Consultancy Services for Financial and Economic Advisor with energy sector focus for the finance strategy.

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANCY SERVICES – FIRMS SELECTION)

Shortlisting of Consultants

Issued on: 7 November 2025

for

Request for Expression of Interest for the Consultancy Services for Financial and Economic Advisor with energy sector focus for the finance strategy

(Open International)

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Procurement Reference No: SC/EOI/EIF-02/2025

Environmental Investment Fund of Namibia

8933 Heinitzburg Heights

c/o Heinitzburg & Dr. Theo – Ben Gurirab Streets

Klein Windhoek,

Windhoek, Namibia

Tel: +264-61-431 7733

E-mail: [email protected]

TABLE OF CONTENTS

SECTION 1: LETTER OF INVITATION.. 3

• INTRODUCTION 3

• BACKGROUND.. 3

• SCOPE OF SERVICES.. 3

• INVITATION 6

• ELIGIBILITY OF CONSULTANT.. 6

• CONFLICT OF INTEREST.. 6

• QUALIFICATIONS.. 6

• APPROACH TO MARKET AND SELECTION METHOD 7

• CORRESPONDENCE.. 8

• SUBMISSION OF EXPRESSION OF INTEREST.. 8

• HARD COPY 8

• ELECTRONIC FORMAT.. 9

SECTION 2: SUBMISSION FORMS.. 10

AF1 – DECLARATION AND UNDERTAKING.. 11

AF2 – GENERAL INFORMATION.. 13

AF3 – EXPERIENCE RECORD.. 14

DETAILS OF PROJECTS/CONTRACTS OF SIMILAR NATURE AND COMPLEXITY.. 15

SECTION 1: LETTER OF INVITATION

Country: Namibia

Name of Project: ASCENT Namibia Preparation - P181995

Procurement Name: Financial and Economic Advisor with energy sector focus for the finance

strategy

Procurement Reference No: SC/EOI/EIF- 02/2025

Dear Prospective Consultant

REQUEST FOR EXPRESSION OF INTEREST FOR THE CONSULTANCY SERVICES FOR FINANCIAL AND ECONOMIC ADVISOR WITH ENERGY SECTOR FOCUS FOR THE FINANCE STRATEGY (OPEN INTERNATIONAL)

• INTRODUCTION

The Environmental Investment Fund of Namibia (hereinafter referred to as EIF) is inviting Expressions of Interest (EOI) from qualified and experienced consultancy firms to provide Financial and Economic Advisor with energy sector focus for the finance strategy. The EOI will lead to a Request for Proposal (RFP) for the scope of services detailed in Section 3 which will be shared with the shortlisted consultant.

• BACKGROUND

The Government of Namibia (GRN) through the Environmental Investment Fund (EIF) secured a project preparation grant from the World Bank to fund a Financial and Economic Advisor to advise on a sustainable financing strategy for the CoW’s electrification program. This initiative will align CoW’s targets with national goals and evaluate various electrification and financing scenarios, current cost recovery mechanisms, and market competitiveness. The core objective is to ensure long-term viability while assessing the program’s impact on both CoW’s.

• SCOPE OF SERVICES

The Financial and Economic Advisor will conduct the following tasks in parallel to the extent possible:

• Review the current City of Windhoek’s Electrification targets as aligned to the National Electrification targets and Windhoek’s impact and contribution in achieving the National Electrification target of 70% access by 2030. The final analysis will present different electrification scenarios, specifically for the electrification of 36,000 households and 50,000 households by 2030.

• Analyze the affordability and competitiveness of the current electricity tariffs for the City of Windhoek as compared to the National tariffs or Regional SADC tariffs or International tariffs, review City of Windhoek tariff principles and components.

• Review the current ECB approved electricity distribution cost recovery mechanism and its effectiveness to raise funding to fund electrification and its potential impact on the electricity distribution tariff.

• Review the adequacy of the current funding availed by the Central Government to finance electrification and identify any potential gaps and limitations of City of Windhoek to meet its electrification targets as outline by National Government

• Develop a potential funding excel model to be used by the City of Windhoek to determine a sustainable viable funding strategy or fund-raising model for the City of Windhoek electrification program.

• Evaluate the macroeconomic impact of the electrification program when considering issues of affordability, impact to Windhoek’s GDP, impact to the National GDP and Impact on the Electricity Tariffs.

For the avoidance of doubt, the financial model shall address the following key areas:

• Scenario Analysis – Analyze and estimate viable scenarios for electrification that align with the national and local electrification targets. The analysis should encompass a detailed cost-benefit assessment, incorporating both financial and economic dimensions.

• Financing Gap Analysis – Identify potential financing gaps and outline necessary fundraising strategies to address these gaps.

• Debt Impact Assessment – Evaluate the implications of debt and debt service capacity on financial viability, while identifying optimal financing options.

• Macroeconomic Impact Evaluation – Assess the macroeconomic effects, including contributions to national, regional, and local GDP.

• Tariff Impact Evaluation – Assess potential impacts on tariffs, project and consumer affordability.

• Operation & Maintenance - Evaluate the implications of O&M service capacity on financial viability.

• Reusability – The model should be constructed in a way that ensures reusability for the City of Windhoek.

See attached detailed Terms of Reference (ToR).

• INVITATION

EIF hereby invites eligible consulting firms (“Consultants”) to submit Expressions of Interest (EOI) for the provision of the above-mentioned Services. Interested, and registered Consultancy Firms should provide information demonstrating that they have the required technical capabilities, managerial capabilities, qualifications and relevant experience to perform the Services to be shortlisted for further engagement on the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Project. The information requested in the EOI shall be a pre-requisite to assess the firm’s capability to provide the services required and will be the basis for short-listing of the Consultant for an eventual invitation to submit proposal.

The attention of interested Consultants is drawn to the conditions that Procurement of contracts financed by the proceeds of the proposed World Bank (IBRD) grant will be conducted through the procedures as specified in the World Bank’s Procurement Regulations for IPF Borrowers February 2025 and is open to all eligible firms, subject to the approach to market, as defined in the Procurement Regulations.

• ELIGIBILITY OF CONSULTANT

The attention of interested Consultants is drawn to paragraph 3.20 to 3.23 of the World Bank’s Procurement Regulations for IPF Borrowers dated February 2025 setting forth the World Bank’s Policy on Eligibility.

• CONFLICT OF INTEREST

The attention of interested Consultants is drawn to paragraph 3.13, and 3.15 to 3.16 of the World Bank’s Procurement Regulations for IPF Borrowers dated February 2025 setting forth the World Bank’s Policy on Conflict of Interest.

• QUALIFICATIONS

EIF invites eligible Consultants to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the corresponding Services. The Consultant must demonstrate experience in scope of work required, including proven sector specific experience in developing financing strategies, blended finance, corporate/project finance, cost benefit analysis, energy markets, and similar assignments in Africa or developing countries. The consultant must demonstrate the following:

• Core Business: The firm (or lead firm in the consortium) must have been in continuous business for minimum ten (10) years.

• Core Business: The firm’s core business must include financial and economic advisory services including a track record of advising on financing strategies, with at least five (5) years of demonstrable experience in providing such services. The firm should demonstrate the institutional capacity to mobilize multidisciplinary expertise (e.g., financial , financial and economic modeling, energy markets, electricity utility, project management, and stakeholder engagement).

• Relevant Institutional Experience: The firm (or lead firm in the consortium) must demonstrate substantial experience in undertaking financial advisory assignments in the energy sector, more specifically the electricity utility industry and distribution companies.

• Relevant Institutional Experience: The firm should present a track record of at least two (2) assignments of comparable scale, complexity, and scope to the service required under the EOI. Ideally these assignments should involve multilateral development banks and concessional financing, and must include financing strategy planning, blended finance, and market assessment.

NOTE: The Qualifications and Experience of Key Experts shall not be included in the shortlisting criteria. Key Experts will not be evaluated at the shortlisting stage.

Interested Consultants must provide information indicating that they are qualified to perform the Services by completing and submitting the Forms AF1 to AF3 together with other relevant documents. Consultants are encouraged to submit as much evidential track record as possible for ranking purposes.

Consultants may associate with other firms to enhance their qualifications but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected. Where a consortium is proposed, clear roles and responsibilities of each partner must be provided, along with evidence of prior collaboration or effective consortium management.

• APPROACH TO MARKET AND SELECTION METHOD

The approa