K&M is an internationally recognized finance and technical advisory firm. Since its creation in 1987, K&M has advised private investors and governments on the development of power, water and telecommunications projects valued at over US$30 billion.
K&M is different from conventional advisory firms. K&M knows how to transform a project idea into an operating asset that has a positive developmental impact. K&M built its experience by working on the development or acquisition of power plants in which K&M successfully invested their own capital. K&M’s advice is based on having been exposed to, and successfully resolving, similar needs as those faced by K&M’s clients. K&M understands why and how to design enabling policies and regulations such that these are effective at supporting the public interest, and also at mobilizing private capital.
K&M has pioneered the use of Independent Power Producers (IPP). K&M advised on the feasibility and procurement of the first IPPs in Pakistan, Jordan, Vietnam, Colombia and other countries. K&M also pioneered the standards of what is now internationally recognized as the Build-Own-Operate (BOO) and Build-Operate-Transfer (BOT) project structures. Furthermore, K&M pioneered the use of credit enhancements mechanisms, such as partial risk guarantees, for improving the bankability of IPPs in emerging markets.
K&M is a wholly owned subsidiary of The Dorado Group LLC—a privately held company specialized on the development, investment and ownership of clean and reliable power generation projects. Dorado Partners LLC offers full development and asset management services primarily in the energy and infrastructure sectors. The Dorado Group also invests venture capital directly in businesses and projects that need early stage capital and have a business plan management team with similar.
From its inception, K&M provided a pioneering vision in infrastructure development by creating new financial architectures, credit enhancing mechanisms and enabling institutional and legal frameworks. K&M rapidly became a pioneer and leader in IPP/BOOT development for its own account, and for many private companies and governments around the world.
Long before BOOM, BOOMT, and other project financing modalities became fashionable, K&M was creating effective approaches to meet the rapidly increasing demand for electric power financing created by the lack of traditional sources of funding from multilateral and bilateral institutions.
Some examples of K&M’s pioneering initiatives over its 25 years of existence include:
