Terms of Reference to Develop Study on PPP-Financed Energy Infrastructure Projects in Ghana and Kenya
Details
/
Hits: 507
AFRODAD in collaboration with the Heinrich Boll Foundation and Bread for the World seek the services of competent consultants to undertake 2 separate studies on the Impacts of PPP Financed Energy Infrastructure Projects in Ghana and Kenya respectively. The specific projects of focus are the Ghana Sankofa Gas Project and Kenya’s Kipeto Wind Farm project. The
goal of these studies is to critically assess whether energy infrastructure projects financed by public-private partnerships deliver on the promises of their proponents.
Public-private partnerships (often referred to as PPPs) are increasingly promoted as a way to finance development projects. Donor governments and financial institutions, such as the World Bank Group (WBG), have set up multiple donor initiatives to promote changes in national regulatory frameworks to allow for PPPs, as well as provide advice and finance to PPP projects. In 2017, the WBG launched the ‘cascade’ approach, now officially known as Maximising Finance for Development (MFD), which systematizes the WBG’s efforts in support of the expansion of private finance in infrastructure, including in social sectors. According to the ‘cascade’ principles, the WBG “first seeks to mobilise commercial finance” and “only where market solutions are not possible through sector reform and risk mitigation would official and public resources be applied”.