Financial And Commercial Transaction Advisory Services Saint Paul 2 Hydropower Project

LIBERIA ELECTRICITY CORPORATION

PROJECT: SAINT PAUL 2 HYDROPOWER PROJECT

REQUEST FOR EXPRESSIONS OF INTEREST(AMENDED)

Consulting Services for Financial and Commercial Transaction Advisory Services for Saint Paul 2 Hydropower Project

Project ID No.: P P513900

Reference No.: LR-LEC-539964-CS-QCBS

Revised Closing Date: May 7, 2026

Background

The Liberia Electricity Corporation (LEC) has secured funding from the World Bank (WB) through the Saint Paul 2 Hydropower Project and intends to use part of the proceeds for the Consulting Services for Financial and Commercial Transaction Advisory Services for Saint Paul 2 Hydropower Project.

The purpose of this assignment is to engage a Financial and Commercial Transaction Advisor (FCTA) to support the Government of Liberia in preparing, procuring, and financing the Saint Paul 2 Hydropower Project. The Advisor will ensure the project is structured to be commercially viable, fiscally responsible, and attractive to private sponsors and lenders, while aligned with national priorities.

GoL through the LEC PIU now requires a Financial and Commercial Transaction Advisor (FCTA) to support GoL and other public sector stakeholders through the three anticipated phases of the project’s development, preparation (Preparation), sponsor selection (Procurement) and on to financial close (Financing).

The FCTA will be structured in three distinct phases, aligned to the project’s implementation plan, with Phase I delivered over a 10 month period funded through the Project Preparation Grant, and subsequent phases progressing subject to satisfactory performance, availability of funds, and evolving project needs.

The detailed Terms of Reference (TOR) for the assignment can be obtained at the following link:

https://lecliberia.com/wp-content/uploads/20260422-ToR-SP2_FCTAS-rev02-wdh-final.docx

The Liberia Electricity Corporation (LEC) now invites eligible consulting firms (“Consultants”) to express their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are:

Core business and years in business:

• The firm shall be registered/ incorporated as a consulting firm with core business in the field of the assignment.

Qualification and Experience of the Firm:

The key expertise and experience required of the FCTA include the following:

• financial analysis, with relevant PPP and project finance experience through to financial close;

• sell-side PPP structuring, due diligence, contract negotiation and tendering;

• project planning and management;

• expertise and experience in hydropower IPPs; and

• contract management and as detailed in the below matrix )

• At the EOI stage, applicants shall confirm they have undertaken the required transactions and possess the stated experience. Formal reference letters and supporting documentation (if not available now, will be required at the RFP stage) from shortlisted firms for Employer verification.

• Provide at least three (03) reference letters and supporting documentation, (if not available now, will be required at the RFP stage) confirming proven Transaction Advisor experience in the development of environmental and social, hydrological, hydraulic and hydroelectric studies associated with hydropower generation projects .

• Provide at least three (03) reference letters and supporting documentation (if not available now, will be required at the RFP stage)confirming proven experience in acting as a transaction advisor in hydropower generation projects and in the preparation of financial models, for each project.

• Provide at least three (03) reference letters and supporting documentation, (if not available now, will be required at the RFP stage)confirming proven experience in achieving financial close in hydropower projects .

• Proof of having at least two expert members in the proposed team that hold a certification such as Registered Professional Engineer with an accredited institution.

• These qualifications may be also be satisfied through the development of environmental and social, hydrological, hydraulic, and hydroelectric studies undertaken by firms serving as environmental & social or technical advisors on relevant projects.

• Relevant experience from projects of similar importance across all energy technologies shall be acceptable if pure hydropower generation projects are not available.

Technical and managerial capability of the firm:

The firm must demonstrate the organizational strength and management capacity to deliver complex transaction advisory services for large infrastructure projects. Specifically, the evaluation will consider:

• Proven ability to manage multi‑phase assignments (preparation, procurement, financing) efficiently.

• Adequate staffing and institutional resources to sustain engagement over the project duration.

• Effective coordination of financial, legal, technical, and environmental inputs.

• Strong governance and compliance with World Bank/IFC standards and local regulations.

Note: Key Experts will not be evaluated at the shortlisting stage.

The attention of interested Consultants is drawn to Section III, paragraphs 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” (Seventh Edition, September 2025), setting forth the World Bank’s policy on conflict of interest.

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.

A consulting firm will be selected in accordance with the Quality and Cost-Based Selection (QCBS) method set out in the Procurement Regulations.

Further information can be obtained at the address below during office hours from 0900 to 1600 hours GMT.

Expressions of interest must be delivered on or before May 7, 2026, at 23.59 hrs. local time. Electronic submissions should mention the subject message: Consulting Services for Financial and Commercial Transaction Advisory Services for Saint Paul 2 Hydropower Project.

Director for Projects

Liberia Electricity Corporation

P.O. Box 10-165 Waterside

Water Street,

1000 Monrovia, Liberia

Email: [email protected] and a copy to [email protected] [email protected]