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Kuungana works on projects with governments, donors, NGOs, and the private sector to achieve Sustainable Development Goal 7: universal access to clean, affordable energy

Kuungana Advisory is a boutique consulting firm providing energy economics and commercial advisory services to public sector and private sector actors in the energy sector. The firm was set up by Stephen Nash, who was previously an energy sector consultant for PwC and Baringa Partners LLP, in 2015. Kuungana’s over-arching mission is to work on advisory projects that facilitate the transformational change required to increase access to environmentally sustainable and affordable energy supply in both developed and developing countries. Kuungana works extensively with governments and regulators to shape energy markets and to create an enabling framework within which the private sector can invest. Kuungana’s work covers market design and energy market regulation at the micro-level (for off-grid), national level, and at the regional level. Kuungana also works closely with a wide range of private sector developers and investors. This includes advising on strategy and performing market and commercial due diligence for equity and debt investors. Kuungana’s clients operate across the value chain (from resources, to generation, to networks, to demand-side) and a complete spectrum of technologies. Kuungana’s work is underpinned by rigorous analytics, complemented by an understanding of the big picture priorities of the clients that we work with. This combination is what brings back many of our clients for repeat work.


As an energy economics and transaction advisory firm, Kuungana offers a unique blend of policy and regulation, commercial, and financial advisory services.

Our clients include governments, regulators, donors, utilities, and investors in the energy sector, in both developed and developing countries.

Our growing London-based team is supported by a network of associate consultants and firms with a local presence in our key markets.


Kuungana Advisory provides energy economics and commercial advisory services to public sector and private sector actors in the energy sector.

Rift Valley Energy
UK Energy Research Centre
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The World Bank
International Renewable Energy Agency
Foreign, Commonwealth & Development Office
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International Finance Corporation
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Inspired Evolution Investment Managemment
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