Software development and training in its use for financial analysis of energy sector investments
The overall objective of this assignment was to introduce a model to perform a financial analysis of investment projects that is not only financial grade but also bankable. The assignment was a part of GIZ‘s Energy Efficiency Project (ENEV 3+) to advise the Energy Regulatory Commission (ERC) and the Ministry of Energy (MoE) on the transition of the Mongolian heat and power market towards a more competitive, efficient and effective market model.
The structure of the model has been developed by GFA with contributions of ERC. The Model is capable to perform ex ante as well as ex post user defined scenario analyses. GFA delivered a functioning software, provided training for two ERC officers on the various concepts of financial grade price determination modelling and guaranteed the model’s mathematical integrity. Additonally, GFA responded to the findings of an independent beta tester to improve the model, if necessary.