Terms of Reference
Position Title:
Local Expert on Economic Assessment and Financial Mechanisms
Starting Date:
April 2014
Duration:
1 year with possible extension, based on successful performance
Duty Station:
Yerevan, Armenia
Project Title:
“Green Urban Lighting” UNDP-GEF/00074869 Full-sized Project
Background
The overarching goal of the project is to save energy and to reduce emissions of greenhouse gases by
increasing energy efficiency of municipal lighting in the cities of Armenia via implementation of municipal
investment programs and national policies. The proposed project is in compliance with the national priorities
to strengthen the economic and energy independence of the Republic of Armenia by promoting resources
efficient and climate resilient growth.
To realize this objective, the proposed project will carry out several activities that will deliver specific outputs.
The work will be organized in four interrelated components: i) municipal energy audits and technical capacitybuilding; ii) demonstration projects; iii) replication via municipal lighting programs and associated financial
instruments; iv) national policies, codes, and standards on lighting. Collectively, these components seek to put
in place cornerstone policy instruments at both the municipal and national level, supported by technical, policyrelated, educational, and financial measures to raise capacity, reduce investor risk, and help assure successful
implementation.
These activities will contribute to UNDP’s goal of increasing access to sustainable energy services by
introducing regulatory and institutions frameworks and promoting technology transfer.
Description of responsibilities
Under the overall guidance of the UNDP Climate Change Programme Coordinator and direct supervision of
the Project Task Leader, and in close cooperation with national and international experts/consultants, the
incumbent will be tasked to assist the project team in undertaking the economic feasibility assessment of the
proposed pilot projects and measures and suggest financial mechanisms for ensuring the sustainable
investments in energy efficient public lighting systems. The incumbent shall perform the following activities:

Evaluate economic feasibility and sustainability of the demonstration energy efficient lighting pilot
projects and provide recommendations to the project team during the selection design and
implementation of the pilots.

Support the project in economic assessment of the pilot projects based on the outcomes of
periodic monitoring results.

Assist the project team and international consultant in conducting the street lighting system audit
of Yerevan city and in development of a comprehensive program for energy efficient improvement
of the system.

Participate in municipal lighting systems audits (in other cities of RA) and conduct economic
assessment part of the audit reporting.

Based on the work performed for Yerevan, support the project team in development of analogous
municipal lighting system improvement programs in other urban areas of Armenia.

Assist the project team in designing of a revolving-fund mechanism for recovery and reinvestment
of funds saved from the implementation of the pilot programs – to further finance new municipal
energy efficient lighting projects.

Support the project team and target municipalities in facilitation of linkages with international
financial institutions/donors and national public and private financing sources for implementation
of the energy efficiency lighting projects, including development of applications for grant/credit
funding of energy efficient lighting.

Study international experience in pricing and promoting the energy efficient and environmentally
friendly lighting technologies and provide recommendations for application of the best identified
practices for the local lighting market.

Assist the project team in development of informational materials on energy efficient lighting
products for stakeholders and general public via assessment of cost saving benefits of proposed
lighting technologies.

As a project team member participate in development of relevant legislation, standards and
regulations aimed as well as in elaboration of recommendations to amend the tariff policy with the
purpose to establish favourable and promotional environment for import, local production and
procurement of energy efficient lighting products.

Perform other duties as required.
Qualifications
- Master’s degree in economics;
- A minimum of 5 years of relevant experience as an economist preferable in the energy sector;
- Experience of working with international financial organizations;
- Outstanding time-management, communication and organizational skills;
- Good computer skills (MS Office) and knowledge of advanced software for the evaluation of energy
efficiency investments;
- Good knowledge of English is an asset.
Evaluation
Individual expert will be evaluated based on the following methodology:
Cumulative analysis
When using this weighted scoring method, the award of the contract should be made to the individual
consultant whose offer has been evaluated and determined as:
a) responsive/compliant/acceptable, and
b) having received the highest score out of a pre-determined set of weighted technical and financial criteria
specific to the solicitation.
* Technical Criteria weight: 80;
* Financial Criteria weight: 20;
* Only candidates obtaining a minimum of 60 points under Technical Criteria would be considered for the
Financial Evaluation.
Criteria Description
Technical
A
Experience an economist in the energy sector
B
Experience in performing feasibility studies and economic analysis for energy
related projects
C
Knowledge of financial mechanisms applied in the sector locally and internationally
to promote energy efficiency investments
Financial
Max. Point
80
25
25
30
20