Info Report Check
Submission incomplete:
1: The DOE is requested to state whether the data and parameters are conservative and appropriate if they are fixed ex-ante (not need to monitor) during the project activity crediting period as per VVM v1.2 paragraph 91.
in particular, the DOE is requested to explain how it validated the calculation of the grid EF, given that not all the information included in the spreadsheet is available in the documents issued by SENER.

2: 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).
In particular (i) the "Other Cost (promotion, licences, permits, land, office, ...)" included in the total investment and (ii) the CPI applied in the escalation of the tariff. In doing this, the DOE is requested to provide information on the forecast period considered in the report from the Central Bank of Mexico and to validate the applicablity of this information to the proposed project activity at the time of investment decision; (iii) that actual interest payable have been considered in the calculation of the income tax. In doing this, the DOE is requested to further explain how the loan/equity ratio and the interest rates were validated; (iv) the reationale of considering only three months of operation in the first year, given that the project IRR is calculated for full years.