Design of Risk Management Framework for a New Multilateral Development Organisation
The International Financial Facility for Education (IFFEd) is a new multilateral organisation that will provide portfolio guarantees to multilateral development banks (MDBs).
Senior Risk Management Specialist Services to Support the Implementation of the Conditionally Repayable Contributions (CRC) Pilot
FMA is providing expert risk management governance advice and guidance to support and advance the implementation and deployment of the CRC pilot innovative finance programming across Global Affairs Canada for the International Development Assistance Program.
Risk Management Technical Guidance for Canada’s Innovative Finance for Sustainable Development Programs
FMA advised Global Affairs Canada’s Office of Innovative Finance, which plays a risk management role in relation to Canada’s innovative finance for sustainable development programs.
Reallocation of Capital to Innovative Impact Investing Strategies
The Deutsche Bank Microcredit Development Fund (DB MDF) requested advice to reallocate its capital to another innovative investment strategy focused on financial inclusion in developing countries.
Due Diligence and Investment Structuring for Accelerating the Growth of Impact Investing Funds
Delphos – FMA advised the JW McConnell Family Foundation’s Solutions Finance Accelerator Program in assessing applications to provide concessionary capital and grant financing to selected emerging “social finance intermediaries” (impact investing funds) in Canada.
Debt Restructuring Solutions for Microfinance Institutions
CGAP requested advice to explore possible options to restructure the defaulted financial obligation of microfinance institutions (MFIs) in Lebanon, as well as to design a blended finance facility to benefit from donor funding and be used as part of the MFIs’ debt restructuring packages.
Due Diligence and Investment Structuring for Clean Energy Projects
Delphos – FMA supported the JW McConnell Family Foundation in conducting thorough due diligence of potential financings to post-secondary institutions to support their switch to clean electricity through a Direct Power Purchase Agreement of renewable energy with the Province of Nova Scotia, Canada.
Risk Management Governance Advisory for a Climate Financing Multilateral Organisation
Delphos – FMA, in consortium with another consulting firm, advised the Green Climate Fund (GCF) in the assessment and revisions of its Risk Management Framework (RMF).
Feasibility Study, Design and Launch of a New SME Impact Investing Fund
Delphos – FMA supported Fondo de Fondos in the launch of a new impact investing fund that will contribute to the access by SMEs and SME lenders to the local debt capital market in Mexico.
Feasibility Study and Design of a New Agriculture MSME Impact Investing Fund
Delphos – FMA assisted MCE Social Capital in conducting a feasibility assessment and fund design of a new impact investing fund to provide financing to micro-, small- and middle-sized enterprises operating in the agriculture sector in developing countries.
Feasibility Study for the Expansion of a Disaster Risk Financing Facility
Delphos – FMA was engaged by the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to conduct a feasibility study for the expansion of CCRIF within the offering of disaster risk insurances and other potential forms of financial support.
LNG Import and Distribution Project in Guinea
Delphos engaged as a subcontractor on a USTDA-funded feasibility study to assess the economic, financial and technical viability of a liquefied natural gas (LNG) receiving terminal and distribution network.
Off-Shore Wind Farm in Jamaica
Delphos is assisting Keystone Engineering, Inc., an energy firm specializing in development and construction support of offshore wind and oil and gas platforms.
Launch of Two Pioneering IPPs in Gambia
Delphos is providing advisory services to support the Government of Gambia, as assisted by the African Legal Support Facility (“ALSF”).
385 MW Gas-to-Power Feasibility Study in Cameroon
Delphos won an international tender from the Government of Cameroon to perform technical, economic, financial, legal, and regulatory advisory services related to a gas-to-electricity power project in southwest Cameroon.
150 MW Hybrid Renewable Energy Project in Zambia
Delphos is advising a developer, Upepo, in relation to the Masaiti Energy Project, a 150 MW hybrid renewable energy plant, consisting of 100 MW of wind, 50 MW of PV solar, and 20 megawatt-hours of battery storage.
Sustainable Energy Project in Pakistan
Delphos is advising the Government of Pakistan under USAID’s Sustainable Energy for Pakistan (“SEP”) Project. This four-year project is supporting the Government of Pakistan’s efforts to increase the sustainable delivery of energy services to support economic and social development of the country. It aims to facilitate private sector participation and investment in clean and sustainable […]
170 MW Near-shore Wind Power Project in Vietnam
Phu Cuong Group (“PCG”) retained DNV KEMA Renewables, Inc. (“DNV GL”) to prepare a feasibility study for the 170 MW Phu Cuong Wind Farm in Soc Trang Province in Vietnam.
520 MW Geothermal IPP in Ethiopia
Delphos is currently advising Tulu Moye Geothermal Operations on the development of 520 MW (over $2 billion of project costs) of geothermal power generation at Tulu Moye, Ethiopia.
Solar Mini-Grids in India
In support of Tata Power’s bold goal of installing 50,000 mini-grids in India, Delphos prepared a project teaser, held discussions with more than 100 key funding sources and donors, managed a funding source tracking list, and delivered a final report with potential capital structures including concessional funding options and key findings.
Solar Projects in Jordan
Delphos advised the consortium on all financial aspects for a final bid in response to a government tender for 200 MW of PV solar capacity. Delphos’s services included construction of a financial model, review and comments on all tender documentation and project agreements, developing an optimal financial structure, and coordination and selection a preferred pre-bid […]
Financing a Large Hydropower Portfolio in Panama
The government of Panama sold controlling shareholdings in four generation companies through a competitive international bid.
Financing Options for Decentralized Mini – Grids in Myanmar
Delphos was contracted by the Rockefeller Foundation and Smart Power to provide a financing options assessment for decentralized renewable energy mini-grids in Myanmar.
78 MW Gas-Fired Project in Mozambique
Delphos is assisting Kuikila, a Portuguese developer backed by Actis, with the development of a 78 MW gas-fired power plant.
Pioneering Geothermal Power Project in the Philippines
As financial advisor to Ormat, Delphos utilized a USTDA feasibility study to arrange two U.S. Ex-Im Mixed Credit facilities (a tied-aid structure consisting of 65% loan and 35% USAID grant) for two geothermal projects in the Philippines (Mak Ban and Bacon Manito).
Energy Project Development and Technology Advisory Services in Myanmar
Delphos led a consortium of technical, economic, environmental, and legal advisors.
Feasibility of Multilateral Power Trade in ASEAN Member States
Delphos examined examples of regions throughout the world that have established or are attempting to establish cross-border, multilateral power trading and identifying best practices and lessons learned that are relevant to the ASEAN context and prepared a feasibility report on multilateral power trade mechanism in ASEAN region. As part of the engagement, Delphos examined the […]
Integrated Coal-to-Power IPP in Botswana
Since July 2007, Delphos International and its consortium partners helped the GoB develop the large-scale Mmamabula electricity and coal project. The consortium team consists of experts from Delphos International, Hunton & Williams, and London Economics.
Power Plant Modernization in Romania
Delphos completed an analysis of financing options for a U.S. Trade and Development Agency (“USTDA”) funded feasibility study for the installation of flue-gas desulphurization systems at a major Romanian lignite-fired combined heat and power plant.
Integrated Wind/Battery Storage Project in Kenya
Delphos is acting as the prime contractor on a USTDA-funded feasibility study for an Actis-backed 50 MW wind power project with integrated battery storage in Kenya.
Wind & Solar Energy Project in Latin America & Caribbean
Delphos advised the Carbon War Room, an NGO founded by Sir Richard Branson with an aim to reduce carbon emissions, on its effort to develop renewable energy projects as part of its Ten Island Challenge Initiative.
Hydropower Plant Feasibility Study in Rwanda
Delphos served as a financial advisor to the Government of Rwanda’s (“GoR”) Ministry of Infrastructure for the financing of two greenfield, run-of-the-river hydropower facilities, a 27.8 MW capacity facility in Nyaborongo and a 9.5 MW capacity facility in Rukarara.
Ethanol Production Plant in Brazil
Delphos performed financial and market due diligence for the Overseas Private Investment Corporation (“OPIC”) on a proposed $173 million greenfield ethanol production facility in Sao Paulo state, Brazil.
Distco Modernization Study in Nigeria
Delphos served as a prime contractor on a USTDA-sponsored feasibility study for implementing modern distribution technologies in the Eko and Ikeja electricity distribution networks in Nigeria.
Off-Grid C&I Platform Financing in Nigeria
Delphos acted as the sole financial advisor to Starsight Power Utility Limited (“Starsight”), a leading energy services provider based in Lagos, in obtaining $10 million in long-term senior debt financing from Finnfund and Norfund.
Financing for a Major Coal-Fired Plant in Botswana
Delphos advised the Government of Botswana and Botswana Power Corporation (“BPC”) on the financing of the 600 MW Morupule B coal-fired power project, including associated transmission and water supply infrastructure, with total project costs estimated at $1.6 billion.
One of the First Power Financings in Kosovo
Triangle General Contractors of Brooklyn, NY, utilized a $5.5 million loan from the Overseas Private Investment Corporation (“OPIC”) to reconstruct the 8.3-megawatt Kozhner hydropower facility in the western Decan region of Kosovo.
330 MW Sarulla Geothermal Power Project
Delphos served as a sole advisor to an Ormat-led consortium to raise over $350 million of senior debt from the Asian Development Bank (“ADB”) to construct, operate, and maintain the Sarulla geothermal project in Indonesia with total generation capacity of 330 MW.
First Competitively Bid Power Project – 20-year IFC financing in Mexico
Delphos was a co-financial advisor with Sanwa Bank to a consortium of The AES Corporation, Nichimen Corporation, and Group Hermes, which won a contract to build a 484 MW combined-cycle gas-fired power plant on a BOO basis in Mexico.
4,500 MW Hydro Power Project in Pakistan
Delphos served as a subcontractor to IMG Rebel on a financial structuring engagement funded by the United States Agency for International Development (“USAID”) for the landmark 4,500 MW Diamer Bhasha Dam Project (“DBDP”) in Pakistan with total project costs estimated at $13 billion.
Utility-Scale PV Solar Power Plant in Morocco
Delphos serves as a member of a team of financial, technical, regulatory/legal, and environmental experts retained by the National Agency for the Development of Renewable Energy and Energy Efficiency (“ADEREE”) to assess the feasibility of a 5 MW PV solar power plant in Essaouira, Morocco.
Pilot Rooftop PV Solar Project in Morocco
Delphos served as a member of a team of financial, technical, regulatory/legal, and environmental experts retained by SNTL, the largest logistics company in Morocco.
350 MW PV Solar Portfolio for Government of Angola
Delphos, as Seacor Worldwide Inc.’s financial advisor, advocated on its behalf to significantly reduce past due receivables through coordinated efforts with the Department of Commerce, Embassy of Angola and U.S.-Angola Chamber of Commerce.
Power Plant Expansion & Modernization in Bosnia TPP
Delphos supported Javno preduzeće Elektroprivreda Bosne i Hercegovine d.d. Sarajevo (“JP EPBiH”), a public power utility company, with the development of a new 450 MW lignite unit (“Unit 7”) and expansion of the Tuzla thermal power plant in Bosnia and Herzegovina.
Gas Pipeline Expansion in Eastern Europe
Delphos International served as a subcontractor to Granherne, Inc. on the USTDA funded feasibility study to assess the viability of two pipeline expansion projects put forth by Transgaz S.A.
Utility-Scale PV Solar Projects in Multiple Countries
Delphos assisted SunEdison, a leading global PV solar developer, on structuring a holding company for its development and
construction activities in Africa and Asia. Delphos structured and raised a $55 million equity investment from IFC into the holding
National Gas-To-Power Initiative in South Africa
Delphos was selected by USTDA as a prime contractor to provide project preparation advisory services to support the Government of South Africa’s plans to develop its natural gas sector.
Utility-scale Renewable Energy Generation in Belize
Delphos assisted DNV GL Group, a renewable energy consulting firm, on the economic and financial analysis and assessment for a feasibility study to help expand utility-scale renewable energy generation in Belize.
First IFC/MBIA Co-Financing – $240 Million in Financing in El Salvador
MBIA, the Armonk, NY based monoline insurance company, and the International Finance Corporation (“IFC”) invested a total of $240 million to support the expansion of the electricity distribution networks in El Salvador, to bring much needed benefits to the rural areas of the country.
Financing and Carbon Credits for First Private Hydropower Plant in India
Delphos has worked with Dodson-Lindblom (“DLI”) on numerous occasions. The firm first acted as an advisor to DLI in 1999 by helping to raise $10 million in project financing for a 12 MW rehabilitation project in the State of Maharashtra near Mumbai, India; this was the first private hydropower project in India.
Wind Power Project in Dominican Republic
Delphos was the sole financial advisor to the Consorcio Energetico de Punta Cana Macao (“CEPM”) for a wind power project in the Dominican Republic, and assisted the company in obtaining financing from the International Finance Corporation (“IFC”).
Award-Winning IPP Financing in Bulgaria
Delphos served as a financial advisor to The AES Corporation on this greenfield, lignite-fired project with installed capacity of 670 MW, which received Project Finance magazine’s Power Deal of the Year award in 2005 for Europe.
Transmission Line Feasibility Study in Ghana
Delphos won a competitive tender from GRIDCo, Ghana’s national transmission grid operator, to lead an advisory team of engineering, financial, economic, regulatory, and environmental experts to assess the feasibility of two new 161 kV transmission lines stretching more than 330 km in eastern Ghana.
Orzunil Geothermal Power Project in Guatemala
As financial advisors to Ormat in a $65 million, 28 MW geothermal power project, Delphos arranged a senior loan facility of $45 million provided by International Finance Corporation (“IFC”) under an A/B loan structure.
595 MW Hydropower Project in Ecuador
Delphos was engaged by The World Bank Group’s Global Infrastructure Facility to advise the Government of Ecuador on the readiness of a 595 MW hydropower project for implementation on public-private partnership.
Hydroelectric Power Generation Study in Cameroon
Delphos served as the team leader in a consortium of financial, technical, market, legal/regulatory and environmental experts retained by the Government of Cameroon to assess the feasibility of construction and operation of a 75 MW hydropower facility and associated transmission infrastructure and upgrades in the northeast of the country.
Wind Power Project in Mexico
Delphos won an international tender from Baja California State Energy Commission to lead a U.S. Trade and Development Agency (“USTDA”)-funded feasibility study that assesses the financial, legal, technical, and environmental feasibility of a 50 MW wind power project in Baja California, Mexico.
Geothermal Power in Kenya
Delphos served as a financial advisor to Ormat International, Inc, who was awarded a “build, own, and operate” contract to develop a 48 MW geothermal power project in the Kenyan East Rift Valley, as a part of the government of Kenya’s efforts to increase the country’s electricity generating capabilities.
100 MW Near-Shore Wind Power Project in Vietnam
Delphos served as a financial advisor on a multidisciplinary team of experts led by DNV GL conducting a feasibility study for the 100 MW Tan Thuan near offshore wind farm located in the Mekong Delta, Ca Mau Province in Vietnam.
Education in Bulgaria
Delphos advised the U.S. Agency for International Development (“USAID”), which is the largest donor to American University in Bulgaria, on the University’s financial sustainability, strategic positioning, and long-term capital expenditure plans.
Multiplex Cinema Chain in Pakistan
Delphos served as the sole financial advisor to Cinepax Limited, the leading motion picture exhibitor and cinema chain in Pakistan, in obtaining debt support from the Overseas Private Investment Corporation (“OPIC”), the U.S. Government’s Development Finance Institution.
School Expansion in Ghana
Delphos helped arrange a senior debt facility of $950,000 from the Overseas Private Investment Corporation (“OPIC”) for the International Community School in Kumasi, Ghana in 2012.
Debt Sidecar for University Holding Company in Kenya
Delphos assisted Maarifa Edu Limited (“Maarifa”) in obtaining a $50 million loan commitment from the Overseas Private Investment Corporation “(OPIC”).
Insurance Company for the Disabled Project in Mexico
Delphos assisted Paralife Insurance obtain $6 million in launch equity from IFC and IDB to develop and market insurance products to disabled and low-income people in Latin America.
Rice Processing Facility in Indonesia
Delphos International was the financial advisor to Padi Murni, a greenfield rice processing and distribution facility in Southeast Asia.
Rice Processing Facility in Southeast Asia
Delphos was the financial advisor to Padi Murni, for a greenfield rice processing and distribution facility in Southeast Asia.
Agribusiness Fund in Eastern Europe
Delphos worked as an advisor to Agribusiness Management in the development of an Agribusiness Fund in Eastern Europe.
Warehousing Facility in Ivory Coast
Delphos International is currently serving as financial advisor to a leading commodity trader seeking to integrate and expand its presence in Africa.
Glass Manufacturing Plant in Russia
Agribusiness Partners International, a U.S. private equity fund, which is co-sponsored by Delphos, invested in a project which consisted of the expansion of Russian-American Glass Company, a leading bottle manufacturer, which sells to major multinational corporations in the spirit, beer and food industry.
Dairy Industry Development in Afghanistan
Delphos International serves as the financial advisor to Mountain Pastures Dairy Company, a venture-stage company formed to process and distribute dairy products in Afghanistan
IPP Procurement Framework for Ghana
Delphos developed recommendations on a new framework for competitive procurement and contracting of IPPs in Ghana.
Investment Fund in Afghanistan
Afghan Growth Finance (“AGF”) is a joint venture between Delphos and SEAF, a private equity fund manager.
Mortgage Finance Vehicle in Southeast Europe
Delphos International devised a business plan for a mortgage vehicle that would acquire mortgage bonds or pools of mortgages from bank or other mortgage originating institutions in SEE countries.
Financing for a Pan-African Lender to the Unbanked
Delphos served as the sole financial advisor to Bayport Management Ltd. (“Bayport”), a leading emerging market financial services group, in obtaining a long-term, unsecured, holding company-level loan of $250 million from the Overseas Private Investment Corporation (“OPIC”) to fund the client’s expansion efforts in Sub-Saharan Africa and Latin America.
Investment Fund in China
Delphos negotiated the participation of the Asian Development Bank (“ADB”) as a lead investor, obtaining ADB Board approval in the fall of 2000 for a $150 million investment.
Latin America Export Finance Fund
Delphos assisted Crecera Finance Management Company, Ltd (“Crecera”), the fund manager of Latin America Export Finance Fund, Ltd (“LAEFF”) to finance the expansion of its portfolio of short-term loans to underserved enterprises in the agricultural and commodities sector for the provision of pre-shipment or post-shipment export financing in Peru, Brazil, Colombia, and Uruguay.
Financial Services in Colombia & Dominican Republic
Delphos served as the sole financial advisor to Acord Capital (“Acord”), an industrial equipment leasing company operating in Colombia and the Dominican Republic, in obtaining debt financing from the Overseas Private Investment Corporation (“OPIC”), the U.S. Government’s Development Finance Institution.
Delphos Arranges OFID Loan for CAL Bank
Delphos and Avinture Group, acting as co-financial advisors to CAL Bank, raised $20 million in unsecured, long-term debt financing from the OPEC Fund for International Development (“OFID”) in support of CAL Bank’s growing lending activity.
Financing for Startup Agri-Bank in Ukraine
Delphos assisted its client AP Bank in structuring a $10 million commitment from OPIC to support the growth of its balance sheet.
Growth Fund for SMEs in Pakistan
Delphos is currently serving the Baltoro Growth Fund (BGF).
Pioneering PE Fund in South East Europe
The Southeast Europe Equity Fund made direct equity and equity-related investments in growing companies (such as cable operators) in nine countries in Southeast Europe with the help of Delphos.
Heavy Equipment Leasing Feasibility Study in Cameroon
Delphos was engaged by Diamond International, Inc., a private investment company in the U.S., who in partnership with Caterpillar Inc. has established Location Cameroon S.A., a Cameroon-registered company that will provide heavy equipment leasing, rental and services in West Africa.
Heavy Equipment Rental in Iraq
Delphos was hired by the Overseas Private Investment Corporation (“OPIC”) to perform due diligence on and determine the financial and market viability of Northern Gulf Rentals (“NGR”), a heavy equipment rental company in Iraq.
Infrastructure Fund Feasibility Study in Latin America
Delphos was engaged by the IDB to perform a feasibility and market study for the creation of the Pacific Alliance Infrastructure Fund (“PAIF”).
Infrastructure Equipment in Iraq
Ellicott Dredges Iraq, LLC (“EDI”), a subsidiary of Baltimore Dredge Enterprises, LLC, was established to support the construction, marketing, maintenance and spare parts distribution of dredges in Iraq.
Telecommunications Network Expansion in Bolivia
Delphos International provided financial, economic, management, and strategic advisory services for a national telecommunications network in Bolivia
Wireless Network Financing in Hungary
Delphos International structured and arranged a $209,000 grant through the USAID Capital Development Initiative for US WEST.
Greenfield Tier III Data Center in Kenya
Delphos International was the financial advisor to KOOBA Data Centres, a newly formed entity to build, own and operate data centers in East Afirca, beginning Mombasa, Kenya.
Wireless Expansion Project in the Slovak Republic
Delphos successfully raised $80 million in long-term limited recourse debt and political risk insurance for a wireless expansion project in the Slovak Republic sponsored by MediaOne (subsequently acquired by Deutsche Telekom) and Verizon.
Wireless Platform Financing in Russia
Delphos assisted on a project for Russian Telecommunications Development Corporation (“RTDC”), a company established by US West to construct mobile digital cellular networks in 12 Russian cities.
Information Technology in Russia
Delphos advised IBS, a leading Russian software developer and IT consulting firm, on a convertible debt investment of $13 million from the International Finance Corporation (“IFC”).
Telecommunication Towers in Peru & Ecuador
Delphos acted as the sole financial advisor to BTS Towers (“BTS”), a leading Latin American telecommunications tower operator, in obtaining $26 million in debt financing from the Overseas Private Investment Corporation (“OPIC”).
Telecom Network Privatization & Financing in Indonesia
Delphos assisted US West on its winning bid for the privatization of the West Java telephone network in Indonesia.
High Tech Solar Provider to Off-Grid Telecom Towers
Delphos advised AST on an approximately $400 million 80 MW project to provide turnkey power management solutions, including PV solar panels, to telecom tower operators in India.
ICT Project in Guatemala
Delphos arranged a loan of $9.7 million from the Overseas Private Investment Corporation (“OPIC”) to purchase fiber capacity, voice over IP equipment, and last mile wireless access equipment, as well as finance working capital and refinance high-cost leases for Newcom, Ltd.
Telecom and Media in East Africa
Delphos was hired by East Africa Capital Partners (“EACP”), the Manager of Africa Telecommunications, Media and Technology Fund I (“ATMT”) as a financial advisor to assist with its capital raising efforts.
Network Access Point Expansion in Brazil
Delphos served as financial advisor to Terremark Worldwide, Inc. (“Terremark”) on the expansion of the Network Access Point of Brazil, a state-of-the-art, massively-connected facility providing customers with a comprehensive suite of managed solutions including managed hosting, collocation, network, and security services.
Sustainable Luxury Resort in Panama
Delphos is assisting a Miami-based developer in securing and structuring debt financing for the construction and development of a sustainable luxury resort in the province of Bocas del Toro, Panama.
Resturant Chain Expansion in Brazil
Delphos International served as the exclusive debt advisor for The Fifties.
Low and Middle Income Rental Housing in South Africa
Delphos International was the transaction advisor for OPIC’s housing team to audit the financial model prior to finalization of a credit paper.