Management of the PtX-Fund by the Power-to-X D&G GmbH (in formation)

KfW Bankengruppe

Fund Management / Transaction Services - Promotion of Green Hydrogen Investment Projects - Power-to-X Fund – Initiative on behalf of KfW and the Federal German Government

Deadline
Die Frist für den Eingang der Angebote war 2022-12-15. Die Ausschreibung wurde veröffentlicht am 2022-11-08.

Anbieter
Die folgenden Lieferanten werden in Vergabeentscheidungen oder anderen Beschaffungsunterlagen erwähnt:

• KGAL Investment Management GmbH & Co. KG

Wer?

• KfW Bankengruppe

Wie?

Wo?

• Darmstadt › Frankfurt am Main, Kreisfreie Stadt

Geschichte der Beschaffung

Datum	Dokument
2022-11-08	Auftragsbekanntmachung
2022-11-11	Ergänzende Angaben
2022-12-14	Ergänzende Angaben
2023-07-10	Bekanntmachung über vergebene Aufträge

Auftragsbekanntmachung (2022-11-08)
Öffentlicher Auftraggeber
Name und Adressen
Name: KfW Bankengruppe
Postanschrift: Palmengartenstr. 5-9
Postort: Frankfurt am Main
Postleitzahl: 60325
Land: Deutschland 🇩🇪
Kontaktperson: Dr. Schwabe, Christof
Telefon: +49 6974310 📞
E-Mail: vergabestelle@kfw.de 📧
Region: Frankfurt am Main, Kreisfreie Stadt 🏙️
URL: http://kfw.de 🌏
Kommunikation
Dokumente URL: https://ausschreibungen.kfw.de/evergabe.bieter/api/external/deeplink/subproject/cde3d755-25bb-4fb1-af15-803af90b8d46 🌏
Teilnahme-URL: https://ausschreibungen.kfw.de/evergabe.bieter/api/external/deeplink/subproject/cde3d755-25bb-4fb1-af15-803af90b8d46 🌏

Objekt
Umfang der Beschaffung
Titel:
“Management of the PtX-Fund by the Power-to-X D&G GmbH (in formation) KfW-2022-0028”
Produkte/Dienstleistungen: Dienstleistungen im Bereich Unternehmensleitung 📦
Kurze Beschreibung:
“Fund Management / Transaction Services - Promotion of Green Hydrogen Investment Projects - Power-to-X Fund – Initiative on behalf of KfW and the Federal...”

1️⃣
Zusätzliche Produkte/Dienstleistungen: Portfolioverwaltung 📦
Zusätzliche Produkte/Dienstleistungen: Unternehmens- und Managementberatung 📦
Ort der Leistung: Frankfurt am Main, Kreisfreie Stadt 🏙️
Hauptstandort oder Erfüllungsort: not specified
Beschreibung der Beschaffung:
“Green hydrogen and its derived products (Power-to-X, “PtX”) have enormous potential to promote socio-ecological, economic transformation and sustainable...”

Beschreibung der Beschaffung

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.

Vergabekriterien
Qualitätskriterium (Bezeichnung): Quality
Qualitätskriterium (Gewichtung): 70
Preis (Gewichtung): 30
Laufzeit des Vertrags, der Rahmenvereinbarung oder des dynamischen Beschaffungssystems
Der nachstehende Zeitrahmen ist in Monaten ausgedrückt.
Beschreibung
Dauer: 60
Laufzeit des Vertrags, der Rahmenvereinbarung oder des dynamischen Beschaffungssystems
Dieser Vertrag ist verlängerbar ✅
Beschreibung
Beschreibung der Verlängerungen: The contract allows for two renewals of 60 months each.
Informationen über die Begrenzung der Zahl der einzuladenden Bewerber
Voraussichtliche Anzahl von Bewerbern: 4
Objektive Kriterien für die Auswahl der begrenzten Anzahl von Bewerbern:
“1. Eligibility of the Candidate a. Experience in Fund Management (15%) b. Experience in Infrastructure Financing (15%) c. Regional Experience (5%) d....”

Rechtliche, wirtschaftliche, finanzielle und technische Informationen
Bedingungen für die Teilnahme
Liste und kurze Beschreibung der Bedingungen:
“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...”
Wirtschaftliche und finanzielle Leistungsfähigkeit
Liste und kurze Beschreibung der Auswahlkriterien:
“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...”
Bedingungen für die Teilnahme

“(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)...”
Technische und berufliche Fähigkeiten
Liste und kurze Beschreibung der Auswahlkriterien:
“I. CANDIDATE 1. Experience in Fund Management (self-declarations concerning Years of Experience in Asset management or a very similar activity; Assets under...”

Liste und kurze Beschreibung der Auswahlkriterien

I. CANDIDATE
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)
3. Regional Experience (self-declaration concerning Number of Projects in Development Countries / Emerging Markets since 01JAN2013)
4. Staff Capacity (self-declaration concerning the Full-time equivalent number of permanent staff, excluding freelancers)
II. TEAM MEMBERS
1. Chief Executive Officers (CEO) 1 & 2
- Relevant professional experience in Fund management and/or Infrastructure finance, excl. education (self-declaration: years)
- Relevant professional experience in leading companies and/or departments (self-declaration: years)
- English language skills (self-declaration: self assessed CEFR level)
- German language skills (self-declaration: self assessed CEFR level)
- Academic Degree (self-declaration)
- Regional Experience: On-site experience in Development Countries / Emerging Markets (self-declaration: years)
2. Senior Engineer
- Relevant professional engineering experience, excl. education (self-declaration: years)
- Technical experience in large-scale infrastructure projects (self-declaration: years)
- English language skills (self-declaration: self assessed CEFR level)
- Academic Degree (self-declaration)
- Regional Experience: On-site experience in Development Countries / Emerging Markets (self-declaration: years)
3. Senior Investment Officer
- Professional Finance experience, excl. education (self-declaration: years)
- Finance experience in large-scale infrastructure projects (self-declaration: years)
- English language skills (self-declaration: self assessed CEFR level)
- Academic Degree (self-declaration)
- Regional Experience: On-site experience in Development Countries / Emerging Markets (self-declaration: years)
4. Senior Environmental & Social Officer
- Professional E & S experience, excl. education (self-declaration: years)
- Experience as E & S officer in large-scale infrastructure projects (self-declaration: years)
- English language skills (self-declaration: self assessed CEFR level)
- Academic Degree (self-declaration)
- Regional Experience: On-site experience in Development Countries / Emerging Markets (self-declaration: years)

Bedingungen für die Teilnahme
Bedingungen für die Teilnahme (technische und berufliche Fähigkeiten):
“Enough sufficiently qualified experts responsible for the execution of the contract Total of 5 experts, namely Two Chief Executive Officers (CEO), Senior...”

Bedingungen für die Teilnahme (technische und berufliche Fähigkeiten)

Enough sufficiently qualified experts responsible for the execution of the contract
Total of 5 experts, namely Two Chief Executive Officers (CEO), Senior Engineer, Senior Investment Officer and Senior Environmental & Social Officer
(1) Chief Executive Officers (CEO) 1 & 2
- At least 10 years of relevant professional experience in Fund management and/or Infrastructure finance (excl. education)
- At least 4 years of relevant professional experience in leading companies and/or departments
- At least C1 level in English (CEFR level)
- At least Master Degree (or similar) in a relevant field (economics, finance, mangement or similar)
- At least 1 year cumulative on-site experience in Development Countries / Emerging Markets
(2) Senior Engineer
- At least 7 years of relevant professional engineering experience (excl. education)
- At least 4 years of technical experience in large-scale infrastructure projects
- At least C1 level in English (CEFR level)
- At least Master Degree (or similar) in a relevant field (engineering or similar)
- At least 1 year cumulative on-site experience in Development Countries / Emerging Markets
(3) Senior Investment Officer
- At least 7 years of finance experience (excl. education)
- At least 4 years of finance experience in large-scale infrastructure projects
- At least C1 level in English (CEFR level)
- At least Master Degree (or simlar) in a relevant field (finance or similar)
- At least 1 year cumulative on-site experience in Development Countries / Emerging Markets
(4) Senior Environmental & Social Officer
- At least 5 years of E & S experience (excl. education)
- At least 3 years of Experience as E & S officer in large-scale infrastructure projects
- At least C1 level in English (CEFR level)
- At least Master Degree (or simlar) in a relevant field (environmental science or similar)
- At least 1 year cumulative on-site experience in Development Countries / Emerging Markets

Informationen über das für die Ausführung des Auftrags zuständige Personal
Verpflichtung zur Angabe der Namen und beruflichen Qualifikationen der mit der Ausführung des Auftrags betrauten Mitarbeiter

Verfahren
Art des Verfahrens
Wettbewerbliches Verfahren mit Verhandlung
Informationen zur Verhandlung
Der Auftraggeber behält sich das Recht vor, den Auftrag auf der Grundlage der ersten Angebote zu vergeben, ohne Verhandlungen zu führen
Administrative Informationen
Frist für den Eingang von Angeboten oder Teilnahmeanträgen: 2022-12-15 11:00 📅
Voraussichtliches Datum der Versendung der Aufforderungen zur Angebotsabgabe oder zur Teilnahme an die ausgewählten Bewerber: 2023-01-16 📅
Sprachen, in denen Angebote oder Teilnahmeanträge eingereicht werden können: Englisch 🗣️
Das Angebot muss gültig sein bis: 2023-06-16 📅

Ergänzende Informationen
Zusätzliche Informationen

“A Request to Participate has to be submitted exclusively electronically. A signature is not required. Candidates must carry out any electronic submission...”
Körper überprüfen
Name: Vergabekammer Bund
Postanschrift: Villemomblerstraße 76
Postort: Bonn
Postleitzahl: 53113
Land: Deutschland 🇩🇪
Telefon: +49 22894990 📞
Fax: +49 2289499163 📠
Verfahren zur Überprüfung
Genaue Informationen über Fristen für Überprüfungsverfahren:
“§ 160 (3) (4) GWB: A petition for review is inadmissible if more than 15 calendar days have elapsed after receipt of the notification from the client to...”
Quelle: OJS 2022/S 218-628602 (2022-11-08)

Ergänzende Angaben (2022-11-11)

Ergänzende Informationen
Referenz der ursprünglichen Mitteilung
Nummer der Bekanntmachung im Amtsblatt S: 2022/S 218-628602

Änderungen
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: I.3)
Ort des zu ändernden Textes: Communication
Alter Wert
Text:
“The procurement documents are available for unrestricted and full direct access, free of charge, at...”
Neuer Wert
Text:
“The procurement documents are available for unrestricted and full direct access, free of charge, at...”
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: IV.2.2
Ort des zu ändernden Textes: Time limit for receipt of tenders or requests to participate
Alter Wert
Text: Date: 15/12/2022 Local time: 11:00
Neuer Wert
Text: Date: 09/12/2022 Local time: 11:00
Quelle: OJS 2022/S 221-634825 (2022-11-11)

Ergänzende Angaben (2022-12-14)
Objekt
Umfang der Beschaffung
Titel: Management of the PtX-Fund by the Power-to-X D&G GmbH KfW-2022-0028
Kurze Beschreibung:
“Fund Management / Transaction Services - Promotion of Green Hydrogen Investment Projects - Power-to-X Fund - Initiative on behalf of KfW and the Federal...”

Änderungen
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: I.3)
Ort des zu ändernden Textes: Communication
Alter Wert
Text:
“The procurement documents are available for unrestricted and full direct access, free of charge, at...”
Neuer Wert
Text:
“The procurement documents are available for unrestricted and full direct access, free of charge, at...”
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: II.1.1)
Ort des zu ändernden Textes: Title
Alter Wert
Text: Management of the PtX-Fund by the Power-to-X D&G GmbH (in formation)
Neuer Wert
Text: Management of the PtX-Fund by the Power-to-X D&G GmbH
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: II.2.4)
Ort des zu ändernden Textes: Description of the procurement
Alter Wert
Text:
“Green hydrogen and its derived products (Power-to-X, “PtX”) have enormous potential to promote socio-ecological, economic transformation and sustainable...”

Text

Neuer Wert
Text:
“Green hydrogen and its derived products (Power-to-X, “PtX”) have enormous potential to promote socio-ecological, economic transformation and sustainable...”

Text

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 have established the Power-to-X D&G GmbH 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.

Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: IV.2.2
Ort des zu ändernden Textes: Time limit for receipt of tenders or requests to participate
Alter Wert
Text: Date: 09.12.2022 Local time: 11:00
Neuer Wert
Text: Date: 18.01.2023 Local time: 11:00
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: IV.2.3
Ort des zu ändernden Textes:
“Estimated date of dispatch of invitations to tender or to participate to selected candidates”
Alter Wert
Text: Date: 16.01.2023
Neuer Wert
Text: Date: 20.02.2023
Zu berichtigender Text in der ursprünglichen Bekanntmachung
Nummer des Abschnitts: IV.2.6
Ort des zu ändernden Textes: Minimum time frame during which the tenderer must maintain the tender
Alter Wert
Text: Tender must be valid until: 16.06.2023
Neuer Wert
Text: Tender must be valid until: 31.07.2023
Quelle: OJS 2022/S 244-704808 (2022-12-14)

Bekanntmachung über vergebene Aufträge (2023-07-10)
Objekt
Umfang der Beschaffung
Gesamtwert der Beschaffung (ohne MwSt.): EUR 0.01 💰
Beschreibung
Beschreibung der Beschaffung:
“Green hydrogen and its derived products (Power-to-X - “PtX”) have enormous potential to promote socio-ecological, economic transformation and sustainable...”

Beschreibung der Beschaffung

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 have established the Power-to-X D&G GmbH 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.

Verfahren
Administrative Informationen
Frühere Veröffentlichungen zu diesem Verfahren: 2022/S 218-628602

Auftragsvergabe

1️⃣
Titel: Management of the PtX-Fund by the Power-to-X D&G GmbH
Datum des Vertragsabschlusses: 2023-06-27 📅
Informationen über Ausschreibungen
Anzahl der eingegangenen Angebote: 4
Anzahl der eingegangenen Angebote von KMU: 0
Anzahl der eingegangenen Angebote von Bietern aus anderen EU-Mitgliedstaaten: 0
Anzahl der eingegangenen Angebote von Bietern aus Nicht-EU-Mitgliedstaaten: 1
Anzahl der auf elektronischem Wege eingegangenen Angebote: 4
Name und Anschrift des Auftragnehmers
Name: KGAL Investment Management GmbH & Co. KG
Postanschrift: Tölzer Straße 15
Postort: Grünwald
Postleitzahl: 82031
Land: Deutschland 🇩🇪
Region: München, Landkreis 🏙️
Der Auftragnehmer ist ein KMU
Angaben zum Wert des Auftrags/der Partie (ohne MwSt.)
Gesamtwert des Auftrags/Loses: EUR 0.01 💰
Quelle: OJS 2023/S 134-429604 (2023-07-10)

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