20:28 20 Jun 25
Info Report Check
Submission incomplete:
1: The DOE 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.
The DOE has not explained how the baseline (“electricity delivered to the grid by the project activity which would have otherwise been generated by the operation of grid-connected power plants”) is suitable to the project activity as there is no information provided by the DOE that supports the claim that the expanded manufacturing line would have consumed electricity from the grid.
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).
The DOE has not crosschecked the following input values in line with the VVM version 01.2 paragraph 111:
(a) The other components of capital cost such as land cost, civil works,etc. for sub bundle 1, 2 and 3;
(b) the O&M cost of sub bundle 1, and the relevance of using data from KERC order to crosscheck O&M cost of sub bundle 2 and 3 that are located in Tamil Nadu;
(c) the electricity generation for sub bundle 1, 2 and 3, in particular the appropriateness of applying 5% wheeling charges and 5% banking charges to calculate the electricity generation, given that the electricity generation in the emission reduction calculation does not consider such charges.
3: The DOE is requested to describe the steps undertaken to assess if the monitoring arrangements are feasible to be implemented within the project design as per VVM v1.2 paragraph 124(b).
The VR has not explained how the location of meter used to monitor the parameter EG is appropriate, that it will monitor the electricity used by the expanded manufacturing unit (PDD page 3). Furthermore, as electricity generation in the financial analysis considers wheeling and banking charges, the VR has not explained how these will be taken into account in the monitoring.
4: The DOE is requested to identify if the PDD has been updated and rectified according to the responses to the CARs, CLs and or FARs raised during validation as per VVM v 1.2 paragraph 39.
The CL4 point 18 (h) was closed as the PP responded that the default debt-equity ratio of 50:50 is used. However, the spreadsheet does not show that debt-equity ratio of 50:50 is used.
1: The DOE 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.
The DOE has not explained how the baseline (“electricity delivered to the grid by the project activity which would have otherwise been generated by the operation of grid-connected power plants”) is suitable to the project activity as there is no information provided by the DOE that supports the claim that the expanded manufacturing line would have consumed electricity from the grid.
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).
The DOE has not crosschecked the following input values in line with the VVM version 01.2 paragraph 111:
(a) The other components of capital cost such as land cost, civil works,etc. for sub bundle 1, 2 and 3;
(b) the O&M cost of sub bundle 1, and the relevance of using data from KERC order to crosscheck O&M cost of sub bundle 2 and 3 that are located in Tamil Nadu;
(c) the electricity generation for sub bundle 1, 2 and 3, in particular the appropriateness of applying 5% wheeling charges and 5% banking charges to calculate the electricity generation, given that the electricity generation in the emission reduction calculation does not consider such charges.
3: The DOE is requested to describe the steps undertaken to assess if the monitoring arrangements are feasible to be implemented within the project design as per VVM v1.2 paragraph 124(b).
The VR has not explained how the location of meter used to monitor the parameter EG is appropriate, that it will monitor the electricity used by the expanded manufacturing unit (PDD page 3). Furthermore, as electricity generation in the financial analysis considers wheeling and banking charges, the VR has not explained how these will be taken into account in the monitoring.
4: The DOE is requested to identify if the PDD has been updated and rectified according to the responses to the CARs, CLs and or FARs raised during validation as per VVM v 1.2 paragraph 39.
The CL4 point 18 (h) was closed as the PP responded that the default debt-equity ratio of 50:50 is used. However, the spreadsheet does not show that debt-equity ratio of 50:50 is used.
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