The International Finance Corporation (IFC) is expected to be appointed as lead transaction adviser to support the Palestinian Energy and Natural Resources Authority (PENRA) in attracting private sector participation through a competitive tender for the construction and operation of three or four grid-connected solar PV plants (with a cumulative capacity of 15 to 25 MW) in the West Bank on an IPP basis.
Under the plans, the IFC is looking to appoint a legal consultant and a technical consultant.
The legal consultant is to conduct full due diligence to identify and advice on any legal, regulatory, and policy issues that may affect the implementation of the project. The technical consultant will conduct a technical, commercial, and environmental and social due diligence to assess the best options to structure the project.
Both consultants will support marketing the project to investors and prepare tender documents as well and assist in the negotiation as well as evaluation and selection of the winning bidder.
The consultants are expected to have extensive experience in providing consultancy for PPP projects in the renewable energy sector, specifically solar PV power generation, globally and in the Middle East and North Africa region.
Expressions of interest are due by 25 November.