Public procurement notice: Contract Notice
Published: 2022-11-11
Buyer: KfW Bankengruppe
Country: DE
Contract type: Services
Procedure: Competitive procedure with negotiation
CPV classification: 66140000 | 79410000 | 79420000
Submission deadline: 2022-12-15
Award criteria: The most economic tender

Technical requirements: Fund Management / Transaction Services - Promotion of Green Hydrogen Investment Projects - Power-to-X Fund – Initiative on behalf of KfW and the Federal German Government
Green hydrogen and its derived products (Power-to-X, “PtX”) have enormous potential to promote socio-ecological, economic transformation and sustainable development in developing countries and emerging markets. In order to support the scale up of global PtX markets, KfW and the Federal German Government are currently establishing the Power-to-X D&G GmbH (“the PtX-Fund”; structure in formation) for the promotion of investments in PtX projects.
The PtX-Fund shall be managed by a private-sector Fund Manager. The purpose of this tender procedure is to identify and contract among the bidding entities an eligible Manager for the operation of the PtX-Fund.
The PtX-Fund will work with project partners (i.a. private companies, public entities or PPPs). The PtX Fund will support projects with non-reimbursable grant funding. The ambition is to enable large-volume investments and to facilitate the market ramp-up of green hydrogen and the establishment of sustainable PtX value chains.
The PtX-Fund is planned to be domiciled in Germany as a private legal entity with limited liability; “Gesellschaft mit beschränkter Haftung” (“GmbH”). The designated Manager will act as the Executive Management (the “Geschäftsführung”) of the GmbH.
The Federal German Government intends to initially capitalize the PtX Fund with around EUR 550 million. It must however be noted that these financial means are not yet available at the time of launch of this tender. It is expected, but not guaranteed, that the German Federal Government will commit additional funds during the coming years.
The designated Manager shall be responsible of the day-to-day management of the activities of the PtX Fund. Furthermore, the Manager will be responsible for the elaboration and implementation of the procedures, the business concepts, operations, and the overall strategy in close cooperation with KfW Development Bank and the German Federal Government. The services to be rendered by the Manager shall include the following fields of actions: operations, allocations of grants for asset financing, transaction advise, allocations of grants for consulting services and reporting. The Terms of Reference for the Fund Manager contain all further details.
The Management Agreement will be entered into between KfW and the Power-to-X D&G GmbH and the Fund Manager.
Self declaration concerning the authority and number under which the tenderer is enrolled in a professional or trade register kept in his member state of establishment ; Self declaration about VAT ID.
1. Turnover (self-declaration concerning the turnover after tax by the Candidate - or by all the members of my consortium in total - during the financial years 2019, 2020 and 2021)
2. Professional risk indemnity insurance (self-declaration concerning either the posession of a suitable insurance or the willigness to take out a sufficient professional risk indemnity insurance at the latest 21 calendar days after the award of the contract)
(1) The Candidate (be he a single candidate or a consortium) needs to have a minimum annual turnover of EUR 5 million for the years 2019-2020-2021
(2) Professional risk indemnity insurance covering damages in the amount of up to EUR 10 million per year. The insurance shall also be covering financial losses caused by poor performance of advisory services.
1. Experience in Fund Management (self-declarations concerning Years of Experience in Asset management or a very similar activity; Assets under Management as per 31DEC2021 and Number of Fonds as per 31DEC2021)
2. Experience in Infrastructure Financing (self-declarations concerning Years of Experience in Infrastructure finance - non-recourse, project finance in oil/gas/transport/similar at the end of 2021; Volume of relevant Infrastructure finance - non-recourse, project finance in oil/gas/transport/similar contracts signed since 01JAN2013 and Number of Infrastructure finance (non-recourse, project finance in oil/gas/transport/similar) projects financed since 01JAN2013)

Eligibility requirements: Self declaration concerning the authority and number under which the tenderer is enrolled in a professional or trade register kept in his member state of establishment ; Self declaration about VAT ID.