colombia, Guyana, Ecuador, Peru, and Suriname that could be good candidates for private investment. K&M evaluated and prioritized water and sanitation utilities across the Amazon Basin to assess their readiness for private sector participation for improving service delivery. In this assignment, K&M: (i) Conducted a diagnostic of operational performance, including water consumption trends, treatment capacity and quality, and infrastructure condition, alongside corporate governance frameworks, legal structures and underlying national / subnational regulations; (ii) Assessed the development of PPP initiatives and enabling frameworks supporting private participation; (iii) Segmented and classified utilities according to their readiness for private sector investment versus those requiring preparatory public-sector support; (iv) Identified key enabling regulatory and institutional enablers for private investment in each country; and (v) Is producing a strategic prioritization and roadmap for IDB Invest’s upstream business development, identifying potential interventions and technical assistance pathways.

As part of CAF’s development of its country strategy for Costa Rica, it contracted K&M, with Mr. Janson as the Project Director, to prepare the Infrastructure Regulatory and Sectoral Analysis Report (Documento de Análisis Regulatorio y Económico Sectorial) for Costa Rica. For each of the infrastructure sectors, this report assessed the performance, regulatory and institutional framework, level of private sector participation, impact on specific measures, and financing capacity and needs. The sectors that were assessed are water and sanitation, energy (including conventional generation, renewable energy, transmission, and distribution), transport (including roads, ports, and airports), logistics, and information, technology and communications. For this assessment, Mr. Janson interviewed, among others, authorities of the Ministry of Finance, Ministry of National Planning and Economic Policy, the Instituto Costarricense de Electricidad, the Instituto Costarricense de Acueductos y Alcantarillados, the Superintendencia de Telecomunicaciones, the Autoridad Reguladora de los Servicios Públicos, and the Consejo Nacional de Vialidad. 1531

The World Bank contracted K&M Advisors to prepare a comprehensive national energy sector policy for Saint Vincent and the Grenadines that includes a review of the petroleum and transportation sectors in addition to the electricity sector. K&M conducted focus group discussion and stakeholder meetings and prepared materials for all public consultations. K&M prepared a final draft of the national energy policy and developed an implementation plan for the policy.

The Inter-American Development Bank contracted K&M Advisors to develop a best practices guide for the extraction and sustainable use of water in hydrogen production through electrolysis, with particular emphasis on processes that incorporate desalination. In addition, prepare a methodological guide for evaluating the “water” attribute within the regional CertHiLAC certification scheme, with the objective of promoting robust and harmonized environmental criteria across the clean hydrogen value chain in Latin America and the Caribbean. As part of this assignment, K&M is responsible for: (i) comprehensive review and update of the attached Best Practices Guide for Water Use in the Clean Hydrogen Value Chain; (ii) determine water withdrawal for clean hydrogen production through water electrolysis in the region, and the expected increase in water demand according to clean hydrogen and derivatives development projections in the short term (2030), medium term (2040), and long term (2050), with emphasis on water-scarce countries such as Mexico, Brazil, Colombia, Uruguay, Chile, Peru, and the Dominican Republic; (iii) analyze water withdrawal in comparison with the main alternative uses: mining, agriculture, industry, and residential use; (iv) analyze and quantify the direct, indirect, and cumulative effects of water withdrawal for clean hydrogen and derivatives projects, using both individual project-level and regional approaches; (v) develop the necessary mitigation measures and best practices to reduce impacts, complementing the existing Best Practices Guide; and (vi) establish a specific guide for evaluating the water attribute under the CertHiLAC Regional Certification Scheme.

Staatsolie, the national oil company of Suriname, is analyzing various options for monetizing Suriname’s natural gas resources. Specifically, Staatsolie is interested in understanding the economic and technical feasibility of gas-to-power in Suriname. As part of this effort, the company is seeking a high-level assessment of gas-to-power options that include both domestic and imported gas supply options, as well as the associated logistics for delivering gas to its existing power plants (planned conversions) and new gas-fired facilities. K&M was engaged to conduct this high-level analysis and cost comparison of nine identified gas-to-power options.

K&M Advisors was engaged to estimate the Levelized Cost of Delivered Gas (LCODG) for nine LNG-to-power options across two gas demand scenarios. Each option encompassed gas delivery to Suriname’s thermal generation fleet—including the SPCS and DPP units slated for gas conversion—as well as to a prospective new gas-fired facility. Four options evaluated imported LNG or gas delivered via ISO containers, bulk delivery to an FSU or FSRU, or subsea/onshore pipeline infrastructure. The remaining five options assessed domestic LNG or gas, applying analogous logistics configurations.

K&M tailored and refined its existing LNG-to-Power costing model to the nine configurations. K&M developed Class 5 CAPEX and OPEX estimates for all major system components to derive LCODG values. The LCODG analysis incorporated a detailed cost breakdown, including LNG FOB pricing, shipping costs, offshore and onshore infrastructure requirements, and downstream storage, regasification, and distribution systems. Results were benchmarked against the HFO price and evaluated for cost and non-cost criteria to select a preferred option.

Before every change in government administrations of its client countries, CAF carries out a regulatory and performance assessment of the infrastructure sector. Ahead of the change in government to take place in Honduras in 2025, CAF contracted K&M Advisors LLC to carry out this assessment.

As part of CAF’s development of its country strategy for Honduras, it contracted K&M to prepare the Infrastructure Regulatory and Sectoral Analysis Report for Honduras. For each of the infrastructure sectors, this report assessed the performance, regulatory and institutional framework, level of private sector participation, impact on specific measures, and financing capacity and needs. The sectors assessed were water and sanitation, energy (including conventional generation, renewable energy, transmission, and distribution), transport (including roads, ports, and airports), logistics, and information, technology and communications. As part of this assignment, K&M developed and implemented a tool to recommend a prioritization of CAF’s technical and financial support for the sectors, and projects within the sectors.

The Government of São Tomé and Príncipe (GoSTP), with funding from the World Bank, aims to reduce the cost, increase reliability, and reduce emissions from electricity generation in Sao Tome and Principle (STP). The Project Fiduciary and Administrative Agency (AFAP), under the Access to Clean Resilient Electricity Project (ACRE), engaged K&M to conduct a two-phased study to assess the technical and economic feasibility of different LNG-based power generation concepts and, based on that assessment, help GoSTP implement the identified recommendations.

The objective of Phase I is to analyze the technical and economic feasibility of different LNG-based power generation concepts for STP and determine which, if any, are competitive against non-LNG generation options. The analysis will be conducted on behalf of and in close collaboration with STP’s national electricity utility, Empresa de Agua e Electricidade (EMAE). The objective of Phase II is to implement the LNG procurement agenda.

K&M Advisors was engaged to assess the technical and economic feasibility of various LNG-based power generation concepts and support the implementation of the recommended solution. The scope includes four primary tasks: Task 1 involves requesting and reviewing relevant information provided by the client. Task 2 includes analysis of LNG sourcing, shipping, terminal options, and power generation, including evaluation of gas demand and generation requirements, identification of potential LNG supply sources, assessment of candidate sites for the LNG import terminal, and development of preliminary LNG-to-power configuration options. Task 3 focuses on the economic and financial assessment of these options, including Class V capital cost estimates, levelized cost calculations, and comparative analysis. Task 4 involves identifying the preferred terminal configuration, conducting business model analysis, defining the implementation schedule, and preparing the scope of work for Phase II of the study, which will address LNG procurement.