CALL FOR EXPRESSION OF INTEREST (EOI) Transition to End Coal (TRANSEND)

TRANSEND aims to facilitate the early retirement of fossil fuel-based power plants through innovative financial engineering with a pathway to channel capital to clean energy technologies. It aims to reduce early stage risks associated with these transactions by covering the upfront advisory costs, raising interest from Independent Power Producers (IPPs) to explore early retirement and reinvestment pathways. 

TRANSEND  has three components: (i) identification of asset-based financial restructuring schemes that enable an early closure of a fossil-fueled power production asset in combination with a reinvestment pathway to renewable energy assets, (ii) setting up of a revolving financing arrangement available for donor and financiers’ contributions to take financial engineering to a scale in Southeast Asia, and (iii) knowledge and dissemination. ETP will identify immediate cases and partnerships for component (i) and leverage that experience to implement components (ii) and (iii). 

TRANSEND facilitates a fair transition through its collaboration with the Just Coal Transition Platform (JCTP). The JCTP is implemented by ETP and the World Bank that aims to convene stakeholders affected by coal phaseout/phasedown to exchange knowledge and experience, as well as facilitate access to technical assistance. 

This Call for Expression of Interest (EOI) aims to identify Independent Power Producers (IPPs) interested to work with UNOPS ETP, under the TRANSEND project, to explore and undertake asset-based early retirement mechanisms.  Specifically, under this Call, ETP, through the TRANSEND project, aims to pilot support for components (i) and (iii).