Study on Financing and Commercial Components for the ASEAN Submarine Power Cable Framework

The ASEAN Centre for Energy (ACE) has received financing from the World Bank toward the cost of the Clean Energy and Power Trade Development in Southeast Asia Project as Phase 1 of the Multi-Phase Programmatic Approach Accelerating Sustainable Energy Transition/MPA ASET (P181555) and intends to apply part of the proceeds for Consulting Firm to develop a Study on Financing and Commercial Components for the ASEAN Submarine Power Cable Framework. The consulting services (“the Services”) include assessing electricity demand and potential anchor off-takers along priority submarine power cable corridors; developing minimum investment-readiness and bankability criteria; evaluating financing strategies, risk allocation, and investor protection mechanisms; developing ownership, cost allocation, and operational governance options; establishing harmonised commercial and settlement principles for cross-border electricity trading; and developing and applying an investment readiness maturity assessment tool to identify gaps, prioritise submarine interconnection projects, and support project preparation and potential financing. The assignment is expected to run for over a period of ten (10) months commencing from tentatively in January 2027. Actual commencement date will be communicated with the consulting firm that is successfully selected from the procurement process. ACE 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. Interested Consultants must submit detailed documentary evidence indicating credentials to perform the services including company profiles, core business description, description of similar assignments and experience in similar conditions, qualifications relevant to this field, brochures (if available) and other relevant information. The shortlisting criteria are: A. Qualifying Criteria (Eligibility Requirement) – Pass/Fail: 1. The consulting firm must demonstrate relevant professional experience in providing consulting or advisory services in the energy sector, power infrastructure, infrastructure financing, or related fields. 2. The consulting firm must demonstrate experience in at least two (2) completed or substantially completed assignments involving power transmission infrastructure, electricity interconnection, cross-border el