Info Report Check
Submission incomplete:
The DOE is requested to describe how it has validated the suitability of the input values used in the financial calculations as per VVS version 2 paragraphs 120 and 123 (a).
For investor Ajeet and Meru, the VR pages 36 and 53 state that the IRRs have been cross checked with actual tariff (Rs.4.00/kWh as per PPA) and weighted average price of REC benefits and found to be 13.68% and 8.35% for Ajeet and Meru respectively, and that the REC price per unit works out to be Rs.0.50/kWh considering the average volume of REC (41%) being traded between February 2011 to September 2013. The DOE is requested to: (i) explain how the REC price unit works out to be Rs.0.50/kWh; (ii) provide the calculation of the IRR considering these REC; (iii) justify the choice of the time frame between February 2011 to September 2013 for the REC price.