An international consortium, led by Ricardo, has been awarded a 4-year framework agreement to provide consultancy services to the European Investment Bank (EIB), supporting investment projects in the energy sector around the world.
The appointment extends Ricardo’s relationship with the EIB, which includes an ongoing project to provide institutional support and capacity building to the Power Division of the Ministry of Power, Energy and Mineral Resources in Bangladesh.
“We will draw upon our experience in supporting multilateral lending agencies to develop investment projects in the energy sector around the globe to provide the world-class consultancy services that the EIB has come to expect from us.”
The Ricardo consortium will support the Projects Directorate of the EIB with a range of activities for its countries of operations, both within and outside the European Union. These will include:
- Performing technical, economic, financial, procurement, environmental and social appraisal and monitoring of energy projects
- Providing project preparation, implementation and institutional support for promoters, including undertaking major technical assistance programmes
- Delivering expertise in engineering and economics for essential studies and research projects
Led by Ricardo, the consortium includes BERNARD Ingenieure ZT GmbH of Austria, the National Renewable Energy Centre (CENER) of Spain, the Danish Energy Management, and Sweco and WSP, both of the UK. Ricardo was chosen due to the expertise and experience offered in renewable and conventional power generation, energy efficiency, storage and networks, and pipelines.
The consortium’s team of energy specialists have supported projects in across Europe, the Mediterranean neighbourhood, sub-Saharan Africa, Asia, South America, the Caribbean, and Pacific nations and territories.
Jonathan Hedgecock, a technical director at Ricardo Energy & Environment, said: “Ricardo is delighted to be extending our excellent relationship with the EIB over the next four years through this framework. We will draw upon our experience in supporting multilateral lending agencies to develop investment projects in the energy sector around the globe to provide the world-class consultancy services that the EIB has come to expect from us.”
Ricardo supports governments, public bodies and private sector companies around the world to identify techno-economic solutions to their generation, network and energy efficiency challenges. This includes supporting the implementation of robust, efficient and sustainable energy infrastructure, including networks that facilitate growth of low carbon technologies whilst maintaining reliability of supply.
To find out more about Ricardo’s services to the energy sector, visit here