Financial and Economic Advisor Consultancy for Energy Sector Project

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANCY SERVICES – FIRMS SELECTION) Shortlisting of Consultants Issued on: 7 November 2025 for Request for Expression of Interest for the Consultancy Services for Financial and Economic Advisor with energy sector focus for the finance strategy (Open International) Procurement Reference No: SC/EOI/EIF-02/2025 Environmental Investment Fund of Namibia 8933 Heinitzburg Heights c/o Heinitzburg & Dr.

Theo – Ben Gurirab Streets Klein Windhoek, Windhoek, Namibia Tel: +264-61-431 7733 E-mail: nghp.procurement@eif.org.na TABLE OF CONTENTS SECTION 1: LETTER OF INVITATION.. 3 1. INTRODUCTION 3 2. BACKGROUND.. 3 3. SCOPE OF SERVICES.. 3 4. INVITATION 6 5. ELIGIBILITY OF CONSULTANT.. 6 6. CONFLICT OF INTEREST.. 6 7. QUALIFICATIONS.. 6 8. APPROACH TO MARKET AND SELECTION METHOD 7 9. CORRESPONDENCE.. 8 10.

SUBMISSION OF EXPRESSION OF INTEREST.. 8 11. HARD COPY 8 12. ELECTRONIC FORMAT.. 9 SECTION 2: SUBMISSION FORMS.. 10 AF1 – DECLARATION AND UNDERTAKING.. 11 AF2 – GENERAL INFORMATION.. 13 AF3 – EXPERIENCE RECORD.. 14 DETAILS OF PROJECTS/CONTRACTS OF SIMILAR NATURE AND COMPLEXITY..

15 SECTION 1: LETTER OF INVITATION Country: Namibia Name of Project: ASCENT Namibia Preparation - P181995 Procurement Name: Financial and Economic Advisor with energy sector focus for the finance strategy Procurement Reference No: SC/EOI/EIF- 02/2025 Dear Prospective Consultant REQUEST FOR EXPRESSION OF INTEREST FOR THE CONSULTANCY SERVICES FOR FINANCIAL AND ECONOMIC ADVISOR WITH ENERGY SECTOR FOCUS FOR THE FINANCE STRATEGY (OPEN INTERNATIONAL) INTRODUCTION The Environmental Investment Fund of Namibia (hereinafter referred to as EIF) is inviting Expressions of Interest (EOI) from qualified and experienced consultancy firms to provide Financial and Economic Advisor with energy sector focus for the finance strategy.

The EOI will lead to a Request for Proposal (RFP) for the scope of services detailed in Section 3 which will be shared with the shortlisted consultant.

BACKGROUND The Government of Namibia (GRN) through the Environmental Investment Fund (EIF) secured a project preparation grant from the World Bank to fund a Financial and Economic Advisor to advise on a sustainable financing strategy for the CoW’s electrification program.

This initiative will align CoW’s targets with national goals and evaluate various electrification and financing scenarios, current cost recovery mechanisms, and market competitiveness. The core objective is to ensure long-term viability while assessing the program’s impact on both CoW’s.

SCOPE OF SERVICES The Financial and Economic Advisor will conduct the following tasks in parallel to the extent possible: Review the current City of Windhoek’s Electrification targets as aligned to the National Electrification targets and Windhoek’s impact and contribution in achieving the National Electrification target of 70% access by 2030.

The final analysis will present different electrification scenarios, specifically for the electrification of 36,000 households and 50,000 households by 2030. Analyze the affordability and competitiveness of the current electricity tariffs for the City of Windhoek as compared to the National tariffs or Regional SADC tariffs or International tariffs, review City of Windhoek tariff principles and components.

Review the current ECB approved electricity distribution cost recovery mechanism and its effectiveness to raise funding to fund electrification and its potential impact on the electricity distribution tariff.

Review the adequacy of the current funding availed by the Central Government to finance electrification and identify any potential gaps and limitations of City of Windhoek to meet its electrification targets as outline by National Government Develop a potential funding excel model to be used by the City of Windhoek to determine a sustainable viable funding strategy or fund-raising model for the City of Windhoek electrification program.

Evaluate the macroeconomic impact of the electrification program when considering issues of affordability, impact to Windhoek’s GDP, impact to the National GDP and Impact on the Electricity Tariffs.

For the avoidance of doubt, the financial model shall address the following key areas: Scenario Analysis – Analyze and estimate viable scenarios for electrification that align with the national and local electrification targets. The analysis should encompass a detailed cost-benefit assessment, incorporating both financial and economic dimensions.

Financing Gap Analysis – Identify potential financing gaps and outline necessary fundraising strategies to address these gaps. Debt Impact Assessment – Evaluate the implications of debt and debt service capacity on financial viability, while identifying optimal financing options. Macroeconomic Impact Evaluation – Assess the macroeconomic effects, including contributions to national, regional, and local GDP.

Tariff Impact Evaluation – Assess potential impacts on tariffs, project and consumer affordability. Operation & Maintenance - Evaluate the implications of O&M service capacity on financial viability. Reusability – The model should be constructed in a way that ensures reusability for the City of Windhoek. See attached detailed Terms of Reference (ToR).

INVITATION EIF hereby invites eligible consulting firms (“Consultants”) to submit Expressions of Interest (EOI) for the provision of the above-mentioned Services.

Interested, and registered Consultancy Firms should provide information demonstrating that they have the required technical capabilities, managerial capabilities, qualifications and relevant experience to perform the Services to be shortlisted for further engagement on the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Project.

The information requested in the EOI shall be a pre-requisite to assess the firm’s capability to provide the services required and will be the basis for short-listing of the Consultant for an eventual invitation to submit proposal.

The attention of interested Consultants is drawn to the conditions that Procurement of contracts financed by the proceeds of the proposed World Bank (IBRD) grant will be conducted through the procedures as specified in the World Bank’s Procurement Regulations for IPF Borrowers February 2025 and is open to all eligible firms, subject to the approach to market, as defined in the Procurement Regulations.

ELIGIBILITY OF CONSULTANT The attention of interested Consultants is drawn to paragraph 3.20 to 3.23 of the World Bank’s Procurement Regulations for IPF Borrowers dated February 2025 setting forth the World Bank’s Policy on Eligibility.

CONFLICT OF INTEREST The attention of interested Consultants is drawn to paragraph 3.13, and 3.15 to 3.16 of the World Bank’s Procurement Regulations for IPF Borrowers dated February 2025 setting forth the World Bank’s Policy on Conflict of Interest. QUALIFICATIONS EIF invites eligible Consultants to indicate their interest in providing the Services.

Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the corresponding Services.

The Consultant must demonstrate experience in scope of work required, including proven sector specific experience in developing financing strategies, blended finance, corporate/project finance, cost benefit analysis, energy markets, and similar assignments in Africa or developing countries.

The consultant must demonstrate the following: Core Business : The firm (or lead firm in the consortium) must have been in continuous business for minimum ten (10) years. Core Business: The firm’s core business must include financial and economic advisory services including a track record of advising on financing strategies, with at least five (5) years of demonstrable experience in providing such services.

The firm should demonstrate the institutional capacity to mobilize multidisciplinary expertise (e.g., financial , financial and economic modeling, energy markets, electricity utility, project management, and stakeholder engagement).

Relevant Institutional Experience: The firm (or lead firm in the consortium) must demonstrate substantial experience in undertaking financial advisory assignments in the energy sector, more specifically the electricity utility industry and distribution companies.

Relevant Institutional Experience: The firm should present a track record of at least two (2) assignments of comparable scale, complexity, and scope to the service required under the EOI. Ideally these assignments should involve multilateral development banks and concessional financing, and must include financing strategy planning, blended finance, and market assessment.

NOTE: The Qualifications and Experience of Key Experts shall not be included in the shortlisting criteria. Key Experts will not be evaluated at the shortlisting stage. Interested Consultants must provide information indicating that they are qualified to perform the Services by completing and submitting the Forms AF1 to AF3 together with other relevant documents.

Consultants are encouraged to submit as much evidential track record as possible for ranking purposes. 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, if selected. Where a consortium is proposed, clear roles and responsibilities of each partner must be provided, along with evidence of prior collaboration or effective consortium management.

APPROACH TO MARKET AND SELECTION METHOD The approach to market for the procurement of the Consultant will be Open International, and so this EOI will be advertised INTERNATIONALLY and is open to any firm, whether local or international, provided that the Consultancy Firm meet the shortlisting criteria set out in Section 7: Qualifications discussed above.

The Consultant will be selected in accordance with the Consultant Qualification Selection (CQS) method set out in the World Bank Procurement Regulations for IPF Borrowers.

From the firms that have submitted an EoI, the EIF will select the firm with the best qualifications and relevant experience and invites it to submit its technical and financial Proposals for negotiations., as per paragraph 7.11 of the World Bank Procurement Regulations for IPF Borrowers, therefore Consultants are encouraged to submit as much evidential track record as possible for ranking purposes.

Only shortlisted Consultant will be approached directly by EIF to submit proposals for the services required in the RFP phase. Any Consultants that are unable to complete the EOI Submission Requirements or do not provide all the relevant information required for shortlisting, may not be substantially responsive and may lead to non-shortlisting of its EOI submission.

CORRESPONDENCE All correspondences and further information requests related to this EOI shall be made in English. Any clarification sought by any firm in respect of the EOI shall be addressed in writing, as per the Clarifications schedule indicated below. Clarifications will be open until last date of clarifications set for 14 November 2025.

The clarifications should be addressed to: Miss Tjirimejo Mbaha Procurement Management Unit, 1st Floor 8933 Heinitzburg Heights, c/o Heinitzburg & Dr Theo-Ben Gurirab Streets, Klein Windhoek Email: nghp.procurement@eif.org.na The office hours are: 08:00 – 17:00 (Namibian Time) on Monday – Friday.

SUBMISSION OF EXPRESSION OF INTEREST The EOI document shall be prepared and submitted in the English language and can be submitted and received in ELECTRONIC FORMAT on or before 21 November 2025 at 17:00 (Namibian Time). Submission must be in an electronic copy of a single PDF file and emailed to: nghp.procurement@eif.org.na.

The file is to be titled “ SC/EOI/EIF-02/2025: Consultancy Service for Financial and Economic Advisor with energy sector focus for the finance strategy . Yours sincerely, David Hamukwaya MANAGER: PROCUREMENT SECTION 2: SUBMISSION FORMS The completed Standard Forms and specific information requested hereafter shall be submitted as Expression of Interest and evaluated for shortlisting purposes.

AF1 – DECLARATION AND UNDERTAKING [ Location, Date ] [To be completed on Company Letterhead] To: Procurement Management Unit Attn: David Hamukwaya P.O.

Box 28157 Auas Valley, Windhoek 8933 Heinitzburg Heights, c/o Heinitzburg & Dr Theo-Ben Gurirab Streets, Klein Windhoek Tel: +264 61 431 7733 Fax: (061) 240 339 E-mail: nghp.procurement@eif.org.na To whom it may concern, RE: DECLARATION AND UNDERTAKING We, the undersigned, are hereby submitting our Expression of Interest for the Consultancy Service for Financial and Economic Advisor with energy sector focus for the finance strategy, in accordance with this Expression of Interest [SC/EOI/EIF- 02/2025], dated 7 November 2025.

We hereby declare that all the information and statements made in this Expression of Interest are true and accept that any misinterpretation contained in it may lead to not being shortlisted or disqualification within any later stage.

We hereby declare that our company, and our staff, partners and associates do not have and are not aware of any actual or potential Conflicts of Interest which may arise through this Expression of Interest, (Please refer to the definition of Conflict of Interest in Section 3.13, and 3.15 to 3.16 as well as Annex IV [ Fraud and Corruption ] of the World Bank’s Procurement Regulations for IPF Borrowers (February 2025) (Procurement Regulations).

As the Consultant, we acknowledge that we have not previously been involved in the compilation or review of the EIF bidding documents, technical specifications and/or feasibility study for the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) and are eligible to participate.

We acknowledge the submission of the following information is appended to this declaration: Please clearly acknowledge the attachment of the following information by explicitly writing “YES” or “NO” in the relevant boxes.: Yes / No Our company profile providing information of our core business and years in business, relevant experience, technical and managerial capability as well as all other supporting documents.

We further acknowledge that the Scope of Services for the Consultancy Services may be updated, amended, or incorporated with any information forthcoming as part of the EOI submissions received or as a result of this EOI process.

The following person(s) have been nominated on behalf of the Consultant to be the contact person(s) (please complete in print or block letters): Title and Name Contact Number Email address Yours sincerely, On behalf of Consultant: Authorized Signature [In full and initials]: Name and Title of Signatory: Name of Company: Address: Company Stamp: AF2 – GENERAL INFORMATION [ Location, Date ] All consultancy firms and each partner of a Joint Venture (JV) applying for the Expression of Interest are requested to complete the information in this form.

Nationality information (if applicable) should be provided for all owners or Consultants who are partnerships/associates or individually owned firms. In case of a Joint Venture (JV), the firm designated to be the Lead Partner should be clearly spelt out.

1 Name of firm 2 Head office address 3 Telephone Contact 4 Fax E- mail 5 Place of incorporation / registration Year of incorporation / registration Nationality of owners (If applicable) 1 Name Nationality 1 2 3 4 5 1 To be completed by all owners of partnerships/associates or individually owned firms.

AF3 – EXPERIENCE RECORD [ Location, Date ] [To be completed on Company Letterhead] Name of Consultant or partner of a joint venture ……………………………………………………………………………………………………………… To enable evaluation of requirements of Section 7: Qualifications, and shortlisting, the Consultant shall be required to fill in this Form (AF3) On the next page, using the format of this Form (AF3), the Consultant is requested to provide information on each previous completed project of a similar nature and complexity.

The similar nature and complexity shall be aligned as per each respective package qualification requirements of Section 7: Qualifications. The Consultant is required to explicitly mention for each reference project if they undertook it by themselves or were in a joint venture with another firm.

Consultants must enclose testimonials, certificates, and publicity material with their applications with the aim of aiding the evaluation of qualifications. Consultants are encouraged to submit as much evidential track record as possible for ranking purposes.

DETAILS OF PROJECTS/CONTRACTS OF SIMILAR NATURE AND COMPLEXITY [ Location, Date ] [To be completed on Company Letterhead] Name of Consultant or partner of a Joint Venture (JV)/Consortium/Association ………………………………………………………………………………………………………………..

[Use a separate sheet for each reference project/contract] 1 Project/Contract Number: Name of project/contract: Country: 2 Name of employer: 3 Employer address: 4 Brief description of services provided and special features relevant to the contract based on which the Consultant wishes to be short-listed.

5 Contract role (check one) Sole party Management Consultant Sub-consultant Partner in a joint venture 6 Name of associate Consultants (if any): 7 Date Award: 8 Date of Completion: 9 Contract/subcontract duration (years and months) years months 10 Contract Value: I hereby certify that the information contained in this Form AF3 is a true and accurate representation of the services performed by [insert Consultant’s name].

Name ……………………………………………………………………….. In the Capacity of ……………………………………………………………………….. Signature ……………………………………………………………………….. Date ……………………………………………………………………….. Agency: Environmental Investment Fund of Namibia Procurement method: Consultant Qualification Selection Notice type: Request for Expression of Interest Status: Published Value: 50000.0 USD