Info Report Check
Submission incomplete:
1: The DOE/PP is requested to describe the steps taken to assess the identification of the baseline scenario of the project activity as per VVM v1.2 paragraph 87.
In particular, the DOE/PP are requested to describe the steps undertaken to identify the baseline scenario (i.e. electricity imported from the grid), given that in the pre-project scenario, the electricity has been supplied to the facility by both grid and captive power generation plant.

2: The DOE is requested to state if the methodology provides different options for equations and parameters and if the selection is appropriate as per VVM v1.2 paragraph 90.
In particular, the DOE is requested to provide information on how the appropriateness of using the simple OM method, option (a) for the ex ante calculation of the grid emission factor was validated.

3: 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, the DOE is requested to include information on how it has validated (i) the operational hours of the MLCFL plant; (iii) the difference between the nominal and rated capacity of the turbine; (iii) the electricity tariff applied; (iv) the depreciation period and the fair value applied, and (v) the technical lifetime of equipment.

In doing this, the DOE is requested to provide details on the historical operational time of the MLCFL plant and the electricity tariff prior to the investment decision (i.e. 26/09/2007).

The DOE is also requested to provide information on the rationale of applying escalation only to the electricity tariff in the investment analysis.

4: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE is requested to further explain how it has validated (i) the appropriateness of the formula used to calculate benchmark, in particular, the addition of the spread to the lending rates (ii) that the KIBOR is applicable to the specific project activity; (iii) that the spread rate applied (3.5%) is adequate at the time of investment decision; (iv) whether the selected benchmark (13.32%) is pre-tax or post-tax. In doing this, the DOE is requested to provide further details on the quotation of KIBOR and the applicable tax regime.