The generation subsector is comprised of the generation businesses (utilities or independent producers) and the assets related to the production of power (electricity), heat and/or cooling energy, and also desalinated water in the case of a water and power production plant. We view the power generation industry as a specialized "industrial enterprise" subsector, which includes all elements of planning, developing, financing, procuring, constructing, owning operating, maintaining and decommissioning generation assets and all elements of managing and operating the related generation businesses.
DCS experts cover the broad spectrum of modern and proven generation technologies, including nuclear (large reactor and small and advanced modular reactors or "SMR/AMRs" - including nuclear decommissioning), fossil fuel (gas, coal/lignite, oil/diesel) and renewables (including hydros, solar, wind, biomass, geothermal and wave and tidal). In situations where there may be a planned or operating water (desalination) and power plant or a biomass-fired plant using sewage sludge and/or solid waste as a feedstock, then we will also cover the related water, wastewater and solid waste elements, by bringing in the sectoral expertise in those areas, as needed. DCS experts possess vast expertise in the field of regulated and unregulated, bundled and unbundled market models and under offtake agreements (such as PPAs, CfD's, FIT models), and regimes such as green certificates, tax credit/rebates, emission credits, etc. and how generation companies (whether utilities or IPPs) can sustain their operations most efficiently under any applicable regulatory regime. The following links provide more specific information related our advisory coverage of the generation segment.
In the generation subsector, DCS experts can add significant value through application of innovative public-private partnerships, as appropriate. Our advisory services help our clients align the capabilities of private sector capital, innovation, "know-how", efficiencies, life-cycle operational and maintenance discipline, and management resources with the public sector objectives of most efficiently providing and ensuring safe, reliable, and efficient electricity (and/or heat/cooling energy or desalinated water) generation to citizens and business users at affordable prices (energy tariffs, fees and taxes). We can also assist our clients in identifying and procuring suitable vendors, technology and service providers in the generation sector. Our experts also have significant experience and competence in delivering generation assets under various development, financing, operating and ownership models, including Engineering Procurement and Construction (EPC), Engineering Procurement and Construction Management (EPCM), Operations & Maintenance (O&M), Design-Build-Own-Operate (DBOO), Design-Build-Own-Operate-Transfer (DBOOT), and similar variations. We also have significant experience advising on Public-Private Partnership (P3), privatization and M&A transactions within the energy and utilities sector. Our broad and global experience includes all forms of P3 models, under a regulated or deregulated tariff regimes, offtake agreements (such as various forms of PPAs and CfDs and similar contractual agreements), availability payment, user-fee (merchant plant) and hybrid concession and/or lease transactions as well as stock/share, trade and asset sales/acquisitions and Initial Public Offerings (IPOs) with respect to energy and utilities companies and assets.
Within the generation subsector, DCS experts maintain relationships with related project consultants and participants including: both international and local legal advisors; technical, engineering and environmental/social advisors, economic/market consultants; contractors, vendors and technology providers; strategic and financial equity sponsors; lenders (including commercial lenders, international/development financial institutions (IFIs/DFIs), Export Credit Agencies and Export-Import Banks (ECA/Ex-IMs), institutional lenders, bond funds and investment banks) and credit rating agencies (if necessary). We are always prepared and highly experienced in taking on a lead transaction advisory or project/program management role where we coordinate and manage (in some cases, procure and retain via subcontract) various technical, legal and other consultants required for the project. On behalf of our clients we are prepared and accustomed to leading and concluding negotiations with governmental/public sector or equity sponsors, contractors and venders, lenders, rating agencies and regulators, as may be relevant for a given client project.
In many client cases, there may also be a significant nexus between generation projects, assets and businesses and other sectors that we specialize in, such as water and wastewater (in the case of water desalination and power plants or biomass/sewage sludge energy recovery plants); solid waste (in the case of biomass/solid waste "waste-to-energy" plants); energy transmission, distribution, sales and supply and trading (gas supply and electricity, heat or cooling grid evacuation); and, industrials (E&C, heavy industries). We are prepared to bring our complementary expertise in these other relevant sectors to our generation sector clients, as their specific client project may benefit.
Please click on the below links to learn more about the specific services related to the generation subsector that DCS experts can offer:
DCS focuses on providing the above services in the generation sector to the following categories of clients: