Project Name
The St. Vincent Geothermal Drilling Project
Accounting Services
04:00 PM


The St. Vincent Geothermal Company Limited (SVGCL) has received financing from the Caribbean Development Bank (CDB) in an amount of USD 9,500,000 towards the cost of the St. Vincent Geothermal Drilling Project and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is issued.  Payments by CDB will be made only at the request of SVGCL and upon approval by CDB, and will be subject in all respects to the terms and conditions of the Financing Agreement.  The Financing Agreement prohibits withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations.  No party other than the SVGCL shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.

SVGCL, the Executing Agency, now wishes to procure consultancy services of an Accountant for the Geothermal Drilling Project.

The objective of the consultancy is to provide accounting services and to prepare disbursement request documentation for submission to CDB, The Government of St. Vincent and the Grenadines, and SVGCL Board. The duration of the assignment is expected to be for a period of 16 months.

SVGCL now invites interested eligible individual consultants to submit Expressions of Interest indicating qualifications and experience required to provide these consultancy services.


Consultants shall be eligible to participate if:

  • the persons are citizens or bona fide residents of an eligible country; and
  • in all cases, the consultant has no arrangement and undertakes not to make any arrangements, whereby any substantial part of the net profits or other tangible benefits of the contract will accrue or be paid to a person not a citizen or bona fide resident of an eligible country.


Eligible countries are member countries of CDB and the Inter-American Development Bank.

The attention of interested Consultants is drawn to paragraph 1.9 of CDB’s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB’s policy on conflict of interest.


In the assessment of submissions, consideration will be given to qualifications and experience on similar assignments. All information must be submitted in English.  Further information, including a copy of the full terms of reference, may be obtained from the first address below between 08:00 am AST and 04:00 pm AST hours Monday to Friday.


Three (3) hard copies of the Expressions of Interest must be received at the first address below no later than 1600 hours on May 3, 2019 and one (1) electronic copy must be sent simultaneously to CDB at the second address below.  The sealed envelope containing each submission should include the name and address of the applicant and shall be clearly marked “Expression of Interest – Accountant – St. Vincent Geothermal Drilling Project”

Following the assessment of submissions, the most technically capable and appropriately experienced applicant will be invited to negotiate a contract to provide the consultancy services.   SVGCL reserves the right to accept or reject late applications or to cancel the present invitation partially or in its entirety.  It will not be bound to assign any reason for not engaging the services of any applicant and will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.


Address 1
Mr. Thorleifur Finnsson
c\o Energy Unit
Project Manager

Corner of Higginson Street and Lower Middle Street



1 (784) 494-1190
Address 2
Caribbean Development Bank
Procurement Officer

P.O. Box 408

Wildey, St. Michael

Barbados, W.I. BB11000

(246) 431 -1600