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The Organization: IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $15 billion in fiscal 2009, helping channel capital into developing countries during the financial crisis. For more information, please visit www.ifc.org The Project: The Russia Renewable Energy Program (RREP) aims to reduce GHG emissions on a continuous basis by overcoming barriers to the development of sustainable renewable energy market in Russia by supporting the development of enabling policies, institutional capacity and market infrastructure, thereby unlocking opportunities for private sector investment. Russia is the 4th largest emitter of GHGs in the world, its energy intensity is one of the highest globally, while existing generation assets are nearing the end of their technical lifetime. There is a growing realization in Russia of benefits related to energy saved by increasing deployment of energy efficient and renewable energy (RE) technologies. However, RE development in Russia is still hindered by a number of regulatory, technical and commercial barriers. The time is currently ideal to address the systemic barriers to RE; there are indications of willingness to address these issues at the highest level: President Medvedev stated in July 2009: “We should no longer burn our energy reserves”, calling for the enhanced generation of alternative energy. In response to significant changes in the external macroeconomic environment and in the Russian domestic market, in 2008 the Russian Government (GoR) set a target of 4.5 % RE by 2020, while 2005 electricity generation from renewable sources represents less than 0.5% (excluding hydro with installed capacity over 25MW). Later, in January 2009, the GoR passed Order 1-p, which defines the main directions in the field of energy efficiency of electricity power industry on the basis of application of renewable energy sources for the period to 2020. According to Order 1-p, slow development of electricity generation from renewable sources is primarily due to lack of economic incentives vis-à-vis more traditional fossil fuels, institutional and regulatory barriers, lack of federal and regional renewable support programs, lack of infrastructure, inadequate scientific and technical support to design and use renewable energy power generators, and lack of appropriate information support and training. Reaching the RE target of 4.5% could require approximately 22GW of new installed capacity and displace more than 36 million tons of CO2/per year, representing approximately $44 billion in capital investment. To put this into context, it is estimated that Russia s power generation base will require $250-300 billion in investment through to 2020, in order to meet growing energy demands, retrofit aging assets, and replace retiring power generation assets. Unlocking Russia s RE industry will diversify its economy, stimulate economic growth, allow for sustainable replacement of aging generation assets, enable greater conservation, and reduce its exposure as one of the world s worst GHG emitters. The Program has three broader objectives with several related activities under each objective, namely: Objective 1: Support the development of regulatory and legal environment addressing key legal and regulatory issues and in particular the incentive frameworks for renewable electricity. The major activities here will include (i) improving the information basis for policy development; (ii) support a multi-agency working group on renewable energy legislation; (iii) consultation, consensus building and awareness creation; and (iv) development of supporting policies and bylaws. Objective 2: Support capacity building and removal of barriers related to the market infrastructure for various renewable energy technologies, and the applicability of those in Russia. To ensure that the actions are not overly diluted these activities will focus on 2-3 selected regions. Activities include (i) renewable energy resource assessments, (ii) contract and legal support to investors; and (iii) building capacity amongst, and developing tools and processes to support various stakeholder groups within the power market. Objective 3: Increase renewable energy financing, addressing availability of financial products needed by renewable energy developers and investors such as long term or project financing and the requirements to enable these products to be offered on the market to independent power producers, and other investors/developers. Activities include: (i) supporting IFC and other players direct investment in this sector, and through partner financial institutions, and (ii) capacity building in the banking sector with selected banks. Key Program's expected outcomes/impacts are: GHG emission reductions (CO2eq) (target: 5 million tons as a direct result of this project over a 20-year investment lifetime), indirect GHG emissions reductions estimated between 20 and 200 million tons lifetime. Adoption of an enabling regulatory and incentive framework for renewable based power, Total number of renewable energy projects reaching financial closure (target: 30), Investment facilitated into renewable energy projects (target US$ 366 million), New renewable power generation capacity installed (MWel) (target: 205 MWel), Total amount of electricity additionally generated (GWh) from new renewable energy installations (Target: 770 GWh / year by 2015). Scope of the job: The Project Manager will oversee all aspects of Program implementation including compliance with all donor obligations and agreements as well as all IFC and World Bank Group policies. The position is local, but in view of the complexity and scope of responsibility in this position the hiring department would also like to encourage candidates with an international profile to apply. Should s/he be selected through a competitive selection process over a local candidate, the terms will be commensurate with experience and status. | Duties and Accountabilities: | The Project Manager will serve as the overall manager of the Russia Renewable Energy Program, including: Oversee all aspects of further elaborating the design and implementation of the Program, including assuring that all Program work exemplifies internationally accepted best practice in project management practices. General project management including more specific project design according Program objectives and target impacts, and manage internal relationships for successful delivery; a. Manage relationships with WB and EBRD as project partners, work collaboratively with other business lines who have core expertise to contribute – as well as with the donor organization (GEF) as necessary in designing and executing program elements b. Collaborate with IFC investment officers in Russia in identifying and assessing areas of investment potential including assessment of specific investee companies/project opportunities; c. Exit Strategy – evaluating critical issues which may require contingency planning or closure of the program, or at the natural end of program life, planning for the program shut down and capture of knowledge, materials for future reference. d. Represent IFC in-country as needed. Timelines: developing a detailed project plan for the Program s various components, and managing deliverables, and reporting on progress according to agreed timelines; Project budget and financial management: develop a detailed project budget, manage and report on financial performance of the Project according to plan; a. Manage the cyclical reporting requirements both according to IFC and GEF guidelines b. Control expenditures according to IFC and donor guidelines; Stakeholder Engagement, Outreach and Policy Development: manage stakeholder mapping for the project and manage effective relationships and communication channels with all key stakeholders a. Engage with government stakeholders and oversee the development of supporting materials for effective policy/legislation development and reform, working collaboratively with the Government of Russia, Ministry of Energy, Ministry of Natural Resources and Environment and other federal agencies and stakeholders as needed b. In collaboration with the Ministry of Energy, oversee the design, and coordination of the Renewable Energy steering committee, which will facilitate multi-stakeholder input into the policy development dialogue c. Oversee the design and delivery of Program seminars and other training events, targeted at various stakeholder groups, in order to build capacity, awareness and improve understanding of, and ability to overcome, ongoing market barriers for renewable energy (e.g. power generation sector, developers, vendors etc) d. Oversee the development and delivery of outreach materials and other renewable energy market development tools, targeted for various audiences – working with IFC communications team to ensure compliance of materials with branding, and quality requirements e. Build a visible presence for the Project within the country and IFC in the region and manage a local public awareness campaign to support project activities; f. Participate in and speak at conferences and other public events, representing and demonstrating IFC s leadership in renewable energy development in Russia g. Contribute to the development of learning materials Managing consultants and procurement: design the procurement plan for the Program for the various components, and ensure on time delivery and that payment occurs on time; Using a mix of international and local experts in order to apply best available technologies, practice, and processes and build capacity locally; Team coordination: Design the organization, roles and responsibilities, recruit and manage a team of professionals and a resource base of consultants who can deliver on the various components including specialists with expertise in the following areas: energy policy, contracts and legal, power sector, renewable energy, technical and engineering, financial consulting, and communications departments, as well as support staff. In various cases this may mean hiring new staff, leveraging internal staff resources already existing in the organization, hiring of specialized individual consultants on a temporary basis, or utilizing the services of specialized consulting firms. Manage the performance evaluation process for all team members Knowledge and Document management: a. Systematically consolidate and analyze lessons learned from project implementation experience and share, along with subject matter knowledge, with team members and colleagues across the region and IFC globally; b. Ensure connectivity with other IFC or World Bank renewable energy programs within the region and globally; learn from or share learnings with the Sustainability Advisory Business Line, with the investment team, also ensuring cross learning with World Bank c. Contribute to the development of Renewable Energy Market Transformation advisory product Risk Management: take ownership of and keep up to date the Program risk management matrix and actively manage risks on behalf of the Program partners (IFC, WB, EBRD) Technical: Stay abreast of best available technology and information related to various renewable energy technologies, economics, etc All of the above activities must be in compliance with IFC/WBG policies, standards, and processes. | Selection Criteria: | The Candidate should be a senior professional with comprehensive and in-depth expertise in project and program management, renewable energy, and the power sector. S/he should be recognized as an expert in this field, and in providing advisory/consultative services; and consistently develops and applies best practices. S/he routinely leads complex projects and integrates work of other (often multi-disciplinary) professional staff. S/he can interact with clients at the policy level or with senior counterparts in national governments and/or other organizations with confidence. Minimum Requirements Master's degree and a minimum of 8-10 years relevant experience. Substantial and diverse experience in all facets of the job requirements described above. Experience in developing or advising on renewable energy or power market sector policy Broad network globally in the renewable energy (and ideally related policy development) sector Strong understanding of renewable energy project economics, planning, permitting, risk management, technical and design aspects Proven ability to conceptualize, design and implement major projects and to produce major/complex reports or studies. Demonstrated professional leadership and ability to lead a team of professionals in the execution of major project components. Ability to engage with various stakeholders, effective influencing skills and demonstrated diplomacy. Experience with project finance. Ability to coach/mentor more junior staff, have significant experience managing teams. Experience managing private sector development projects in transition countries desired; Strong leadership, organizational, and communications skills; ability to communicate ideas clearly and confidently, articulate issues and recommend solutions - Strong presentation and written (especially in English) communication skills; Relevant experience working in the Central and Eastern Europe region is desirable; Fluency in English; proficiency in Russian is desirable. PLEASE WRITE HOW YOU LEARNT ABOUT THE VACANCY IN A COVER LETTER |
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