Info Report Check
Submission incomplete:
1: The DOE is requested to provide information on the steps taken to validate the actions taken to secure the CDM status between the project starting date and the start of validation as per EB 49 Annex 22 paragraph 8 b.
In particular, further information is required for the sub-projects M/s Betul Oils and Flours Limited and M/s Vippy Spinpro Limited. In doing so, the DOE should clarify which are the CDM specific deliverables/actions carried out under the first, second and third CDM consulting contracts, and whether the local stakeholder consultation dated 19/05/2008 is a CDM related action, considering that the time gap between the project starting date and the Host Country approval meeting with the DNA (dated 15/12/2011) is more than 3 years.

2: 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 further validation opinion on the suitability of the O&M costs, considering that the value used in the IRR calculation is higher than the value of 1% recommended by MPERC. The DOE should also clarify whether the escalation of 5% is in line with the MPERC.
Moreover, the DOE should provide a validation opinion on the suitability of using a fixed tariff, considering that the both the IRR and benchmark are expressed in nominal terms.