06:25 20 Jul 25
Info Report Check
Submission incomplete:
1: The DOE is requested to indicate whether the letter of approvals was received from the project participants or directly from the DNA as per VVM v1.2 paragraph 49(b).
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).
a) The input value 'plant load factor' (based on installed capacity of 234MW) and resultant electricity generation is not included in the list of input values.
b) The take or pay rate (90%) agreed with the grid operator is after the project start date.
c) The source for the construction cost of the plant (397m USD) has been referenced as 'Sumitomo Corporation Quotation' however, no date is provided and the quote is not included in the references list. Cross check for the construction cost of the plant (397m USD) is missing.
d) Overhead and project management cost (44.81m USD) has not been cross checked.
e) Input value 'Interest Rate', in the comment section (Annex 3), contains typos.
3: The DOE is requested to include information on how it has validated sensitivity analysis of the investment analysis as per VVM v1.2 paragraph 111 (e).
Presentation of which conditions are necessary for the benchmark to be reached and the likelihood of these conditions is missing.
In addition the spreadsheet has not been provided in an unprotected format (EB 62, Annex 5, guidance 8).
4: The DOE is requested to address the changes made to the project deign since the global stakeholder consultation was conducted as per VVM v1.2 paragraph 173(c).
5: The DOE is requested to include a list of documents reviewed as per VVM v1.2 paragraph 174 (d).
Refered documents are missing from the references list or inconsistently named, inter alia: /PT/, /PDP&E/, /BOD/, /PPA/, /MoI/, /FG/, /GRP/ and /EPC/
6: The DOE is requested to report if it has applied standard auditing techniques to refer to relevant information as per VVM v1.2, paragraph 33 (c).
The date format and sequence is used inconsistently.
1: The DOE is requested to indicate whether the letter of approvals was received from the project participants or directly from the DNA as per VVM v1.2 paragraph 49(b).
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).
a) The input value 'plant load factor' (based on installed capacity of 234MW) and resultant electricity generation is not included in the list of input values.
b) The take or pay rate (90%) agreed with the grid operator is after the project start date.
c) The source for the construction cost of the plant (397m USD) has been referenced as 'Sumitomo Corporation Quotation' however, no date is provided and the quote is not included in the references list. Cross check for the construction cost of the plant (397m USD) is missing.
d) Overhead and project management cost (44.81m USD) has not been cross checked.
e) Input value 'Interest Rate', in the comment section (Annex 3), contains typos.
3: The DOE is requested to include information on how it has validated sensitivity analysis of the investment analysis as per VVM v1.2 paragraph 111 (e).
Presentation of which conditions are necessary for the benchmark to be reached and the likelihood of these conditions is missing.
In addition the spreadsheet has not been provided in an unprotected format (EB 62, Annex 5, guidance 8).
4: The DOE is requested to address the changes made to the project deign since the global stakeholder consultation was conducted as per VVM v1.2 paragraph 173(c).
5: The DOE is requested to include a list of documents reviewed as per VVM v1.2 paragraph 174 (d).
Refered documents are missing from the references list or inconsistently named, inter alia: /PT/, /PDP&E/, /BOD/, /PPA/, /MoI/, /FG/, /GRP/ and /EPC/
6: The DOE is requested to report if it has applied standard auditing techniques to refer to relevant information as per VVM v1.2, paragraph 33 (c).
The date format and sequence is used inconsistently.
Offset now: visit the United Nations Carbon Offset Platform
Connect with us: