KenGen Provision of Transaction Advisory Services (Lead and Financial) for the 140MW Public Private Partnership (PPP) Olkaria VI Geothermal Project
By -MIMI
June 07, 2014
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Kenya Electricity Generating Company Limited ("KenGen") is the leading power generating company in Kenya with an installed capacity of 1252MW equivalent to about 72% of the national capacity. KenGen utilizes various primary sources of energy to generate electricity ranging from hydro, geothermal, thermal and wind. Hydro is the leading source, with an installed capacity of 819.9MW (65%), Geothermal 170.3MW (13.6%), Thermal 256.2MW (20.5%) and Wind 5.1MW (0.4%). KenGen plans to increase its installed capacity to 3000MW by 2018. KenGen is the largest geothermal power producer in Africa. Evaluation Criteria Qualification and Experience of the firm
The successful Transaction Advisor shall have extensive International and Emerging markets experience of atleast ten (10) years in structuring, procurement and financing of large infrastructure projects of atleast US$ 200M. Specific experience in Public Private Partnership projects is required.
Specific and relevant experience in Transaction Advisory Services/Works (Lead and Financial) in atleast one project in the Power/Energy Sector in either Independent Power Producer (IPP) Projects and/or Public Private Partnership (PPP) arrangement over the last ten years.
Relevant experience of atleast ten (10) years in Transaction Advisory Services(Lead and Financial) leading to a successful financial closure in Project Finance Type Transactions of large infrastructure project of atleast US$ 200M preferably in developing countries.
Demonstrate experience in leading a multi disciplinary team of advisors in similar assignments.Team skills and competencies The proposed team is expected to hold at least relevant Bachelors degree or equivalent and professional qualifications. At Least three (3) Key members must possess the skills and experience required for the team over the last ten (10) years as summarized below:
The proposed Team Leader must have expertise in structuring and procurement of large infrastructure projects through PPP arrangement at least one PPP project within the last 10 years
Relevant Project Finance Expertise through to successful financial close of atleast two large infrastructure projects of atleast US$ 200M each within the last 10 years
Financial and Economic analysis including expertise in tariff setting minimum of 5 years of experience
Project financial modeling preferably in PPP Projects minimum of 5 years of experience.
Negotiation skills in complex transactions minimum of 10 years of experience
Project Management skills in large infrastructure minimum of 10 years of experienceThe following Documents shall be submitted
Documents detailing that the party (ies) fulfils the minimum requirements in 3 and 4 above;
Evidence of registration
Audited Financial Statements for the last 3 years for the firm or where a consortium each consortium member including Tax registration and Tax compliance certificates or equivalent documents applicable in the bidder’s Country of origin
List of Transaction Advisory services in Public Private Partnership (PPP) Projects of large infrastructure, including a brief description of the project.
List of Transaction Advisory services in PPP/IPP Projects in the Energy/Power Sector, including a brief description of the project
List of Project Finance type Transactions in infrastructure that have achieved successful financial closure, including a brief description of the project
Where the Applicant is a consortium, a list of the proposed members of the consortium and the proposed Leader of the consortium, including a consortium agreement or a memorandum of understanding
Provide the proposed organogram for the project and CV’s of the key technical staff.
List of relevant projects ongoing been undertaken by the Firm or the Consortium and for each Consortium member.Clarifications The interested parties may request for clarifications on this Expression of Interest upto seven (7) days before the EoI submission date. Any request for clarification must be sent in writing by paper mail, facsimile, or electronic mail to: Capital Planning & Strategy Manager Kenya Electricity Generating Company Limited, Stima Plaza III, Kolobot Road, Parklands, P.O. Box 47936 – 00100, Nairobi, Kenya. Tel: +254-20-3666427 Fax: +254-20-2248848 Email: enjenga [at] kengen.co.ke CC; pkimemia [at] kengen.co.ke; imaina [at] kengen.co.ke; tenders [at] kengen.co.ke EOI Submission The EoI (1 Original and 3 copies) and a soft copy in read only CD copy should be submitted in a sealed envelope by 1000 hours (Kenya time), Friday, 20th June, 2014 to the following address: Company Secretary/Legal & Corporate Affairs Director Kenya Electricity Generating Company Limited 7th Floor, Stima Plaza Phase III Kolobot Road, Parklands P O Box 47936 - 00100 Nairobi, Kenya Information on the outer envelope should be marked: "Confidential, Expression of Interest (EOI) for the Provision of Transaction advisor services (Lead and Financial) for the 140MW Public Private Partnership (PPP) Olkaria VI Geothermal Project" Tenders will be opened on 20th June 2014 at 10.30 a.m. in the presence of the candidates' representatives who choose to attend at Stima Plaza III, Executive Committee Room, 7th Floor
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