Since July 2007, Delphos and its consortium partners helped the GoB develop the large-scale Mmamabula electricity and coal project. The consortium team consists of experts from Delphos International, Hunton & Williams, and London Economics. The advisory work was financed by the GoB and USTDA. USAID also provided additional financial assistance to the GoB. The “supercritical” power plant, to be built by Shanghai Electric, is based on 1,200 MW net, air-cooled, pulverized coal design, with emissions controls suitable to meet Equator Principles requirements. Total project costs are approximately $5 billion. Power will be sold to Eskom of South Africa and the Botswana Power Corporation (“BPC”). The Delphos team is advising the GoB on all financing and risk allocation issues related to the project, including tax regime, GoB guaranty of BPC’s financial obligations, GoB option to invest in the project, competitiveness of tariffs, GoB agreements with the project company (implementation, HR, generation license), etc. Currently, the Delphos team is advising GoB on the implications of the acquisition of the project developer by a large Indian conglomerate.