Nigeria Distributed Access through Renewable Energy Scale-Up (Dares) Program - Technical... Tender

Procurement Summary

Country : Nigeria

Summary : Nigeria Distributed Access through Renewable Energy Scale-Up (Dares) Program - Technical Consultant

Deadline : 19 Sep 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 107063627

Document Ref. No. : 0002011042

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

IFC intends to support the WB Nigeria DistributedAccess through Renewable Energy Scale-up (DARES) program through a proposedinvestment of a 5-year revolver facility (“West Africa - IFC DARES Platform” orthe “Platform”). It will be used to support up to 20 eligible mini griddevelopers and SHS companies (“Clients”) participating in Nigeria DARES throughpart-financing the construction and operationalization of isolated and/orinterconnected mini grids or sales of SHS in rural or remote communities (the“Projects”). The Platform is expected to fund a portfolio of sites or a numberof SHS sold per Client. The Platform will be repaid with cash flows from thegrants received (based on operational milestones) by the Clients from the RuralElectrification Agency of Nigeria (REA). Though the total tenor of the Platformis 5 years, each tranche of financing for a Client will have a maximum tenor of24-months which includes construction of mini grids and the first year ofoperations limiting IFC-s exposure to only short-term risks or for SHS, thetenor covers the two operational milestones (time of sales and 6 months aftersales). The Platform will (1) support eligible mini griddevelopers/SHS companies to speed up the roll out of their mini grid or SHSnetworks and partly meet Nigeria-s huge unmet needs; (2) crowd in capital fromcommercial banks and other DFIs; (3) facilitate implementation of the NigeriaDARES project with WB, which if successful, could be replicated in othercountries covered under the WB-DARES program. In order to ensure the success of the Platform andstreamline the process, IFC is procuring the services of a technical consultant(the “Consultant”) to (i) develop standard selection criteria and based onthis, select a shortlist (up to 20) of potential Clients for the Envelope; (ii)conduct technical due diligence of the potential Clients and their existingmini grid sites and pipeline (together, the "Assignment"); and (iii)assist in standard portfolio management of IFC finan...

Documents

 Tender Notice