IFC Awards K&M Mandate for the Privatization of over 1,000MW of Power Generation Assets in Pakistan
Washington, DC – The International Finance Corporation (IFC) is assisting the Privatization Commission of the Government of Pakistan with the privatization of over 1,000MW of thermal power generation assets held by a government-owned company.
K&M will support the IFC by conducting a complete technical review of the existing power plants, including assessing the plants’ physical conditions, operational performance, and the scope for capital improvements. K&M will also perform environmental and social due diligence to identify major issues relating to the proposed transaction structure and sale, and identify mitigation options. K&M’s due diligence will also cover market analysis and assistance with inputs to the financial model, bid documents, and the bid evaluation process.
Through this assignment, K&M will continue to build upon its rich experience in Pakistan’s power sector, spanning more than two-decades from K&M’s leadership in the development of the Hub River Project (Pakistan’s first IPP) to K&M’s current role as Lender’s Engineer for the Rousch Power Plant.