Consultancy Services: Transaction Advisory Tender - 47417953

Procurement Summary

Country: Cape Verde

Summary: Consultancy Services: Transaction Advisory Services

Deadline: 17 Dec 2020

Posting Date: 11 Nov 2020

Other Information

Notice Type: Tender

TOT Ref.No.: 47417953

Document Ref. No.:

Competition: ICB

Financier: African Development Bank (AfDB)

Purchaser Ownership: -

Tender Value: Refer Document

CPV Classification

66115000 - International payment transfer services
79410000 - Business and management consultancy services

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Tender Details

Tenders are invited for Consultancy Services: Transaction Advisory Services.
Consultancy Services: Transaction Advisory Services
Deadline:
Thursday, December 17, 2020 - 23:00
In 2017, the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) received financing from the African Development Bank Group, through the NEPAD Infrastructure Project Preparatory Facility (IPPF) Special Fund, towards the project “Feasibility Study on Business Opportunities for Women in a Changing Energy Value Chain in West Africa”.
The project seeks to ensure that the region meets its goal of universal energy access for its over 300 million people, by developing a high-quality gender responsive, regional energy market development strategy that taps into the innate entrepreneurial capacity of ECOWAS women. Harnessing this capacity would lead towards increasing the establishment of women-owned energy businesses and the deployment of energy technologies to meet the energy needs of the region-s largely unserved population.
The Feasibility Study on Business Opportunities for Women in a Changing Energy Value Chain in West Africa project is a product of the ECOWAS Policy for Gender Mainstreaming in Energy Access which aims, among others, to increase women-s participation in energy-related fields in the private sector by 25% by 2020 and 50% by 2030.
Having completed the 2 technical components, Prefeasibility and Feasibility Studies, ECREEE is now seeking the services of a transaction advisory specialist to develop, structure, package, advise and manage outputs for phase 2 of the project, which includes i.e. mobilisation of funds for women-owned energy businesses in West Africa
INSTRUCTIONS FOR SUBMISSION OF PROPOSALS
• Proposals, both technical and financial, should be submitted by email ONLY to tender(a)ecreee.org, clearly indicating in the subject: «TRANSACTION ADVISORY SERVICES FOR FEASIBILITY STUDY PROJECT»;
• For additional information or request for clarification, please send an email to Ms. Monica Maduekwe mmaduakwe(a)ecreee.org
• Financial proposal should be submitted in United States Dollars
• THE DEADLINE FOR SUBMISSION OF PROPOSALS IS THE 17 DECEMBER 2020, 23H00 UTC-1.
• Proposals should not be submitted on ZIP format or exceed 10MB (total attachment per email)
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Terms of Reference

TRANSACTION ADVISORY SERVICES

For

Phase II: Feasibility Study on Business Opportunities for Women in a

Changing Energy Value Chain in West Africa

Deadline: 17th

December 2020

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1. Introduction

In 2017, the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) received financing

from the African Development Bank Group, through the NEPAD Infrastructure Project Preparatory

Facility (IPPF) Special Fund, towards the project “Feasibility Study on Business Opportunities for

Women in a Changing Energy Value Chain in West Africa”.

The project seeks to ensure that the region meets its goal of universal energy access for its over 300

million people, by developing a high-quality gender responsive, regional energy market development

strategy that taps into the innate entrepreneurial capacity of ECOWAS women. Harnessing this

capacity would lead towards increasing the establishment of women-owned energy businesses and

the deployment of energy technologies to meet the energy needs of the region-s largely unserved

population.

The Feasibility Study on Business Opportunities for Women in a Changing Energy Value Chain in West

Africa project is a product of the ECOWAS Policy for Gender Mainstreaming in Energy Access which

aims, among others, to increase women-s participation in energy-related fields in the private sector

by 25% by 2020 and 50% by 2030.

The project was divided into two technical components, namely:

1. Prefeasibility study

2. Feasibility study

Having completed these two components successfully, ECREEE is seeking the services of a transaction

advisory specialist to develop, structure, package, advise and manage outputs for phase 2 of the

project, which includes i.e. mobilisation of funds for women-owned energy businesses in West Africa.

2. Background

The Feasibility Study on Business Opportunities for Women in a Changing Energy Value Chain in West

Africa project kicked- off with a pre-feasibility study, implemented by an individual consultant. The

assignment led to the selection of four pilot countries and sectors, as follow:

1. Nigeria: Development of Liquefied Petroleum Gas Distribution business in Nigeria with

possibilities to replicate the same model in Côte d`Ivoire, Ghana, and Senegal

2. Ghana: Development of a Solar based electricity generation system and solar lighting product

distribution business in Ghana with possibilities to replicate in Nigeria, Cote d-Ivoire, and

Senegal

3. Cote d-Ivoire: Identification and development of Smart Applications for Energy Consumers in

Cote d-Ivoire with possibilities to replicate in Senegal, Nigeria, and Ghana

4. Senegal: Development of a Clean Energy Powered Mini and Micro Grid electricity generation

and distribution business in Senegal with provision for development in Nigeria, Cote d-Ivoire,

and Ghana

The methodology followed in arriving at these countries and projects are documented in the

Prefeasibility Study Report.

See full list of deliverables of Prefeasibility Study component in Annex 1.

At the feasibility study stage, the engineering consulting firm, RINA SpA, was contracted with the

objective to develop four bankable feasibility study templates (information memorandums) which

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would be used by women entrepreneurs, either working or interested in working with that product or

service, to secure investment (from a commercial bank, investment agency, etc.).

The four projects are expected to support women entrepreneurs in:

 Streamlining their current businesses into that product and/or service,

 diversify into that product and/or service,

 Set-up a new entrepreneurial venture dealing in that product and/or service.

From the list of female entrepreneurs compiled at the prefeasibility stage, the consultant selected

four women champions to further assess the market-s readiness.

In selecting the four women champions, the consultant considered:

1. The percent shareholding in the proposed company that will guarantee full decisional power

of the woman entrepreneur;

2. The level of involvement and the commitment shown during the definition of the concept;

3. The profile of enterprises, including the technical know-how and the knowledge of the market;

4. The available resources to ensure minimum equity contribution (30% equity) that could

actively participate in the project development and make more efficient its implementation;

5. The geographical location (Nigeria, Senegal, Ghana, Cote d-Ivoire);

The Feasibility Study report is available upon request.

The key information from the feasibility study on the final four projects have been summarized in the

following tables:

Table 2.1: Subproject 1 - Nigeria

DEVELOPMENT OF LIQUEFIED PETROLEUM GAS (LPG) DISTRIBUTION BUSINESS IN NIGERIA

Location within the

Country

Surroundings of Port Harcourt

Industry sector LPG sector

Project Description The project is the setting up of an LPG Distribution Business, with a 40

MT storage capacity (LPG Refill/Bottling Plant). The Plant will consist

of:

 administrative offices;

 storage facilities to store LPG;

 Filling/bottling unit. The filling unit will be covered by a shed.

There will be in-process piping and instrumentation within the Plant.

Objective The overall objective of this project is the setting up of an LPG

Refill/Bottling Plant (40MT Storage Capacity) by a potential female

entrepreneur.

Expected results The LPG distribution business will improve the supply of LPG around

the Plant location and its environs and will create about 300 jobs and

business opportunities for intending female entrepreneurs that want

to venture into the LPG retail business.

In general, the project is expected to provide the following services

 Sales and distribution of LPG. The project foresees the distribution

of 544, 000 Kg (30% of the quantity sold concerns 5kg bottle filling

and 70% 12.5 kg bottle filling

 Sales of LPG cookers, cylinders and accessories.

 Provision of technical services e.g. gas cooker repair and servicing

workshop, maintenance of cylinder valves etc.

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This business will contribute in limiting the use of kerosene or solid

fuels for cooking, largely responsible for different diseases. The

creation of the business will also limit the proliferation of the illegal

commerce of LPG cylinders.

Project size (in USD) US$ 490, 000

Origin of capital (70-30) 70% loan 30% equity

Project Target Return

(IRR)

Approx. 35.67% (on equity and debt)

Action

required/implementation

arrangement

Task 1: a) Land Acquisition; b) Environmental Impact Assessment (EIA)

- preliminary ESIA performed as part of the feasibility study. c)

Detailed Engineering Design -To be executed as part of the feasibility

study;

Task 2: Procurement (LPG Storage tanks, LPG Dispensers, Pumps and

valves);

Task 3: Statutory Permits (Town Planning Permit, Fire Safety Permit

and Police Permit);

Task 4: Statutory Approval (Approval to Construct {ATC});

Task 5: Contracting (Contract Award);

Task 6: Material Procurement & Construction/Installation Works;

Task 7: Pre-Commissioning & Commissioning;

Task 8: Personnel Training (Technical & Safety);

Task 9: Statutory Approval (License to Operate [LTO])

Period of

implementation

12 Months

Table 2.2: Subproject 2 - Ghana

DEVELOPMENT OF SOLAR BASED ELECTRICITY GENERATION SYSTEMS AND SOLAR LIGHTING

PRODUCT DISTRIBUTION BUSINESSES IN GHANA

Location within the

Country

Northern and Volta regions

Industry sector Off- grid solar home systems with potential for expansion to grid

connected as market develops.

Project Description The busi

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