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Audit of the Financial Statements of WB projects

Published: 27 February 2025 г.

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – FIRMS SELECTION) 

Kyrgyz Energy Modernization and Sustainable Development (KEMS) (IDA Credit 71470 / Grant E0690 / Grant TF-B9767)

Kyrgyz Renewable Energy Development (KRED) (IDA Credit 73700 / Grant TF-C3790 / Grant TF-C3809)

Technical assistance for the Kambarata HPP-1 project (KA1) (IDA Credit 74220 / Grant TF-C1818) and Additional Financing (IDA Credit 76010 / Grant TF-C4773) 

Reference No. (as per Procurement Plans):

KEMS: KG/KEMS/CS/2023/LCS-01

KRED: KG/KRED/CS/2023/LCS-01

KA1: KG/KA1/CS/2023/LCS-01

The Cabinet of Ministers of the Kyrgyz Republic has received financing from the World Bank towards the cost of the Projects: Kyrgyz Energy Modernization and Sustainable Development (KEMS); Kyrgyz Renewable Energy Development (KRED); Technical assistance for the Kambarata HPP-1 project; Additional Financing for the Technical assistance for the Kambarata HPP-1 project (AF KA-1); and intends to apply part of the proceeds for consulting services.

The consulting services (“the Services”) include the audit of the projects’ financial statements to express professional opinions on the projects’ financial position:

  • KEMS project – as at the end of December 31, 2023; December 31, 2024; December 31, 2025; December 31, 2026; December 31, 2027, and including Grace period till April 30, 2028; and of the income and expenditure for the accounting period ending on that date;
  • KRED project – as at the end of December 31, 2025; December 31, 2026; December 31, 2027; and of the income and expenditure for the accounting period ending on that date;
  • Original financing of the Technical Assistance for Kambarata-1 Hydropower project – as at the end of December 31, 2024; December 31, 2025; and of the income and expenditure for the accounting period ending on that date;
  • Additional financing of the Technical Assistance for Kambarata-1 Hydropower project – as at the end of December 31, 2025; December 31, 2026; December 31, 2027; and of the income and expenditure for the accounting period ending on that date;

The detailed Terms of Reference (TOR) for the assignment are attached to this request for expressions of interest and can be found at the following link: https://minenergo.gov.kg/media/uploads/2025/02/27/terms_of_reference_-_financial_stamements_audit_kems_kred_ka-1_af-ka-1_eng_final_17012025.docx

The PMO under the Ministry of Energy of the Kyrgyz Republic 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. The shortlisting criteria are as follows:

  1. Overall experience of the firm (7 years) in the field of assignment;
  2. At least three similar assignments - completed during the last five years;
  3. General experience and qualification of the key personnel;
  4. Should be on the list of the World Bank – ECA – List of Eligible Audit Firms.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” November 2020 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

Consultants may associate with other firms in the form of a joint venture or a sub-consultancy to enhance their qualifications (type of association shall be clearly indicated in the proposal). The Consultants may submit their Expressions of Interest as individual firms or associate in the form of joint venture or sub-consultancy. However, the qualification of the sub-consultant will not be evaluated when forming the shortlist. In case of joint venture, all the members of the joint venture should individually meet shortlisting criteria and shall be jointly and severally liable for the entire assignment, if selected.

A Consultant will be selected in accordance with the Least Cost Selection (LCS) method set out in the Procurement Regulations.

Further information can be obtained at the address below during office hours 09:00 to 18:00. 

Expressions of interest must be prepared in English and be delivered in a written form to the address below (in person, or by mail, or by e-mail) by 16:00 of Bishkek local time on March 13, 2025. 

Attn: Mr. Emil Mukhambetov, Director

Project Management Office (PMO) Under the Ministry of Energy of the Kyrgyz Republic

326 Jibek-Jolu str., 720040, Bishkek, Kyrgyz Republic
Tel.: +996 (312) 67 05 01

E-mail: pmo.kgz@gmail.com