Public Request for Quotations (RFQ) Notice Investment Financial Model Development and Tax Regime Stu
Public Request for Quotations (RFQ) Notice
Investment Financial Model Development and Tax Regime Study Services for Renewable Energy Projects in Indonesia
Shanghai Electric Power Co., Ltd. (Indonesia Representative Office) (hereinafter referred to as the "Purchaser") seeks a service provider to develop investment financial models and conduct a study of the Indonesian tax regime for renewable energy projects in Indonesia.
Project Overview and Scope of Work
The scope of service includes but is not limited to the following: The services under this assignment are to develop investment financial models for renewable energy projects in Indonesia and to prepare a study report on the Indonesian tax regime. The Service Provider shall establish a dedicated working team, conduct the necessary research in light of Indonesian laws and regulations, tax policies and power market conditions, complete the financial models and report, and support online review meetings and discussions of the deliverables. The scope of work includes, but is not limited to, the following:
(1) Investment financial model for wind power projects (including energy storage): preparation of the income statement, balance sheet and cash flow statement; calculation of project IRR, equity IRR, NPV, payback period and debt service coverage ratio (DSCR); a tariff reverse-calculation function (calculating the required electricity tariff based on a target rate of return); sensitivity and scenario analysis functions; the model shall reflect the investment, operation and revenue of the energy storage system and allow separate calculations for scenarios with and without energy storage. (2) Investment financial model for solar PV projects (including energy storage): same requirements as (1). (3) Indonesian tax regime study report: covering the tax policies applicable at each stage of project development, construction, operation and dividend repatriation, including but not limited to corporate income tax, value-added tax (VAT), customs duties, withholding tax and tax incentives, together with a list of tax assumptions for the financial models.
Qualification requirements
3.1 Basic Qualification Requirements Quotations submitted by consortia will not be accepted. The Bidder shall be a legally registered entity with the capacity to independently enter into contracts, and shall provide its business license or certificate of registration. The Bidder shall be operating normally and shall not be subject to an order to suspend operations, receivership or freezing of assets, or bankruptcy.
3.2 Specific Qualification Requirements Experience: within the past five (5) years, the Bidder shall have completed at least two (2) financial modelling or valuation modelling assignments for power projects in Indonesia (including hydropower, thermal power, renewable energy, energy storage and PLN IPP tender projects), or at least three (3) pre-investment, bidding or M&A financial modelling assignments for overseas renewable energy projects (wind power, solar PV or energy storage). Assignments completed by member firms within the same international network as the Bidder, or by affiliated entities within the same corporate group, may be counted. A list of such assignments shall be provided; the Purchaser may request supplementary supporting documents, and confidential information may be redacted. Personnel: the Bidder shall assign a project leader with no less than eight (8) years of experience in financial advisory or financial modelling in the energy sector, and personnel with Indonesian tax experience shall participate in the tax regime study (such personnel may be from an affiliate or a partner firm).
Obtaining the RFQ Documents How to obtain the documents: Bidders shall request the RFQ documents from the Purchaser by email, stating the company name, contact person and contact details.
Submission of Quotation Documents
Deadline for submission: 17:00 on 5 November 2026 (Jakarta time, Indonesia)
Submission method: Before the submission deadline, the Bidder shall email encrypted electronic quotation documents (a signed PDF and an editable version in Word or Excel format).
Quotation Opening Time and Place
Quotation opening time: 17:00 on 5 November 2026 (Jakarta time, Indonesia)
Quotation opening place: Online.
Miscellaneous All times specified in this Notice and the quotation documents are Jakarta time, Indonesia. The RFQ documents are provided free of charge. The detailed service requirements, quotation document format, evaluation method and contract terms shall be subject to the RFQ documents. 98 Insufficient number of bidders If fewer than three (3) Bidders submit quotations by the submission deadline, or fewer than three (3) Bidders pass the preliminary evaluation, the following shall apply: (1) where there are only two (2) Bidders, the evaluation panel may continue the RFQ process in accordance with the original procedure, provided that the principles of fairness, impartiality and competition are not violated; (2) where there is only one (1) Bidder, the procurement may be converted to direct procurement. If all Quotations are rejected after evaluation, or any other circumstance occurs that causes the procurement to fail, the Purchaser shall have the right to re-procure or to select a service provider by other means.
