Generating Project Independent Due Diligence

A member of the Firm served as the primary consultant to Credit Suisse regarding the performance of an annual review of DESTEC Energy Company’s generation project located in Bakersfield, California. The project includes four General Electric LM2500 combustion turbine based combined cycle units. Credit Suisse is the primary project lender concerning the installation. The following services were provided: review of operating history including forced outages and premature equipment failures; review of operating and maintenance expenses; determination of the cost impact of excessive forced outages and premature equipment failures; review of manufacturer warranty provisions; and development of recommendations of alternative design changes and operation and maintenance activity changes to improve project performance. A Confidential report to Credit Suisse regarding the project was prepared in conjunction with the engagement.

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