Ethiopia Wind

hold

IFC will act as PPP Transaction Advisor to PPP Directorate General (PPP-DG under the Ministry of Finance) and Ethiopian Electric Power (EEP) to support the implementation of two grid connected wind IPPs of up to 250MW. The projects are expected to not only provide competitively priced clean power, but also reduce Ethiopia's dependence on hydro resources by diversifying the energy supply mix. IFC will assist PPP-DG and EEP with the development/structuring of the wind IPP projects and running a competitive tender to procure an Independent Power Producer(s) to design, finance, build, and operate two wind power plants. There will be two phases to IFC Advisory's work: Phase 1: Project Preparation a. Technical Due Diligence b. E&S Scoping c. Legal Due Diligence d. Tax and Insurance Due Diligence Phase 2: Tender Implementation a. Preparation of Project Documents (RFQ, RFP, IA, PPA) b. Marketing the transaction to qualified bidders c. Supporting PPP-DG and EEP in the evaluation process at both the qualification and bid proposal stage d. Providing advice to PPP - DG and EEP to finalize negotiations with the winning bidder IFC Advisory's involvement will cease at commercial close, to avoid conflicts of interest arising on the (possible) entry of other WBG entities into the project.