Development of Policy, Legal, and Insitutional Framework for - ppiaf
Development of Policy, Legal, and Insitutional Framework for - ppiaf
Development of Policy, Legal, and Insitutional Framework for - ppiaf
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<strong>Development</strong> <strong>of</strong> <strong>Policy</strong>, <strong>Legal</strong>, & Institutional <strong>Framework</strong> <strong>for</strong> the PPP Program in Malawi<br />
Final Report<br />
5. Qualification Criteria<br />
5.1 Prequalification will be based on meeting the minimum pass/fail criteria in any<br />
one <strong>of</strong> the categories specified below, as well as on achieving an overall score<br />
higher than the specified minimum score. The three categories represent the<br />
Applicant’s ability to develop IPP projects, its power generation experience, <strong>and</strong><br />
its financial strength.<br />
5.2 An Applicant’s score will be based on its responses to this prequalification<br />
document as contained in the <strong>for</strong>ms attached to the Letter <strong>of</strong> Application (refer<br />
Form 1 up to Form 6).<br />
5.3 Prequalification will be based on the Applicant’s per<strong>for</strong>mance in the three stated<br />
categories (see below). The Applicant shall meet the required prequalification<br />
st<strong>and</strong>ards by completing the attached <strong>for</strong>ms in respect <strong>of</strong> each category.<br />
5.4 IPP <strong>Development</strong> Track record – The Applicant shall demonstrate a track<br />
record <strong>of</strong> successfully financing <strong>and</strong> developing IPP projects on a BOO basis <strong>for</strong><br />
projects <strong>of</strong> comparable scale <strong>and</strong> complexity as the subject Project with capital<br />
size <strong>of</strong> not less than USD ___ million. The Applicant shall set out its general BOO<br />
experience in the <strong>for</strong>mat provided in Form 4.<br />
5.5 Power Plant Experience – The Applicant shall have sufficient experience as<br />
EPC Contractor, or principle plant Supplier, or operating successfully power<br />
plants <strong>of</strong> size minimum ___ MW each unit <strong>for</strong> ___ fired plant or ___ MW per unit /<br />
___ MW per block <strong>for</strong> non ___ fired plant. The Applicant shall set out its particular<br />
experience in power generation projects in <strong>for</strong>mat provided in Form 5.<br />
5.6 Financial Strength – The Applicant’s financial capability shall be sound <strong>and</strong><br />
satisfactory <strong>and</strong> will be evaluated in terms <strong>of</strong> net assets <strong>and</strong> net pr<strong>of</strong>it. A copy <strong>of</strong><br />
its audited financial statements together with audit opinion (including a translation<br />
into USD equivalent) <strong>for</strong> the last 2 years shall be submitted <strong>and</strong> must<br />
demonstrate the soundness <strong>of</strong> the Applicant’s financial position. Where<br />
necessary, PPC will make inquiries with the Applicant’s bankers with the<br />
Applicant’s consent. The Applicant shall set out its financial position in the <strong>for</strong>mat<br />
provided in Form 6. The Applicant shall have net pr<strong>of</strong>it <strong>of</strong> minimum USD ___<br />
Million p.a. <strong>and</strong> total assets <strong>of</strong> not less than USD ___ Million <strong>for</strong> a consortium.<br />
5.7 Scoring Points<br />
Evaluations <strong>for</strong> prequalification will be per<strong>for</strong>med in two (2) stages, firstly pass<br />
<strong>and</strong> fail evaluation, secondly scoring criteria. To pre-qualify, the Applicant must<br />
pass both evaluations.<br />
For Stage 1: Pass <strong>and</strong> Fail Criteria, the Applicant, either single applicant or total<br />
<strong>of</strong> the consortium, shall pass the minimum requirement <strong>for</strong> the following three<br />
categories: (i) IPP <strong>Development</strong> Track Record, (ii) Power-Plant Experience, <strong>and</strong><br />
(iii) Financial Strength.<br />
THE INSTITUTE FOR PUBLIC-PRIVATE PARTNERSHIPS 155