07:30 13 Aug 25
Info Report Check
Submission incomplete:
1: The PP/DOE are requested to present the sensitivity analysis of the investment analysis as per EB 48 Annex 60 paragraph 10 (a).
In particular, the PDD shall show the impact of a different electricity tariff in the IRR calculation, considering that it is sourced from an Energy Auction Bid.
2: The DOE is requested to provide information on the steps taken to validate the project starting date as per VVM v 1.2 paragraph 104 (a) and in line with the Glossary of CDM Terms.
In addressing this issue the DOE shall provide a further validation opinion on why the energy auction date can be regarded as an appropriate project start date in line with the requirements of the CDM Glossary of Terms. In addition, the PDD should provide information in line with EB 41, Annex 12 (section B.5 guidelines), which requires the "implementation timeline of the proposed CDM project activity".
3: The DOE is requested to confirm the accuracy of the financial calculations carried out for the investment analysis as per VVM v 1.2 paragraph 114 (c).
The DOE should provide a validation opinion on why a consolidated investment analysis was submitted for the three different sites included in the project boundary (which have different electricity tariffs, load factors, investment costs and installed capacities). In particular, the DOE should provide a validation opinion on why a separate investment analysis spreadsheet was not submitted for each site.
4: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a) and the "Guidelines on the assessment of investment analysis", paragraph 6.
In particular, the DOE should provide a validation opinion on how the input values (CAPEX, net electricity generation, taxes, taxes income and O&M) were applicable at the time of investment decision (the project starting date).
In addition, it was observed that the dates of the sources of data are not mentioned and some input values were found suitable by crosschecking them against the same evidence which was used as source for that particular input value (e.g. CAPEX, O&M, etc).
5: The DOE is requested to include information on how it has validated sensitivity analysis of the investment analysis as per VVM v1.2 paragraph 111 (e).
In particular, the DOE should provide a validation opinion on the appropriatness of excluding the electricity tariff from the analysis.
1: The PP/DOE are requested to present the sensitivity analysis of the investment analysis as per EB 48 Annex 60 paragraph 10 (a).
In particular, the PDD shall show the impact of a different electricity tariff in the IRR calculation, considering that it is sourced from an Energy Auction Bid.
2: The DOE is requested to provide information on the steps taken to validate the project starting date as per VVM v 1.2 paragraph 104 (a) and in line with the Glossary of CDM Terms.
In addressing this issue the DOE shall provide a further validation opinion on why the energy auction date can be regarded as an appropriate project start date in line with the requirements of the CDM Glossary of Terms. In addition, the PDD should provide information in line with EB 41, Annex 12 (section B.5 guidelines), which requires the "implementation timeline of the proposed CDM project activity".
3: The DOE is requested to confirm the accuracy of the financial calculations carried out for the investment analysis as per VVM v 1.2 paragraph 114 (c).
The DOE should provide a validation opinion on why a consolidated investment analysis was submitted for the three different sites included in the project boundary (which have different electricity tariffs, load factors, investment costs and installed capacities). In particular, the DOE should provide a validation opinion on why a separate investment analysis spreadsheet was not submitted for each site.
4: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a) and the "Guidelines on the assessment of investment analysis", paragraph 6.
In particular, the DOE should provide a validation opinion on how the input values (CAPEX, net electricity generation, taxes, taxes income and O&M) were applicable at the time of investment decision (the project starting date).
In addition, it was observed that the dates of the sources of data are not mentioned and some input values were found suitable by crosschecking them against the same evidence which was used as source for that particular input value (e.g. CAPEX, O&M, etc).
5: The DOE is requested to include information on how it has validated sensitivity analysis of the investment analysis as per VVM v1.2 paragraph 111 (e).
In particular, the DOE should provide a validation opinion on the appropriatness of excluding the electricity tariff from the analysis.
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