National Open Tender Notice

Tender for the Procurement of a Senior Consultant in Investment and Energy Financing to provide investment advisory services for the on-going Hydropower projects development under Ngali Energy’s Portfolio

Invitation N^o: NCBS/005/10/NE/24

Background

1. Ngali Energy Ltd is developing two small hydro power projects: Rwondo (2.6 MW) and Ngororero (2.4 MW) in Rwanda and Yambio Thermal power plant in South Sudan.
2. The Client (Ngali Energy) now solicits technical and financial proposals to support Ngali Energy’s on-going Hydropower projects development.
3. This Request for Proposal (RFP) is open to all interested Firms with financial/investment background fulfilling the requirements here below.

1. Develop Financial Models to assess viability of the three power plants given the change in tariff.
2. Identify and analyze various funding sources and advise on the optimal funding structure, including debt-to-equity ratio, tenure, and repayment terms
3. Recommend the best capital structure to balance leverage and cash flow sustainability, as well as minimize cost of capital
4. Establish the ideal financing terms such as duration and repayment schedule, given the nature of the project – optimal design of debt given the characteristics of the project
5. Analyze revenue paid in RWF (below USD selling rate) and recommend measure to mitigate foreign currency (FX) risks
6. Stress test key financial metrics (IRR, NPV, DSCR, FCF) against changes in tariffs, FX rates, costs, and production to evaluate project sensitivity and resilience
7. All the above shall be put in one report to be presented to Management and thereafter the Board of directors for approval

Required Qualifications:

• Bachelor of degree in project management or related field
• A Master’s degree or Post Graduate Diploma (PGD) or a certificate in finance or investment related fields.
• Additional certifications (CFA, CPA, ACCA)

Required experience:

The Firm should have at least 5years and senior consultant must have an overall experience of 15 years in financial sector related functions with specific years in;

• 10 years of overall experience in financial and investment modelling.
• Having occupied leadership positions will be an added advantage.

The consultant must be able to speak fluently English, a working knowledge of Kinyarwanda and French will be an added advantage.

Duration of the assignment

The consultancy services shall be for a period of one month and the consultant shall provide schedule of deliverables

Financial Proposal

The bidder shall quote, his/her rate in Rwandan Francs (Rwf).

The rates must be realistic and reasonable in accordance with scope of work.

• All interested firms submit the applications in hard copies one (1) original and one (1) copy at Ngali Energy offices located at Bodifa Mercy House 5^th Floor, KG 624ST Kimihurura (Opp. Parliament), Gasabo – Kigali, on or before 18^th November, 2024 at 10:00Am.

A public opening session shall be held in Ngali Energy boardroom at 10:15 Am on the same date, for those who choose to attend.

A full application must have

• Financial Proposals
• Three references
• The candidate’s Curriculum Vitae (CV) accompanied by academic certificates
• Letter expressing interest to participate in this tender

Consultants meeting the required qualifications and experience shall be evaluated financially, in accordance with the procurement procedures of the client.

For more information, queries and clarifications, bidders may write to the undersigned via email at chantal.munezero@ngali.com.

For more details, please visit www.ngalienergy.com

Done at Kigali, on 5/11/2024

Sincerely,

Arthemon Nsengiyumva

Managing Director