Develop tools for analyzing the energy efficiency of sub-projects and assess the current state of the market for energy-saving investment loans
Summary
Description
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES – FIRMS SELECTION)
C2.2. 12: Develop tools for analyzing the energy efficiency of sub-projects and assess the current state of the market for energy-saving investment loans
The Socialist Republic of Vietnam has received a grant from the Green Climate Fund (GCF) through the World Bank (WB) for the Vietnam Scaling Up Energy Efficiency Project (VSUEE Project). The project will provide TA to support the implementation of VNEEP’s targets and the Paris Agreement on climate change mitigation measures in the industrial and energy sector. In addition, capacity building activities will address the knowledge, institutional, and capacity-building needs of the relevant stakeholders in the management and development of a national mechanism and policies on EE. Those efforts will be accompanied by the establishment of a risk-sharing facility, backed by a GCF Guarantee instrument, which aims to address current regulatory barriers to access commercial capital, mobilize local bank financing, and encourage stakeholders such as industrial enterprises and commercial banks to implement projects and develop an EE investment market. The project consists of two components: (i) GCF Risk Sharing Facility; (ii) Technical Assistance. Phase 1 of the Project was implemented from February 2022 through January 2026. In order to allow sufficient time to complete the Project’s objectives and activities, the Component 2 – Technical Assistance has been extended until the end of January 2027. Component 1 – Risk Sharing Facility was completed on schedule, coinciding with the project’s end date of January 31, 2026. The VSUEE Project Management Board (PMB) intends to use part of its grant to recruit a qualified consultant firm to develop tools for analyzing the energy efficiency of sub-projects and assess the current state of the market for energy-saving investment loans.
The consulting services (“the Services”) consists of providing support to develop tools for analyzing the energy efficiency of sub-projects and assess the current state of the market for energy-saving investment loans. The Consultant shall be responsible for:
- Develop standardized analytical tools and methodologies to evaluate the technical and financial performance of energy efficiency sub-projects (focusing on the industrial sector);
- Assess the current market for energy efficiency investment loans, including supply and demand for financing;
- Identify barriers to scaling up energy efficiency lending and propose mechanisms to strengthen the energy efficiency financing market;
- Provide practical guidance and tools that can be used by financial institutions and project developers to evaluate and finance energy efficiency investments;
- Develop recommendations for financial institutions on promoting energy efficiency lending.
The detailed Terms of Reference (TOR) for the assignment can be obtained by submitting a request to the email addresses indicated at the end of the REOI.
The VSUEE Project Management Board now invites eligible consulting firms (“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 Services and attachment the business license of firm. The shortlisting criteria are:
- Minimum 10-years’ experience in financing with specific experience in financing industrial EE projects;
- Knowledge and understanding of energy using equipment and processes in energy intensive industries;
- Experience in developing bankable project proposals, preferably with respect to energy projects;
- Understanding and experience with technical and financial appraisal of loan applications by banks and financial institutions;
- Experience working with projects funded by international financial institutions;
- Knowledge and understanding of innovative financing mechanisms and instruments;
- Proven knowledge of Vietnam’s industries and close relationship with enterprise community;
- Experience in conducting technical training programs.
This assignment will require the consultant to assemble a strong team experienced on the topics above, which collectively brings the range of skills needed for the different tasks (e.g. financial, economic and banking experts, energy efficiency experts/ training specialists etc).
The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016, revised November 2017 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
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.
Selection of consultant firm will be carried out by the Consultant’s Qualification Based Selection) (CQS) under World Bank Procurement Regulations for IPF Borrowers: Procurement in Investment Project Financing – Goods, Works, Non-Consulting and Consulting Services, July 2016. The contract will be a lump sum contract.
Further information can be obtained from VSUEE Project Management Board via email: vsueemoit@gmail.com during the hours from 09:00 a.m. to 17:00 p.m. in working days.
Expressions of Interest must be delivered in a written form to the address below in person (or by Post, or Email) by 16:00 on May 13, 2026.
Project Management Board of Vietnam Scaling up Energy Efficiency Project, Room 510, Building A, Ministry of Industry and Trade, 54 Hai Ba Trung str., Cua Nam Ward, Hanoi, Vietnam
E-mail address: vsueemoit@gmail.com
About This Opportunity
This is a consulting contract in the energy and power and finance and banking sectors, with a focus on Energy Efficiency, Banking and Investment. Located in Viet Nam, Asia, this opportunity is open to firms and consortiums. Proposals must be submitted before May 13, 2026.
Published through WB - World Bank, a multilateral development bank that follows standardized international procurement guidelines. Projects funded by multilateral institutions are generally open to international bidders from eligible member countries for consulting in the energy and power sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.