FSD Kenya County Green Project Preparation Facility at FSD Africa

SCOPE OF WORK
The consultant will manage the facility and be responsible for the following:
County Government Engagement in the County Green Investment Working Group:

• Responsible for working with the individual County Governments and their respective
• County Green Investment Working Groups including County Leadership and technical staff assigned tthe Working Groups. Examples of specific responsibilities include:
• Agree on a workplan for green project selection and preparation and related schedule of activities and deliverables.
• Ensure the activities and deliverables agreed twith the County Green Investment
• Working Group are met.
• Organise workshops, working sessions, presentations with the County Green Investment Working Groups as required.
• Secure a list of viable Green Priority Projects approved by the County Green Investment Working Group and County Government.
• Be actively cognisant of the varied development priorities, legislation, County Integrated
• Development Plan commitments, and fiscal dynamics in each selected county.
• Selection of Viable Green Priority Projects: Generate a group of viable green priority projects. Examples of specific responsibilities include:
• Using the FSD Kenya County Green Project Assessment as background, determine the number and scale of green projects that should be put through more rigorous due diligence processes which may include credit rating and verification.
• Develop an approach/toolkit tassess specific green project viability that addresses asset base, capability, risk etc., in terms of project financing, political economy, sectoral and macroeconomic risk, and apply this teach project and county.
• Shortlist all possible green priority projects ta small group of the most viable.
• Work with the County Green Investment Working Group tgenerate consensus on the top green priority projects that should be taken tthe project preparation stage.
• County Green Project Preparation: Prepare shortlisted county green priority projects financing. Examples of specific responsibilities include:
• Develop investment proposals for each shortlisted county green project cognisant of the range of appropriate green financial instruments available for both core projects financing and risk mitigation financing.
• Match investment proposals of the selected county projects tthe most appropriate source of finance cognisant of financier mandates, risk appetite, expectation of return, appetite for social return beyond green considerations etc.
• Match investment proposals tthe most appropriate green financial instruments that meet the objectives of green finance such as Government grants; development grants; guarantee funds; subsidies; concessionary loans; commercial loans; results-based finance; blended finance; ESSG Bonds etc.
• Propose financial architecture and arrangements in investment proposals that increase project viability and securing investment.
• Work with the County Green Investment Working Group tdetermine the roles and responsibilities of the County Government and/or assignment of parties within investment proposals developed.
• Recommend additional assessments for shortlisted county green priority projects.
• Support nominated professional parties tconduct further appraisals on the county green priority projects such as credit rating and green certification.
• Investor Awareness and Engagement: Responsible for generating communication that enhances investor understanding of and engagement with the investment proposals.

Examples of specific responsibilities include:

• Leverage the consultant’s network tcreate a presence and awareness of the county green investment opportunities with key investor groups and stakeholders such as development financiers, multilateral agencies, bilateral donors, banking institutions, capital market actors etc.

CALL FOR PROPOSALS

• Capture and integrate formal and informal feedback on investor concerns and suggestions intinvestment proposals as required/appropriate.
• Integrate County Governments, particularly County Green Investment Working Group members intthe investor engagement process and schedule of activities.
• Coordination with National Government Bodies with a focus on The National Treasury and Economic Planning: Coordinate and engage with National Government bodies for project preparation including National Treasury Economic Planning, and National Ministries, Departments and Agencies/Authorities as required. With the guidance and support of FSD Kenya, engage The National Treasury Economic Planning (TNT) on the progress of the facility. Examples of specific responsibilities include:
• Provide updates on the projects selected through the facility.
• Detail implications related tNational Treasury Guarantee requirements in all investment proposals including expected sources of financing, implication for national debt exposure and probable repayment expectations.
• Integrate regulatory requirements that pertain tinvestment proposals and ensure compliance, particularly fiscal and monetary policy.

Consultant to propose workplan and timelines for the above including the expected deliverables detailed in section 5.