Renewable Energy Project Finance and Credit Risk Expert

ProSidian seeks a Project Finance and Credit Risk Expert to support an engagement for Millennium Foundation of Kosovo  (“MFK”) funded by The United States of America through The Millennium Challenge Corporation (“MCC”). MCC is an innovative and independent U.S. foreign assistance agency that is helping lead the fight against global poverty. MCC forms partnerships with developing countries that are committed to good governance, economic freedom and investing in their citizens. MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and the American taxpayers.

The central goal of this procurement activity is for MFK to conduct a series of capacity building activities to build the institutional and technical capacities of the Kosovo Credit Guarantee Fund (KCGF), its partner financial institutions, and key public and private sector key stakeholders so that KCGF can launch and implement a renewable energy guarantee window to support its partner financial institutions on a sustainable cost-recovery basis.

MFK is seeking the professional services of program management to represent and support the overall implementation and management of the Renewable Energy Facilitation activities under the Kosovo Threshold Program during the implementation period.  The Kosovo Threshold Program addresses two key constraints to Kosovo’s economic growth: an unreliable supply of electricity; and real and perceived weakness in rule of law, government accountability and transparency.

Activities will generally fall under six main categories of services: 1) General program management, 2) Detailed Design and assistance in the development of necessary procurement tender documents, 3) Assistance with required procurements, 4) Oversight of all activities and tracking program deliverables and disbursements, 5) Donor outreach and capital raising activities assisting MFK and on behalf of key parties designated by MFK, 6) Program close-out support

This is a Contract Contingent position responsible for supporting project financing, energy financing, credit risk assessment, and finance transaction components of PMC services under the direction of the Program Manager.

Job Requirements:

• Demonstrable track record in project finance, development finance, credit risk, guarantee facilities, and mechanisms of catalyzing commercial lending or financing projects of similar size and scope.
• Oversee training to KCGF management and staff in project finance, energy finance and risk assessment and management of project finance transactions
• Manage Technical Assistance (TA) for the development of projections, risk model, and fee determination associated with the RE IPP Guarantee Window
• Aid MFK, KCGF, and KCGF’s partner financial institutions in identifying key differences between international project financing standards and national regulations by RE technology to develop recommendations for resolving differences
• Develop TA for KCGF’s capacity in project and energy finance to establish a RE IPP Guarantee Window that will perform sustainably after MFK funding is completed
• Assist MFK, KCGF, and KCGF’s partner financial institutions’ documentation and approval process for non-recourse project financing to identify key bottlenecks and documentation challenges
• Oversee training (if procured by MFK) for IPP developers, banks, KCGF, and local consultants on the use of the template documents and spreadsheets
• Support MFK, KCGF, and KCGF’s partner financial institutions (if needed) in facilitating the development of a pipeline of bankable RE IPP transactions in the standardized format for submission to the partner banks
• Aid MFK in establishing an Advisory Committee consisting of key renewable energy stakeholders including government regulators, commercial banks, and RE IPP developers to develop the standardized framework for renewable energy project financing
• Willingness to travel regularly and work periodically in Pristina, Kosovo is required