Averda UAE Financial Model

Explore our Averda UAE case study to see how MCC supported the development of a corporate finance model to secure $30 million in funding from the International Finance Corporation (IFC). Our work enabled Averda to drive sustainable waste management initiatives across the Middle East and Africa, focusing on recycling, carbon footprint reduction, and environmental impact mitigation.

What the Client Needed?

Averda, a leading waste management company, sought expert financial modeling support to secure funding for its expansion into sustainable waste management projects across the Middle East and Africa. Given the complexity of the funding process and the need for accurate financial projections, Averda required a tailored, data-driven approach to support its funding application.

How we Helped them?

IFC funding - Sustainable waste management

MCC played a crucial role in enabling Averda to secure funding by delivering:

  1. Corporate Finance Model Development
    • Designed a comprehensive financial model from scratch, forecasting development costs, operational expenses, and cash flow projections for waste management projects.
    • Ensured the model provided a clear financial roadmap for new plastics recycling plants and material recovery facilities.
  2. Funding Requirements and Debt Optimization
    • Analyzed capital requirements and identified a $30 million funding need for new projects across Oman, Morocco, and South Africa.
    • Structured financial forecasts to optimize debt covenants, ensuring that Averda could service the loan while maintaining financial stability.
  3. Collaboration with Corporate Development
    • Worked closely with Averda’s corporate development team to align the financial model with business expansion plans.
    • Ensured that the model met the International Finance Corporation’s (IFC) funding criteria, improving the likelihood of successful procurement.
  4. Sustainability and Environmental Impact
    • Incorporated recycling and reuse strategies into financial planning to align with Averda’s commitment to reducing carbon emissions.
    • Provided data-driven insights on how the funding would contribute to long-term environmental sustainability and operational efficiency.

‍

I was delighted that MCC's work was completed on time, and within budget, helping us deliver important changes and improvements, to the benefit of our stakeholders. ​ MCC's report is published on the CCC website.

- Bea Natzler
Team Leader at Climate Change Committee, UK

I am delighted to recommend MCC Economics. Specifically, I worked closely with PJ, who helped us with our Nuclear and CCUS projects. PJ helped us develop new policies and answer questions from our stakeholders. ​​His support helped us deliver important changes and improvements, to the benefit of our stakeholders.

- Gordon Hutcheson ​
Head of Nuclear Policy at Ofgem, UK

MCC Economics has helped us better understand the most important issues for our stakeholders, including: charges, shareholder returns, debt payments and inflation impacts.

- Leila N. Nasr
Section Head at Department of Energy, Abu Dhabi

I am delighted to recommend PJ and his team at MCC Economics. We've been working together on National Policy Statements to help meet net zero targets for 2030 and 2050. We initially appointed MCC Economics to support us on offshore wind consultation analysis and have recently reappointed MCC Economics to undertake a larger consultation analysis role across all sectors, including hydrogen, CCUS and networks. I can confirm that they have shown excellent spreadsheet skills, alongside very good project management, planning and analysis skills, helping us deliver important changes, and continuous improvements, to the benefit of our stakeholders.

- Amy McHugh
Head of Environment in the Energy Infrastructure Planning Policy, UK

I am delighted to recommend PJ and his team from MCC Economics. They helped us with our price controls for Heathrow airport and for NATS (En Route) plc (the air traffic services provider). Specifically, the MCC team helped us deliver important changes and improvements to our financial models and supporting policy documents, to the benefit of our stakeholders.

- Dan Rock
Head of Corporate Finance at CAA, UK

I am delighted to confirm that I worked with PJ on a retail project in 2015. The project helped stakeholders understand electricity costs and charges. Specifically, the project helped us explain to stakeholders, internally and externally, why electricity charges differed across the regions (GB, NI & Ireland). PJ was a key member on the project team, which helped deliver changes and improvements in the understanding of energy retail.

- Kevin Shiels
Director at Utility Regulator, Northern Ireland

Stride beyond the excellence with impact-driven services

You are a step away from turning around your business & getting expert insights. It's your time to pivot the future in the right direction!

Connect NowLearn more

Harness the power of informed decisions and shape tomorrow's success.

Offerings
Regulatory Economics
Data Science
Financial Modelling
Financial Strategy
Economic Analysis
Consultation Analysis
Research and Data Analysis​
Public Private Partnerships (PPP)
Accounting
About MCC 
PeoplePublicationsCareersClimate Emergency Action PlanFrameworksCase Study
Get in touch
Book ConsultationLinkedIn

Designed and built by Hucentric Design Studio

© All rights reserved – MCC Economics 2024.