Philadelphia Industrial Development Corporation (PIDC), acting on behalf of the Philadelphia Authority for Industrial Development (PAID), is seeking to engage a qualified Financial Advisor (FA) to recommend and implement a plan to finance electric utility infrastructure expansion and capital improvements for the Philadelphia Navy Yard located in South Philadelphia. PIDC anticipates a need for external financing of $30 million, net of fees, to fund the required capital expenditures related to grid expansion, which is expected to take place over the next ten years. PIDC is seeking proposals from qualified FA firms with an established practice advising owner/operators on financing programs for energy-related capital projects or electric utility distribution system expansions and improvements.

Questions due via email to the address below by September 8, 2023 at 5:00 PM. Answers will be posted on our Contracts Opportunities page by September 15, 2023.

Bids Due September 29, 2023 at 4:00 pm, please submit electronically to asantiago@pidcphila.com

 

To access the full RFP, please visit PIDC’s website.