Project Analyst - Energy Efficiency Investment (NPSA-9)

The objective of this project is to enable the transformation of the market for investments in EE in public buildings in the country, by using the Energy Service Company (ESCO) modality, utilizing Energy Performance Contract (EPC), facilitated by introducing a single nationwide energy management information systems (EMIS) for Ukraine.

The project has four components which are as follows:

• Component 1: Formulation and introduction of a streamlined and comprehensive legal/regulatory, and policy framework for promoting energy efficiency in public buildings.
• Component 2: Promotion of private investment in energy efficiency in public buildings through appropriate catalytic financial incentives.
• Component 3: Demonstration of the implementation of EPC modality for energy efficiency initiatives in public buildings in different cities/municipalities.
• Component 4: Establishment and operationalization of a National Energy Management and Information (NEMIS) and a NEMIS Database.

Under Component 2, the Project is to promote private investment in energy efficiency in public buildings through appropriate catalytic financial incentives, including the establishment of a Financial Support Mechanism (FSM).

The Project has developed and piloted various financial tools:

• “Enhanced ESCO” model where the municipality and UNDP finance the measures with a long payback period;
• insurance contract with the ESCO company (as a risks mitigation measure);
• “ESCO Factoring” banking financing product to provide affordable lending for ESCO EPC projects;
• “Municipal ESCO” model where ESCO is created through a transformation of municipality-owned energy supply enterprise;
• “ESCO management” result-based service model.

To this end, UNDP is seeking a knowledge champion in the field of ESCO market development who will lead the activities under Component 2 of the Project.

• Lead the project activities on developing investment solutions for ESCOs.
• Guide the project team and short time consultants in all matters related to investment aspects of the project’s activities.
• Identify and describe current and potential sources of financing for energy efficiency projects in public buildings in Ukraine.
• Assess the current and potential funding sources and needs to significantly enhance the energy efficiency, meet the Government’s energy and greenhouse gas emissions (GHGs) reduction targets, and develop and implement energy efficiency projects in the public buildings sector in Ukraine, and identify any gaps.
• Identify and describe market, financial and regulatory barriers to address the identified gaps.
• Recommend specific solutions, including how to remove identified market, financial and regulatory barriers.
• Assess the potential banking and investment solutions that can be developed and implemented under the Project for supporting EE projects in public buildings.
• Design project activities leading to the design and development of feasible investment models and schemes to be promoted by the Project, which will facilitate the  funding of EE projects in public buildings.
• Guide and supervise upon request of the Project Manager, work of consultant and experts providing advisory services to municipalities and other relevant stakeholders;
• Recommend design of the investment mechanism/scheme/tools and help develop EE investment products for EE projects in public buildings that will be promoted and facilitated under the Project.
• Work closely with the banking and financial sector and regulators to help remove identified barriers and operationalize the recommended/developed investment mechanism/scheme/tools for EE projects in the public buildings sector.
• Work closely with others related to Energy and Environment projects of the organization to improve the environment for green and sustainable finance in Ukraine.
• Design capacity building program for the existing (or identified and supported by the Project) financial institutions on funding EE projects, if deemed feasible.
• Design project activities that will involve the provision of technical assistance services to investment scheme applicants, where necessary.
• Assist in preparing concrete follow-up project proposals for the implementation of the developed EE investment mechanisms.
• Undertake other duties that contribute to the effective implementation of the Project.

Institutional Arrangement

Under the supervision of the Project Manager and the guidance of the Chief Technical Advisor on ESCO, the Project Analyst on Energy Efficiency Investment is fully responsible for the implementation of Component 2 of the Removing Barriers to increase investment in Energy Efficiency in Public Buildings in Ukraine through the ESCO Modality in Small and Medium-Sized Cities project according to the project document, UNDP corporate rules, and procedures and for fulfilling the following function. The Energy Efficiency Investment Analyst is responsible for the supervision of individual contractors under Component 2.

• Master’s degree (or equivalent) in Economics, Project Management, Banking, Business Administration, Law, Environment, preferably related to investment and legal aspects.
• Bachelor`s degree with 2 additional years of relevant experience will be given due consideration in lieu of Master’s degree.

• Minimum 2 years (with Master’s degree) or 4 years (with Bachelor's degree) of’ working experience in investments, project/programme support, including some experience in project funds related to the energy sector.
• Strong background in cooperation and maintaining high-level contacts with the Government Bodies and IFIs;
• Experience in the development of investment instruments/mechanisms/tools and/or products, for the energy efficiency sector;
• Proven prior working experience with similar assignments within a reputable international organization or governmental body.
• Proven prior experience of professional or advisory services to the Government (or national level counterparts) and/or reputable international organizations will be an advantage;
• Experience of work with local banks will be an asset.

Languages:

• Fluency in written and spoken English, Russian, and Ukrainian is required.

Skills:

• Understanding financial and regulatory barriers to funding EE projects will be an asset;
• Proficiency in the use of office software packages (MS Word, Excel, etc.) and advanced knowledge of spreadsheet and database packages, experience in handling web-based management systems is an  advantage.