Specialist project management, procurement and engineering services


Development process

As a developer, ICARE’s activities cover the complete process from the initial feasibility study, the search of the correct site and location, the choice of the suitable  technology, initial governmental or local approvals, contract negotiation, financing and plant operation and maintenance.



Project development always begins with an idea. To test whether such idea can be turned into a commercially viable project we developed a special screening procedure, which looks at all aspects relevant for a successful project investment.



Once this process has given a green light, our team of expert developers starts the process to secure all necessary permits and rights, negotiate all relevant contracts and tender out the technical solution. Based on these ingredients we arrange a customized financial solution.



Based on the expertise and experience of our team, ICARE has successfully taken the role of a power partner in both the technical development and financing of a power plant, working closely with equity investors, governments, utilities, municipalities, local and international financial institutions.



Project Development Core Skills



• Preparing a business case and a financial model.

• Structuring equity and debt financing.

• Selecting the investment partners.

• Procuring the necessary permits, licenses and approvals required as a pre-requisite to achieving Financial Close and commencement of construction.



Having successfully completed a number of independent power producers ICARE has developed an excellent and credible track record with major regional and international banks involved in financing infrastructure investments.



Technical Solutions:

• Identifying the optimum technical solution.

• Selecting and negotiating with the original equipment manufacturer and the EPC Contractor to procure the most competitive EPC price.

• ICARE has excellent relationships with the major international power plant suppliers. These relationships and market knowledge can be leveraged to benefit current and future projects.

• Based on its long standing experience ICARE is perfectly equipped to deliver a power plant construction to schedule and budget.


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