About Synergy

BRINGING IN IDEAS, SOLUTIONS AND SERVICES

Synergy Consulting (“Synergy”) is a global leader in Financial and Corporate Advisory Services. Our track record is a testimony to Synergy’s unique abilities, skills and global resources for leading, structuring and closing large and complex transactions in a range of sectors. We are recognizing globally for delivering pioneering and marquee transactions. We partner with our public and private sector clients, financial institutions, co-advisors, and all other stakeholders to deliver results, and growth.

Synergy PPP experience includes Power- Conventional & Renewables, District Cooling, Transport & Logistics, Water & Waste-Water, Oil & Gas, Petrochemicals, Social Infrastructure- Education & Healthcare, Real Estate, ICT (Information & Communications Technology), Metals & Mining, Green Hydrogen, Development Advisory.

About Synergy

BRINGING IN IDEAS, SOLUTIONS AND SERVICES

Synergy Consulting (“Synergy”) is a global leader in Financial and Corporate Advisory Services. Our track record is a testimony to Synergy’s unique abilities, skills and global resources for leading, structuring and closing large and complex transactions in a range of sectors. We are recognizing globally for delivering pioneering and marquee transactions. We partner with our public and private sector clients, financial institutions, co-advisors, and all other stakeholders to deliver results, and growth.

Synergy PPP experience includes Power- Conventional & Renewables, District Cooling, Transport & Logistics, Water & Waste-Water, Oil & Gas, Petrochemicals, Social Infrastructure- Education & Healthcare, Real Estate, ICT (Information & Communications Technology), Metals & Mining, Green Hydrogen, Development Advisory.

Synergy History

Synergy 2023 In Numbers

Synergy Consulting New Years Message


Founded in 2002 in Virginia, USA by Aman and Swati Sachdeva, Synergy Consulting is at the forefront of Financial Advisory today as an independent global firm. With commitment to excellence for our clients, Synergy has evolved as a partner of choice for Financial Advisory. In a span of 17 years, from a single office in the USA, Synergy has expanded its presence across Middle East, Asia, Asia-Pacific, Europe, the Americas and Africa with offices in USA, Indonesia, UAE, South Korea, Japan, UK and Saudi Arabia. With our ‘People-First’ approach focusing on our service, our team-strength has grown ten-fold.

We invite you to view the highlights of our Synergy story through our timeline:

Timeline
Year Milestone
2002
  • Aman and Swati Sachdeva founded Synergy Consulting in Virginia, USA focusing on IWPP projects advisory
  • Aman Sachdeva appointed advisor to the World Bank
2005
  • Landmark year for Synergy as the firm achieved its first financial close for Shuaibah IWPP in Saudi Arabia
  • Shuaibah IWPP, a 900 MW Oil fired and 880,000 m3/day IWPP is a major “First of its kind” project in Saudi Arabia being the first IWPP in the country
2007 Forayed into new sectors besides advising IWPP projects, Synergy expanded its footprint into water and waste-water, railways and air cargo projects
2009 Synergy added new sectors, winning mandates for advising District Heating and Cooling, Solar and Biomass projects
2010
  • Synergy expanded into Asia Pacific region, winning advisory mandates in Indonesia and Thailand
  • Revenues doubled and team size tripled since starting India office
2012
  • Synergy further geographic expansions with projects in Mali, Ghana, UAE, Qatar, Malaysia and Nepal
  • Synergy forays into Government advisory engagements
2014 Revenues grew 8 Fold and team size grew six times from year 2008, Synergy started projects in Jordan, Oman, Sierra Leone, Ethiopia
2015
  • Synergy’s landmark project ASU achieves financial close – Synergy successfully closes $2.1 Billion Air Separation Unit project in Jazan, Saudi Arabia. Jazan project is the world’s largest single side air separation unit and first industrial gas project to be financed on a non-recourse basis with 100% Islamic Financing
  • Synergy started projects in Egypt and Turkey
2016
  • Synergy opened UAE Dubai office to strengthen its presence in MENA region
  • Team size increased ten-fold, Synergy expanded its footprint into several new sectors such as healthcare, real estate, manufacturing and mobile towers and new geographies such as Kuwait, Mozambique, Philippines, Morocco, Iraq
2017
  • Synergy opened Seoul, South Korea office
  • Synergy awarded MESIA Financial Advisor of the Year for 2016
  • First place on PFI League Tables as EMEA Financial Advisor for number of advisory mandates
2018
  • First place on PFI League Tables as EMEA Financial Advisor for number of advisory mandates
  • Second place on PFI League Tables as Global Financial Advisor for number of advisory mandates
2019
  • Synergy awarded MESIA Financial Advisor of the Year for 2019
  • Ranked first place globally on PFI League Tables for the Highest Number of Advisory Mandates Won in 2019
2020
  • First place on PFI League Tables as EMEA Financial Advisor for number of advisory mandates
  • Second place on PFI League Tables as Global Financial Advisor for number of advisory mandates
  • Fourth place on PFI League Tables as Asia Pacific Advisor for number of advisory mandates
  • Synergy awarded Solar Deal of the Year – Middle East and Africa by PFI for Al-Dhafra project for 2020.
  • Synergy awarded Water Deal of the Year – Middle East and Africa by PFI for Jubail 3A project for 2020.
  • Synergy awarded Financial Advisor of the year 2020 by AFSIA Solar Awards.
2021
  • Synergy awarded Middle East Africa ESG Platform Deal of the Year for Renewable Energy Project Development Office (REPDO) – PFI Awards 2021
  • Synergy awarded Asia Pacific Solar Deal of the Year (Cirata Floating Solar Power) – PFI Awards 2021
  • PFI League Tables 2021
    • Ranked # 1 in the number of Advisory Mandates Won in EMEA
    • Ranked # 1 in the Number of Advisory Mandates Won Globally
    • Ranked # 2 in the number of Advisory Mandates Won in Asia Pacific
  • Synergy received IJ Global Water Deal of the Year Award for Jubail 3B IWP
  • Synergy received MEED 2021 – Jeddah Airport 2 ISTP Water Project of the Year – Saudi Arabia
  • Synergy Consulting received the prestigious ‘Financial Advisor of the Year’ award from AFSIA (Africa Solar Industry Association) 2021
2022
  • On September 30, 2022, Synergy officially completed 20 years since its founding in 2002, commencing celebrations for “Synergy’s 20 years of Excellence”
    • In October 2022, Synergy launched the program, “20 Days of Giving”, to celebrate Synergy’s 20 Years of Excellence, to express gratitude to the communities in the nations where Synergy offices are located.
    • Synergy Service Initiative (SSI) Program was further strengthened as part of the “20 Days of Giving” Initiative with Synergy Team Members from all 11 global offices joined hands to contribute to Clean Green Environment, Education, Community Service, and Emancipation of Traditional Arts and Artisans across Synergy’s global offices.
    • “20 Days of Giving” program also included Synergy expressing gratitude to Synergy team members, arranging various activities to celebrate Synergy Team because Synergy Excellence is made possible by Synergy Team.
    • In November 2022, Synergy team participated with much gusto in the gala celebrations for 20 Years of Synergy Excellence. Synergy invited all team members, spouses and their children for a four day off-site celebration event full of gaiety and fanfare.
  • Synergy Awards 2022
    • Synergy Received Desalination Project of the year 2022 for Umm Al Haoul Expansion SWRO Desalination Plant – MEED Project Award 2022
    • Synergy Received Solar Financing Consultant of the Year – MESIA 2022
    • Synergy Received the APAC “Deal of the Year” Award, for Upper Trishuli – Hydro Power 1 project in Nepal – IJ Global 2022
    • Synergy Received Financial Advisor of the Year – IJ Global MENA Awards 2022
    • Synergy Received Deal of the Year Award for “Advanced Petrochemicals, Saudi Arabia” – IJ Global MENA Awards 2022
    • Synergy Received Deal of the Year Award for “Chemanol Refinancing & Expansion, Saudi Arabia” – IJ Global MENA Awards 2022
  • Synergy Project Milestones 2022
    • Advised Actis on Successfully Acquiring a 50% Equity stake in Emicool– UAE
    • Closed refinancing of Shuaa Energy 2 (SPV of 800 MW Solar PV Plant in UAE)
    • Provided Procurement Advisory for 2 X 30 MW Solar PV project, the first large-scale utility solar project in Botswana
    • Successfully closed refinancing of an existing facility (SAR 465mn) and arranged additional debt (SAR 240mn) for Chemanol to fund its expansion and growth projects
    • Successfully closed 230 MW Solar PV Plant in Azerbaijan – first foreign investment-based Solar PV IPP in the country
    • Advised consortium of Mubadala and TAQA for successfully signing key project agreements (including the Power Purchase Agreement) for the privatization of a CCGT power complex in Uzbekistan
2023
  • Synergy Awards 2023
    • Synergy Received Financing Consultant of the Year 2023 | Manah Solar I and Manah Solar II IPPs, Oman – MESIA Award 2023
    • Synergy Received Central Asian Deal of the Year Award | Syrdarya 2 CCGT Project, Uzbekistan – PFI 2023
    • Synergy Received PPP Deal of the Year Award | Al Wakra Al Wukair STP, Qatar – PFI 2023
    • Synergy Received Social Infra Deal of the Year Award | NEOM Residential Communities, KSA – PFI 2023

How do we help Our Clients?

Synergy team works closely with clients at various stages of project development to understand their financing needs and requirements, helping them make informed decisions. After acquiring thorough understanding of the client objectives, Synergy helps with successful execution of the engagement, providing efficient, cost competitive service to help our clients successfully achieve their goals and implement business strategies.

We leverage our in-depth understanding of the financial markets and extensive relationships with international finance institutions such as commercial lenders, DFIs and ECAs to provide optimum and cost effective solutions to our clients primarily for financing the infrastructure projects.

We provide services to our clients for:

  • Project Finance
  • Financial Analysis
  • Financial Modeling
  • Mergers & Acquisitions
  • Commercial and Financial Due Diligence
  • Project Restructuring
  • Policy Reform

Over the years, Synergy has emerged as the partner of choice for providing financial advisory services across a diverse range of sectors including Conventional Power, District Cooling, Renewable Power, Water, Wastewater, Transport & Logistics, Healthcare, Real Estate & Housing, Oil & Gas/Petrochemicals, Education, Metals & Mining, Green Hydrogen and Development & Advisory.

With offices in the USA (HQ), India (Mumbai & New Delhi), Indonesia, Ireland, Japan, Korea, Morocco, Pakistan, Saudi Arabia, South Africa, UAE (Dubai), UK, and Uzbekistan, Synergy has built international reputation for providing comprehensive range of Infrastructure Advisory services for Infrastructure Projects to its growing and diverse list of clienteles across geographies.

Synergy Consulting is experienced in projects across 80+ Countries spanning Six Continents. Synergy has successfully achieved Financial Close of projects worth more than USD 100 BN, a number of them being competitively tendered bids.

Client Testimonials

“As a Financial Advisor, Synergy provided the required financial advisory services and managed the process professionally and in a transparent manner. Synergy’s sector knowledge, bankability and financing requirements, ultimate dedication and speed of execution played a key role in project.” 

Dr. David Ladipo, Former Managing Director, Azura Power West Africa Limited

 “Synergy is assisting Metro Jeddah Company (“MJC”) for procurement of a proposed bridge over the Obhur Creek in KSA through PPP framework. Synergy is acting as the financial advisor and is advising MJC to ascertain the appropriate PPP option, financial viability of the project, development of the business plan and conducting the complete procurement process till the achievement of financial close.

Synergy’s involvement in the deal and interface with all the counterparties involved has been very professional. Project is progressing in a timely manner.”

Engr. Hammam A. Saab, B.Arch, PMP, Director, Strategic Planning & Investment Department, Metro Jeddah Company

 “Synergy has completed each of the above assignments professionally and synergy’s coordination and management of the stakeholders/ other advisors involved was efficient. The quality of deliverables was reflective of their reputation as one of the leading financial advisors in the region.”

Esmail Al Sallom, Group Chief Investment Officer, Al Rhaji Holding

 “We have found Synergy, as our financial advisor in number of transactions, to be very professional in their approach and in finding solutions to ensure that the projects are able to move forward. Many a times, the requirements change due to the change in regulations /other circumstances and each time Synergy responded quickly with both flexibility and professionalism. The level of their performance is of very high quality.”

We are happy to say that Synergy continues to deliver on their promises made at the start of our relationship and have positioned itself as our advisor of choice.””

Esmail Al Sallom, Chief Investment Officer, Al Rhaji Holding 

 “Synergy Consulting (“Synergy”) was engaged by Electricidade de Moçambique (“EDM”) in 2017 to provide transaction advisory services for divestment of a part of its stake in the 400 MW gas fired IPP at Temane in Inhambane province of Mozambique.

As the Transaction Advisor, Synergy managed the process professionally and in a transparent manner leading to considerable interest from the developer and investor community and ultimate selection of a preferred partner for EDM. Synergy’s sector knowledge, relationship with the developer/investor groups and speed of execution were critical in delivery of the assignment in a timely manner.

We thank Synergy for their efforts and wish them all the success.”

Aly Impija, Executive Board Member, Electricidade de Moçambique (“EDM”)

 “National Water Company of Saudi Arabia (“NWC”) had retained Synergy Consulting as financial advisor for a number of projects in the recent past: (i) PPP option analysis and structuring of Manfouha Phase IV sewage treatment plant; (ii) feasibility study for strategic water reserve project for Kingdom of Saudi Arabia; (iii) devising a pricing strategy for third party sale of treated sewage effluent; and (iv) pre tender commercial structuring options of Batch 2 sewage treatment plants.

Synergy has completed each of these assignment professionally and to our satisfaction. The quality of Synergy work output is a reflection of their market reputation as one of the leading and knowledgeable financial advisor in the region.

We wish Synergy the very best for their future endeavours.”

National Water Company of Saudi Arabia (“NWC”)

 “The professionalism and sincerity exhibited by M/s Synergy Consulting Inc. Team is commendable and deserves appreciation.

We are grateful for the outstanding efforts, ultimate dedication, the level of detail and accountability M/s Synergy have demonstrated on this project and proud for having you as part of our team and for receiving excellent financial advice through the entire professional journey since day one of this transaction.

Again, thank you for the wise leadership, support, assistance and hard work you have rendered to us. Emicool Team could not be more satisfied with your work and we look forward to continuing this relationship with your team in the future.”

Adib Moubadder, Chief Executive Officer, Emicool

 “Synergy was selected as the financial advisor after a competitive tendering to assist WEC for the procurement of the project.

Synergy’s execution of deal and management of all counterparties involved was professional and efficient in project agreements execution, commercial terms & risk allocation and enabling achievement of financial closure within 7 months of the start of the assignment.

We thank Synergy for their efforts and wish them all the best.”

Khaled bin Zwaid AlQureshi, Chief Executive Officer, WATER & ELECTRICITY S.M.L.L.C