Ethiopian Electric Power – IPP pipeline

Description of the mission

• Two years long assistance services to EEP for the development and implementation of Independent Power Projects, through
• IPPs identification, transaction and operationalization
• Impulse towards the development of an enabling environment for private & foreign investment (analysis of currency risks available and possible mitigation tools)
• Trainings on key technical tools for the EEP team to be proficient in project steering and management

Description of major projects

Organization of a study tour in France for main Ethiopian energy stakeholders, including various renewable energy developers (Voltalia, Meridiam, EDF Renouvelables)

Capacity building training for the Ethiopian Electric Power in the context of renewable energy growth in the following areas :

• PPP/IPP Investment decision process;
• Economic and financial due diligence, from feasibility to procurement;
• Technical skills in financial modeling (data tracking, sensitivity analysis, critical analysis of results, etc.).
• Analysis of the implantation in Ethiopia of the Scaling Solar Program (World Bank)
• Standardized approach to procurement and to legal documentation (Government Support Agreements, PPAs, etc.)
• Term sheets for financing and political risks insurance – MIGA)

Preliminary studies, transaction assistance and management support for key energy projects from the ongoing EEP pipeline and unsolicited offers, including :

• Assela Wind Plant, Oroma, under construction (Siemens Gamesa)
• Gad and Dicheto Solar Plant, Afar region (second procurement after contract termination with Acwa Solar)
• Analysis of unsolicited proposals

• Review of the existing regulatory framework
• Review of existing projects and analysis of preliminary studies (feasibility, financial sustainability)
• Preliminary evaluation of projects (economic-financial profitability study, financial structuring study, risk matrices)
• Prioritization of the project pipeline based on multi-criteria evaluations

Delivery of a tailor-made one-week intensive training detailing PPP/IPP international standards and practices:

• Based on concrete examples from EEP project pipeline
• Offering a two-step approach throughout the training adapted to the operational needs