ECA provides advice to private investors as well as international financial institutions on the major risks for investments in the water and energy sectors. As part of these studies, we assess the key commercial risks on the basis of projected demand dynamics, the major regulatory risks and financial risks of potential investments. Our clients include large international banks, investment funds, independent power generation project developers as well as IFC, EIB, EBRD and the World Bank.
Projects
Market due diligence for power generation projects in Turkey
ECA acted as lenders’ advisers to assess the current and future regulatory framework in electricity and gas, long term scenarios for the electricity market including plant dispatch and market prices.
Investment appraisals for projects in the water sector in Africa
As the financial and institutional experts for the EIB, ECA advised on the financial sustainability, co-financing opportunities, economic viability, institutional arrangements, and opportunities for PPP for five projects in the water sector in Zambia, Ghana, Burundi and Rwanda.
Market study of gas transmission expansion in FYROM
Assessment of key regulatory and commercial risks for possible EBRD financing of Macedonian gas transmission expansion systems.
Market study for solar power plant, Romania
ECA assessed the electricity and Green Certificate markets in Romania in light of an investment in a solar plant in Romania. This included an assessment of the regulatory environment for generation investment with a particular focus on renewable energy sources (RES) and solar specifically.
Financial feasibility of hydropower plant in Kenya
Financial feasibility assessment covering recommendations on cost of capital, provisions of financial projections and identification of financial risk associated with the project.
Solar plant due diligence, Bulgaria
Advised on the market development, pricing and regulatory framework in Bulgaria for a solar PV project seeking finance.
Ghana IPP due diligence
Commercial and regulatory due diligence for a gas fired independent power plant in Ghana with a particular focus on assessing the credit worthiness of gas the electricity offtaker.
Financial assessment of electricity distribution companies
Financial due diligence for the Hanoi and Ho Chi Minh City distribution companies ahead of a planned ADB loan to fund transmission and distribution network expansion.
Gas storage market analysis
For a private client, ECA provided a value of gas in storage given the costs of supply interruptions. The study provided an assessment of the market opportunities and risks for storage, and the resulting economic value of the potential projects.