Financial Advisor - PESD at African Development Bank - AfDB

Introduction

• The Power Systems Solutions Division (PESD.1) is preparing a business case for advisory services and an Information Memorandum for the fundraising for the Power Sector Support Facility (PSSF).
• The Power Systems Solutions Division activities are structured around five areas which are: Power system planning and sector reform; Project development and PPP project advisory; Regional Power markets development and  Resource Mobilization. PESD.1 offers deep sectoral expertise related to the planning, preparation, and development of sustainable power systems, within the areas of power generation, transmission and distribution and development of regional power markets.
• Project development and PPP project advisoryarethe Bank’s Knowledge-based Operations (KBOs) under the Bank’s NSO policy and PPP Strategic Framework.  The Bank supports project development and provides advisory services to Governments and the Private Sector that are seeking to introduce participation and/or to partner with the private sector in projects through the development, investment, ownership, management, operation, and maintenance of the Project by one or more private sector investors with established financial standing and experience in the efficient management, operation and maintenance of similar facilities in the sector of power generation.
• The Bank has received several requests for the provision of advisory services for Generation and Transmission projects.  The Bank signed its first Advisory Services agreement in May 2024. 
• During the retrospective presentation to the Bank’s Senior Management Committee (SMCC), a business case for advisory services was requested with the funding mechanism to support it.

Brief Description of the Assignment

• The services to be provided under the assignment include supporting the department and project teams on the preparation of a business case for advisory services to be presented to SMCC and the PSSF Information Memorandum.
• The Bank has received several requests for the provision of advisory services for Generation and Transmission projects.
• The Bank signed its first Advisory Services agreement in May 2024. During the retrospective presentation to the Bank’s Senior Management Committee (SMCC), a business case for advisory services was requested.
• As per the NSO policy, knowledge-based operations are to be undertaken on a cost-recovery basis using funds sourced externally.
• In this regard, the Bank intends to set up a multi-donor facility, a Power sector Support facility, to support PESD.1’s activities.
• Now, the Bank is seeking a consultant to assist the Division in the preparation of a business case for advisory services to be presented to SMCC and the PSSF Information Memorandum and related activities. Terms of Reference for Financial Advisors are shown in Appendix 1.

Consultant Qualifications & Experience Requirements

• The Consultant shall have extensive international experience from similar projects in Africa and internationally.
• In particular, the Consultant should possess the following key attributes:
• Experience with power and infrastructure projects. 
• Experience in transaction advisory and resource mobilisation with demonstrated expertise in:
• Preparation  of Information  Memoranda  and  Structuring  Documents  for  major  fund-raising projects: 
• The expert should have at least fifteen (15) years' experience in the capital markets and have experience in the financial restructuring and delivery of information memoranda for large financial and infrastructure capital-raising assignments. 
• Financial Modelling and Structuring Expertise The expert should have a minimum of fifteen (15) years’ experience in financial modelling and experience in financial structuring of large financial and infrastructure capital raising assignments.
• Experience or involvement in fund management entities will be an added advantage

Deliverables

• Apart from completing the business case, submitting the initial Information Memorandum outline, reviewing the financial and structuring models, structuring, drafting, and finalizing the PSSF Information Memorandum, PSSF Investor presentation, and PSSF Teaser in readiness for the financial markets, the Consultant shall be expected to hold regular updates/briefings/video conferences with the  Bank on work in progress and any issues encountered.