The IFC aims to provide constructive input into legislative and regulatory reforms to create attractive, sustainable and transparent conditions for private investment into renewable energy in Belarus, Kazakhstan and Kosovo.
Among the key areas that will need to be improved and developed is the creation of bankable standard agreements, related to electricity offtake and enabling project financing solutions.
Under the plans, the IFC intends to select an international legal firm to provide advice on the ongoing development of the bankable standard agreements in those countries, and provide globally applicable guidelines in the process of designing bankable standard agreements, based on global best practices and in accordance with project finance principles.
Expressions of interest are due to the World Bank by 4 December.