Info Report Check
Submission incomplete:
1: 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).
i) Further crosscheck and provide clear sources for the input values: 'royalty or free power to the State Electricity Board', 'debt to equity ratio', 'capital subsidy', 'interest during construction (IDC)', 'working capital', 'interest on loan' and 'repayment period'.
ii) Validate the suitability of the application of the minimum applicable tax (MAT) and income tax in the IRR calculation.

2: 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).
i) Provide the source for: the cost of debt (PLR), the tax on the debt and the beta value.
ii) Historical values of BSE indices (webpage) was provided as the source for the market premium and beta value, however, it is unclear if this resource was available before the project start date.

3: The DOE is requested to include a statement on the validation of the expected emission reductions in the validation opinion as per VVM v 1.2 paragraph 176 (d).
Please note that the amount of emission reductions is not mentioned.