People sitting and discussing at conference tables
NIRAS team engaging with stakeholders.

Fund Management for Renewable Energy

NIRAS manages 40 million USD in Funds to support off grid renewable electrification in Benin

The Off Grid Clean Energy Facility (OCEF) was launched this year and will distribute funds to international and national firms and non-for-profit organisations over the next 5 years.

OCEF, financed by Millennium Challenge Corporation, is a 5 years’, 40 million USD Challenge Fund which was launched end of April 2017.

We have set-up a very nice and big office in the client’s building in Cotonou which hosts the 3 long-term experts and Charlemagne Fandohan, the new NIRAS liaison in West Africa as well as the six short-term experts who visit Benin regularly. Currently the team is busy writing the Operational Manual of the Fund, which will be launched in early January 2018.

Smart software to manage applications and monitor grants’ implementation

The SmartME software from Adalia is being used for this project, which has been translated into French especially for this purpose. The OCEF is the 5th project for which Adalia and NIRAS cooperate using SmartME. The experts and the Project Management team are working closely together to advance on this challenging and interesting project. We would also like to use this opportunity to introduce Ms. Annegrete Lade Lausten, deputy Project Director and Technical Backstopper for RE on this project. Annegrete joins NIRAS from Danish Energy Management and is working from the NIRAS Aarhus office.

Fund Management at NIRAS

  • Challenge Funds is a competitive grant funding mechanism to fund innovative projects addressing a specific development concern/issue.
  • NIRAS International Consulting is actively pursuing its knowledge management and development in Fund Management.
  • Currently our portfolio in mid-2017 stands at € 144 million .
  • In response to these developments, NIRAS has established a Fund Management Unit, working across NIRAS International Consulting’s 6 head offices and 17 country offices, as a service function for all NIRAS managed funds; a support network for the different fund managers; and an innovation platform for refining our fund management tools and identifying new products.
  • NIRAS currently manages an array of matching grant and challenge funds as well as administering fund companies – wholesale lending companies.

For more information on Fund Management at NIRAS, you can contact Technical Director Fund Management , Jane Bech Larsen (jbe@niras.dk)