SCOPE OF WORK
PROJECT DESCRIPTION AND BACKGROUND:
The USAID West Bank and Gaza “Palestinian Energy Project” is designed to support the Palestinian Authority’s (PA) efforts to modernize and diversify the Palestinian electricity sector and to advance the sector to support affordable and sustainable energy independence in the West Bank. The project focuses on improving electricity access and reliability by strategically incorporating renewable energy, which will increase Palestinian control of its electricity supply and improve affordability over time.
This scope of work is focused on clean energy financing, and in assisting Palestinian financial institutions in creating, promoting, and utilizing green finance products and solutions. The Green Energy Finance Technical Advisor will leverage data and information obtained from the Green Finance Overview Report produced by PEP in March 2018 and operationalize recommendations put forward by that report. The duration of this consultancy is for approximately 50 days with a period of performance for 6 months commencing in July 2018, and will be coordinated and supervised by the PEP Sr. Renewable Energy Advisor.
Roles and Responsibilities:
The Green Energy Finance Technical Advisor will provide both technical and operational support to the Green Finance Committee, which is designed to bring together the major stakeholders in the West Bank’s finance community – including private sector banks, international donors, and relevant PA institutions – and develop solutions to increase green funding within the area. These solutions may take the form of policy or regulatory incentives as well as financial products tailored to renewable energy projects or products. Specifically, he/she will:
- Develop a detailed terms of reference (TOR) for the Green Finance Committee, outlining specific roles and responsibilities of the Chairperson and committee members.
- Facilitate the signing of the previously-drafted PEP and Green Finance Committee memorandum of understanding (MOU), outlining the terms and responsibilities between the Association of Banks in Palestine, its participating members, and PEP.
- Assist the committee in instituting regular meetings and in identifying agenda items for these meetings.
- Increase banks’ and financial institutions’ knowledge and understanding of renewable energy products and associated lending risks through a series of workshops and meetings. Assist the Palestinian Monetary Authority (PMA) and banks in developing green finance products in order to expand banks’ use of green finance products and loan offerings.
- Assist in the marketing of green finance products.
- Provide support in the collection and organization of data required for project results monitoring and reporting as defined by PEP’s M&E specialist.
The consultant will perform his duties on part time basis at the offices of the PEP project, and coordinate his/her efforts with the Green Energy Finance Committee and the Sr. Renewable Energy Advisor. The Green Finance Technical Advisor will report to the PEP Sr. Renewable Energy Advisor who will be responsible for approval of all deliverables.
LEVEL OF EFFORT AND SCHEDULE
PEP project technical assistance for the creation of the Green Energy Finance Committee development component will be scheduled under an intermittent assignment program which extends the use of LOE for selected consultancies for up to six months (approximately 50 days for this SOW). This STTA is scheduled to commence on or about July 2018. The consultant shall be authorized up to three-day work week during this assignment which is anticipated to be extended through or around December 2018. Weekly activities and level of effort will be approved by the Sr. Renewable Energy Advisor prior to commencing the following week activities.
- A minimum of at least a Bachelor’s Degree in finance and/or economics with relevant coursework related to development of financing and loan products.
- 8-10 years experience in the national financial sector (commercial or public bank) and/or with regional financial institutions.
- Knowledge of and familiarity with banking, insurance and capital markets at the national level in West Bank and Gaza.
- Knowledge of and familiarity with government institutions, especially bank regulatory agency, Ministry of Finance and Palestine Monetary Authority.
- Familiarity with USAID projects and policy frameworks a plus.
- Strong written and verbal communication skills in English and Arabic required.
Qualified applicants should submit a resume and cover letter to [email protected] no later than May 25, 2018.
Please indicate the name of the position in the subject line. Only shortlisted candidates will be contacted.