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A~DU{ MoIZIBY7 p_YEegp&+|r4/4_G-5ɕG%cmK?/o .Ҿpg9h'Pz7}_̿/Pg]njּqE1[x]:72>WQֿC( 2q??t;wE)w_"p=ٮ<V_)w_"?S?0Ez 0=wj73]N_$GoBXe_^=(k{V=E7/L~.<Ojj~hjװ 41LlL p(cǔIZKZ ]2EC2|O^/69hH0;:aTU{?GC'猿`KI_?yp]M3=kW 9^e{Dƚ{oݫcYđ)@VD :`t4Y$hw&Z.Sݣ`~:e⛅DŽ=FWXXI3E&;/sYH-OEk}*G) ?!SW?ρH)O!} ? c'`iMPO$u'ڿS?_j|MXOTYp]0EwG?`JPUqK&T4m/@ҭ=N0E[3?S AA@A@   j%MWyearOperation timeYear1.2.3.4.5.6.7. Load factorhaI. Technical parametersParasitic and loss load hoursGross electricity capacity''Total investment costEquityLoan1000 VNDFinancial project lifetimeElectricity priceOperating yearConstruction periodOperation period#Currency selecttion & exchange rateVNDTax1. Resources tax (per turnover) Electricity CO2 emissiongCO2/kWhLogicW/m2Preparation period-Total operating and maintenance cost per year%Operating & maintenance cost per yearOther operating cost per yearAnnual electricity outputsGWhCO2 emission reduction+ CO2 emission factor I. Revenues of operation, t VNDVND/USDVND/kWhCent/kWhArea of the reservoir Power density AssumptionII. Investment costIII. Financial plan1. Local currency VND/EURIV. Products RevenueV. Operating cost billion VNDTotal revenues + Loan rate + Interest Cash flow analysisIncome tax rateIncome after taxVI. DepreciationWithWithoutduring revenue from CERII. Costs of operationIII. Cash flow calculationsCash flow from operations$Operating and maintenance cost (O&M) Income tax Currency :Net operating cash flow!Net cash flow before debt serviceIV. Investment performanceAverageStart operation year End operation yearSensitivity analysis SensitivityElectricity outputsInsurance costUSD/kWO&M costInvestment costPost-tax Project IRRyearstCO2Operating timeNo<2. Cost for using water resources from irrigation reservoirs52.3. Repayment period without the construction period Depreciation period of the plantDepreciation of the plant Starting date of operationMonthEmission reductionProject emissionLeakage emissionBaseline emissionTaxes relating to the operationII.1.II.2.II.2.1. Resource tax rateIII.2.2. Tax rate for for using water resources from irrigation reservoirs Resource taxE Tax for for using water resources from irrigation reservoirsII.3.Total operation costs Operating profit before taxElectricity price without VATI.1.I.2.I.3.I.1.1. Capacity, MW(I.1.2. Gross electricity generation, kWh.I.1.4. Electricity export revenue, billion VNDI.2.1. Project emission, tCO2I.2.2. Total leakage emission,I.2.4. Total emission reduction amount, tCO23I.2.5. Revenue from emission reduction, billion VNDIII.1.III.2.III.3.III.4.III.5.III.6.III.8.III.9.III.7.IV.1.&I.1.3. Net electricity generation, kWhI.2.3. Baseline emission, tCO2 ParameterFeed-in tariff VariationFIRRTotal(Onlymonths) Emission tCO2 3.1. During the first period! 3.2. During the second period 3.3. During the third period+ 3.4. During the period of fourth periodElectricity generation, GWhNet electricity GWh By 31 December #Expected starting date of operationProject informationBased on Decision 709/QD-NLDK issued on 13 April 2004 and now Decision No 2014/QD-BCN issed on 13 June 2007 by Ministry of IndustryI. Capacity and outputsII. Investment cost Existing please select>IV.1.1. Post-tax nominal project Internal Rate of Return (IRR)rThe sensitivity analysis shows that the FIRR of the project is considerably lower than the benchmark in all cases.ScheduleStatus of the sponsorThe project is located inUBased on the Decision No 108/2006/ND-CP issued on 22 September 2006 by the Government belong toEList of sectors that are promoted to be invested in by the governmentKRegion that is categorised as a very poor social-econmic development region + Rate& + Feed-in tariff applied for 1 kWhSBased on Circular No 42 /2007/TT-BTC issued on 27 April 2007 by Ministry of FinancePBased on Decree No 24/2007/ND-CP issued on 14 February 2007 by the Government: Accodring to Decision No 30/2006/QD-BCN issued on 31 August 2006 by Ministry of Industry, the investment capital of project sponsor (equity) in the project must be accounted for at least 30%PROJECT IDENTIFICATION Project name:Owner:CDM developed by:6Energy and Environment Consultancy Joint Stock Company1. Total investment cost 2. Equity 2.1. Value) 2.2. Expected return on equity rate 3. Loan + Value + Interest rate Project type:Emission reduction CO2Nam Gion Hydropower Project?Ha Thao Construction Investment and Trading Joint Stock Company0Hydropower Plants located in the Nort of VietnamProvincePrice, VND/kWh Signing dateSource/EvidenceNam Pia Son LakThe minute signed on 28 September 2006 between EVN and the Lam Son Trading and Construction Company limited Muong KimYen BaiBased on the draft agreement on purchase of the power generated by Muong Kim hydropower project signed on 18 May 2007 between EVN and the project sponsor Nam Tha 6Lao Cai}Based on the Power Purchase Agreement No 06-2007/IPP/PhucKhanh-EVN signed on 01 June 2007 between EVN and the project sponsor Ngoi Xan 1Based on the negotiation report on purchase of the power generated by Ngoi Xan 1 hydropower project signed in 01 June 2007 between EVN and the project sponsor Nam Chien 2Based on the draft agreement on purchase of the power generated by Nam Chien 2 hydropower project signed in September 2007 between EVN and the project sponsorNam NganHa GiangBased on the Power Purchase Agreement for Nam Ngan hydropower project signed on 18 September 2007 between EVN and Nam Mu Hydropower Joint Stock CompanyNam KhotBased on the draft agreement on purchase of the power generated by Nam Khot hydropower project signed on 26 September 2007 between EVN and the project sponsor Chieng CongBased on the negotiation report on purchase of the power generated by Chieng Cong hydropower project signed in 27 November 2007 between EVN and the project sponsorCoc DamzBased on the Power Purchase Agreement No 12-2007/IPP/HS-EVN signed between the project sponosr and EVN on 21 December 2007 Average priceThis is average tariff among those EVN offerred for IPP hydropower plants located in the North of Vietnam like Nam Gion Hyropower Project: Nam Pia, Muong Kim, Nam Tha 6, Ngoi Xan 1.etc54. Average enterprise revenue tax during the lifetimetAnnual Report of the State Bank 2006, p 42, the range of interest rate for long term credit is from11.4 - 16.2%/year CO2 priceEUR/tCO2VND/tCO2: 3.5. Average enterprise revenue tax during the lifetime3. Enterprise revenue taxrBased on VND Exchange of commercial banks on 12 December 2007 (source: The State of Bank http://www.sbv.gov.vn/vn)"Annual export to the national grid&III. Status of the sponsor and projectIV. Investment schedule.V. Electricity price (without VAT tax of 10%) VII. GPD of Son La Province?Production of the province at constant 1994 price Billions VN AgricutureForestryAquatic ProductIndustryServicesTotal of CountryAccording to the total GDP in 2007 of Son La province quoted from Statistical Annual Book of Vietnam published by Statistical Publishing House 20089Production of the province at current price, Billions VN Agricutural GPD of Son La)5. 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