UNDP Jobs - 70338- Re-advertisement - Consultant to provide Technical

Re-advertisement - Consultant to provide Technical Analysis for ESCO financing

Location :

JKR, Kuala Lumpur, MALAYSIA

Type of Contract :

Individual Contract

Starting Date :

01-Mar-2017

Application Deadline :

07-Feb-17 (Midnight New York, USA)

Post Level :

International Consultant

Duration of Initial Contract :

4 man-month

Languages Required :

English

Expected Duration of Assignment :

4 months

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence. UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.

Background

The Building Sector Energy Efficiency Project (BSEEP) is an initiative implemented by the Government of Malaysia supported by funding from the Global Environment Facility (GEF). The objective of this project is to improve energy utilisation efficiency in the Malaysian building sector particularly those in the commercial and government sectors, by promoting the energy conserving design of new buildings and by improving the energy utilization efficiency in the operation of existing buildings.

Promoting green growth and reducing energy consumption in the demand side is part of the 11th Malaysia plan. One of the key strategies is to reduce energy consumption in buildings through energy performance contracting (EPC), where energy service companies (ESCO) undertake the implementation work and finance the projects.

At present there are 70 ESCOs registered with the Energy Commission of Malaysia, which is expected to increase to 90 companies by the end of 11th Malaysia Plan. Lack of access to financing for EE projects is still one of the main barriers hindering its market development and implementation of EPC,resulting in limited access for ESCOs to debt and equity project financing as a marketbased solution.

Commercial banks are reluctant to provide project finance on energy efficiency projects based on expected energy savings. Risk mitigation is often sought through collaterals or corporate guarantees from the ESCO. New ESCOs are often faced with difficulties in providing the necessary securities or are limited in the size of investment they can undertake. In order to develop the finance market for EPC the BSEEP is now collaborating with a local financial institution specialising in SMEs financing to promote further the credit guarantee facility for ESCOs investing in EPC projects for the building sector.

The credit guarantee will enhance the credit rating of the applicant and thus increases the probability of financing. It reduces the barriers to lending to to lending to smaller and newer ESCOs and allows larger and more matured ESCOs to engage in more projects and undertake larger investment portfolio.

The 3rd party guarantee is provided by Credit Guarantee Corporation (CGC) and covers 60% of the loan amount or a maximum of RM 3 Million. The premium for the credit guarantee is 34% p.a. on the finance balance and the facility is managed by Malaysia Devt Venture (MDV).

The Building Sector Energy Efficiency Project has provided USD 500,000 (approx. RM 2 Million) to fund the premium payments of the 3rd party credit guarantee. This funding will leverage a guaranteed amount of up to RM 19.5 Million and total credit finance of RM 32 Million. This is expected to result in about 10 projects being successfully financed. The detailed approach of the credit guarantee facility will be finalize further in the coming months.

Duties and Responsibilities

The consultancy services aims to support implementation of ESCO financing by providing credit guarantee facilities to enhance credit ratings of applications. The tasks to be covered are as follows:

Completion of General Framework, Documentation and Training
- A guide on effective use of Investment Grade Audits (IGA) and suitability / adequacy of Measurement and Verification (‘MV’) plans in the context of live cases;
- A guide to identify red flags and information gaps in IGA and MV plans;
- A guide to appraise Energy Service Companies and ability to implement proposed project;
- Three classroom- based and On-Job-Training to end-users (applicants and financiers) will be documented including training material.
Completion of Hands-on assistance for qualification of loan applications:
- Hands on assistance for up to 5 (five) successful applications under the abovementioned Credit Line involving evaluation of agreements for potentially financeable EE projects from a financiers perspective, in terms of dispute resolution, payment security performance guarantee and other such matters;
- Assistance in packaging some initial deals and assisting in business matching with suitable ESCOs;
- Assistance to potential ESCO borrowers via advisory; on financing structure and reduce cost to borrowers / making EE projects secured, financeable; including support to legal in the development of loan contracts for the first five projects.
Submission of Final Report on the lesson learnt of the process and the 5 ESCOs applicants;
Present and update monthly progress to the special committee (consists of Ministry of Energy, Green Technology and Water (MEGTW), BSEEP, MDV) on the credit guarantee facility. Act as resource person for JKR/BSEEP and UNDP in events, if held, for stakeholder consultations related to the subject matter.

Methodology:

The consultant will work in close consultation with MDV, BSEEP/JKR and UNDP Malaysia. He/she will report to the National Project Director and Project Manager of the project. The methodology of finalizing the outputs includes; direct consultation with MDV and potential ESCOs, meetings/discussions with MoF, EPU, Energy Commission and KeTTHA.

Deliverables and Timeline:

The Consultant shall be responsible for the delivery, content, technical quality and accuracy of the reports in accordance to the timeline in Annex I.

Terms of Payment:

The fee is payable upon satisfactory completion and acceptance of the deliverables by the JKR/BSEEP, MDV and UNDP Malaysia. Breakdown and schedule of payments is in Annex 1.

Duration:

The project is expected to be completed in 6 months after signing of work contract by successful bidder. The deliverables and timeline are as per the Financial Proposal form. The consultancy will take place from March to June 2017.

Competencies

Ability to build good relationships with clients, focuses on impact and result for the client and responds positively to feedback;
Able to meet tight deadline for each work package;
Excellent teamwork and leadership skills.

Required Skills and Experience

Minimum Bachelor’s degree in Economics, Business Studies, Law, Engineering or any other business, technical or Science-based background.

Experience:

At least 3 years of experience in the development of and/or designing of energy projects;
Experience with financing energy efficiency projects and/or Energy Performance Contracting (EPC) for building and/or industrial sectors is a must;
Experience in the development and/or policy formulation retated to financing energy efficiency projects in Malaysia is a must;
Have a good understanding on EE economics, Energy Performance Contracting (EPC), Energy Service Companies (ESCOs) industry, EE Financing, Building EE? in Malaysia will be preferred.

Language Requirement:

Fluency in both written and spoken English.

How to Apply:

Kindly download the Letter of Confirmation of interest and availability, Financial Proposal Template, P11 form and General Terms & Conditions mentioned below;
Completed Letter of Confirmation of Interest and Availability;
Personal CV or a P11 Personal History Form, indicating all past experience from similar projects, as well as the contact details (email and telephone number) of the Candidate and at least three (3) professional references;
Read and agree to the General Terms & Conditions;
Click the ‘apply’icon and complete what is required;
Brief description of approach to work/technical proposal of why the individual considers him/herself as the most suitable for the assignment, and a proposed methodology on how they will approach and complete the assignment; (max 1 page);
Financial Proposal (Annex II) that indicates the all-inclusive fixed total contract price, supported by a breakdown of costs, as per template provided. The term "all inclusive" implies all cost (professional fees, international travel costs, living allowances etc).
If an applicant is employed by an organization/company/institution, and he/she expects his/her employer to charge a management fee in the process of releasing him/her to UNDP under Reimbursable Loan Agreement (RLA), the applicant must indicate at this point, and ensure that all such costs are duly incorporated in the financial proposal submitted to UNDP.
For duty travels, the UN’s Daily Subsistence Allowance (DSA) rates should provide?indication?of the cost of living in a duty station/destination.
Scan all documents into 1 pdf folder and then upload;
For clarification question, please email to procurement.my@undp.org. The clarification question deadline is three (3) days before the closing. When emailing for clarification questions, please put "MyIC/2017/004" as the subject matter.
Incomplete applications will be excluded from further consideration.

Forms and General terms & conditions to be downloaded:

The UN Personal History Form (P11) is available at:http://www.my.undp.org/content/dam/malaysia/docs/Procurement/P11%20for%20SC%20&%20IC.doc?download
Letter of Confirmation of Interest and Availability at: http://www.my.undp.org/content/dam/malaysia/docs/Procurement/Letter%20of%20Interest%20_Annex%201.docx?download
The Financial Proposal Template at: http://www.my.undp.org/content/dam/malaysia/docs/Procurement/My_2017_004%20Financial%20Proposal%20Template.docx?download
The General Terms & Conditions for Individual contract is available at:http://www.my.undp.org/content/dam/malaysia/docs/Procurement/General%20Conditions%20of%20Contract%20for%20IC.pdf?download
The General Terms & Conditions for Reimbursement Loan Agreement is available at:http://www.my.undp.org/content/dam/malaysia/docs/Procurement/Reimbursable%20Loan%20Agreement%20_%20Terms%20&%20Conditions.pdf?download

Important Note:

This is a re-advertisement of MyIC_2016_034 (69177) due to the revision of the Experience Criteria; Please re-submit your application.
This Consultancy position is only accepted online. Email submission is not valid;
Applicant must READ and ACCEPT the General Terms and Conditions;
The system DOES NOT accept multiple document upload. Please scan all the documents and save into one (1) PDF file and upload.