We advise energy executives to uncover and showcase the full value of their investments by providing expert financial valuation, economic analysis and risk mitigation for energy projects, programs and investments. You'll find our analysis clear, comprehensive and compelling, accelerating your project to financial close.

Our clients are banks, private sponsors, development agencies and utilities. We assist them by demonstrating the value of an investment to boards, financiers and other decision makers.
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​To ensure we can help you in the best possible way, we maintain expertise in financial and economic modeling, policy and risk analysis, and business model/design optimization. The GLS Group is a network of independent consultants, with experience in many countries around the world.
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Strategy Consulting and Decision-Making
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Project Development Support and Valuation
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Financial and Economic Modeling
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Water
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Finance and Capital Markets

Featured Project: African Development Bank

Delivered valuation for risk-mitigating designs at the proposed 2400 MW Batoka Gorge Hydropower Dam in Zambia and Zimbabwe. The valuation included an investment strategy under uncertainty, a dynamic cost & revenue model, options valuation and risk-mitigation steps.
​Recommendations included:
  • "Flexible design” may save project sponsors $500 million and provide climate adaptation solutions
  • Additional value from optionality may offer $550 million in incentives for private partners in a PPP
  • Investment triggers for an additional $390 million expansion were identified based on flow rates and energy prices
Executed a capacity training for investment planning under climate change and other uncertainties. Participants included utilities, key government stakeholders and project developers
GLS Consultants Maintain Expertise in the Following Areas:
  • Financial Performance Modeling for Decision-Making Under Uncertainty
  • Financial and Economic Modeling for Infrastructure Investment
  • Cost-Benefit Analysis
  • Risk Analysis and Mitigation Strategies
  • Performance Asset Valuation and Appraisal
  • ​Resilient and Sustainable Infrastructure
  • Private Enterprise Growth and Competitiveness in Frontier Economies
  • Capital Budgeting Strategies
  • The Economics of Climate Change and Adaptation Strategies
  • Finance and Capital Market Maturity
  • Capital Allocation Strategies including Micro-Finance and Remittances
Value Watch: 
An ADB Loan to Uzbekistan Aims to Transform the Nation's Electricity Sector
On November 10, 2020 the Asian Development Bank (ADB) approved a USD 200 million Policy Based Loan (PBL) to the country of Uzbekistan. The PBL can be used for general government budget support, but the loan is based on key policy updates that target the electricity sector, especially the distribution networks in the country.  I was honored to provide support to the program by conducting the economic and financial analyses for the loan and policy reforms.

Policy-based lending has been a practice of the ADB since 1978 but has seen most of its growth since the Global Financial Crisis of 2009. A country’s primary motivations for seeking PBL are to achieve a quick response to immediate financing needs and for valuable policy advice / technical assistance for a particular sector’s growth. In Uzbekistan, the program provided critical budget support and targeted policy actions aimed at restructuring the power sector to enable competition and create a conducive environment for private investment. Specifically, the reforms target the following areas: 1) power sector restructuring and strengthened regulation; 2) financial sustainability for sector entities; 3) decarbonizing the sector; and 4) improving demand side energy efficiency. Economic benefits include: 1) loss savings, 2) carbon savings, and 3) demand side efficiencies.

For a summary of the economic analysis, CLICK HERE
Follow Rich Swanson's blog each month as he discusses finance, economics and risk topics in the energy sector.