Rwanda: Green Investment Consultant

Contract

Project

Rwanda: Green Investment Consultant

Expertise

Category

Advisory Support: Level F

Location

Duty Station

Kigali, Rwanda

Contract Length

Start Date

November 2016 (tbc)

End Date

November 2017 (tbc)

Part-time/Full-time

Full time

Contract Value

Daily Rate

USD $350 – USD $500

Days Estimated

250 days

Total Fees

Up to USD $125,000 (dependent on experience)

Specifics of Recruitment

Introduction:

Based in Seoul, the Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as "green growth", which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.

GGGI supports stakeholders through complementary and integrated work streams – Green Growth Planning & Implementation and Knowledge Solutions – that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.

Rwanda is one of the leading countries for green growth in Africa and a member country of GGGI. Since 2012, GGGI has been collaborating with the Government of Rwanda (GoR) particularly the Ministry of Infrastructure (MININFRA) on national urban policy through which GGGI support has focused primarily on green urbanization using secondary cities as a critical entry point for Rwanda’s green urbanization. In May 2016, the National Roadmap for Green Secondary Cities Development in Rwanda was lunched by MINIFRA in partnership with GGGI.

The Government of Rwanda (GoR) has put in place measures for implementation of the Green Growth and Climate Resilience Strategy and a special delivery mechanism, Rwanda’s National Fund for Environment and Climate Change (FONERWA) which is geared towards ensuring sustainable and inclusive growth in Rwanda by investing in green sectors of the economy through financing of climate adaptation and mitigation projects. In Dec 2015, GoR and GGGI signed an MoU which sees GGGI offering technical assistance to FONERWA for a period of 3 years which will result in the fund being sustainable well into the future.

Objectives/Purpose of the Assignment:

The Consultant shall be based in Kigali, and shall be part of the GGGI Rwanda Program. The Consultant shall provide technical support for Rwanda Country Program as part of the GIS team, under the guidance of Country team and the Principal Green Investment Specialist.

The consultations done by the consultant with the government shall be organised with the GGGI country team and full information to Country Representative and team shall be provided in advance of the consultations.

The consultant’s activities will be in line with the Green Growth Strategy, Vision 2020 and Economic Development and Poverty Reduction Strategy II (EDPRS II) green growth priorities as reflected in the Country Planning Framework (CPF) and the MoUs between GGGI and the Government of Rwanda.

Scope of Work:

The Consultant shall:

1. Provide technical support to the current pipeline of Green Investment Services in Rwanda as well as explore, analyse, communicate and work with the country team and GIS to identify green investments appropriate for Rwanda to pursue.

Specifically, within the current Pipeline of projects

• FONERWA Business Plan
  • Identify further sources of possible funding for FONERWA drawing from strategic documents such as the FONERWA portfolio analysis
  • Conceptualize how the private sector can be brought into the fund as both recipients and contributors to the fund
  • ON-Grid Hydro Analysis
    • Use the analysis currently being completed to identify how the current pipeline of On-Grid Hydro Projects within FONERWA may best be successfully supported.
    • Work with GIS team and FONERWA to assess viability of creation of possible structures for financial instruments that may allow scale up of hydro projects in Rwanda
    • Work to identify further resources that could be mobilized to finance a hydro risk reducing (or other) instrument
    • Green City Pilot
      • Consult with private sector operators, consultants and others (such as FONERWA) to define and set out clear structure of how the Green city pilot initial phase can generate momentum for attracting domestic and international and public as well as private investments
      • Work with developer as well as other key national stakeholders to identify any shortfalls in funding around green aspects of development and use the GGGI country team in consultation with GIS to help source funding solutions
      • Collaborate with various possible funding sources for various phases of overall scheme to mobilize funding
      • Facilitate the coordination of multiple funding sources that will be led by FONERWA to be able to clearly show what funding is being requested for what aspects of the project

1. Work closely with the country and GIS teams to help identify further pipeline of bankable projects within Rwanda,

• Review the existing FONERWA projects portfolio, EDPRS II, Green Growth Climate Resilience Strategy and sector strategic plans and prepare a list of green projects priorities selected based on criteria agreed upon by GGGI team I close consultation with the GoR.
• Prepare three to four projects concepts from the prioritized list of projects and develop to full proposal two to three bankable projects.

1. Provide guidance and mentorship to staff members recruited to help FONERWA.

Output/Reporting Requirements/Deliverables:

The Consultant shall submit the following outputs:

Qualifications/Experience/Expertise

• Over 7 years-experience in relevant fields, preferably within international environment and climate change with hands-on experience in projects proposal writing.
• Experience working in/with developing countries.
• Having prepared at least five full project/programs proposals that were selected for funding
• Advanced university degree in areas such as international business, economics with further financial / economics training (Masters in Finance, MBA or equivalent),
• Substantive relevant experience, with excellent understanding of finance
• Experience in at least two of the following areas: renewable energy, cities and the financing of cities, design of financial instruments, infrastructure project development/assessment/finance, economic/financial analysis of infrastructure investment
• Experience with climate finance, investment banking and multi-lateral financing.
• Hands-on project management experience, an ability to efficiently manage a large number of activities simultaneously and to navigate through complex environments
• Oral and written fluency in English
• Be a recognised as an investment expert, with a proven track record of originating, structuring and financing projects; taking them from inception to close.
• Must be experienced in dealing with both public and private sectors
• Needs to be able to show excellent internal coordination skills to ensure smooth operations between different departments, geographies and time zones
• Show capabilities and success stories of dealing in developing countries (preferably Rwanda or at least Africa)
• Be able to communicate at a senior level with government officials with confidence