Info Report Check
Submission incomplete:
1: The PP/DOE are requested to list all relevant assumptions, data, input values and references used in the investment analysis and the results of the investment analysis as per EB 48 Annex 60 paragraph 10 (a).
In the PDD (page 10) the Project Participant (PP) indicates that the benchmark is 8% excluding income tax, whereas the Validation Report notes that the benchmark of 8% includes the tax.

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 IRR spreadsheet indicates that depreciation is calculated on the basis of the dynamic total investment (sheet Basic Parameters, line D9), which includes the bank interests charged for the building loan. Information is required on this matter.


3: The DOE is requested to provide information on how it has assessed the existence of the similar projects for common practice analysis as per VVM v 1.2 paragraph 121 (b).
The validation report does not explain how the existence of similar projects in the province was assessed.

4: The DOE is requested to address the changes made to the project design since the global stakeholder consultation was conducted, as per VVM v1.2 paragraph 173(c).
The DOE's client indicated in the Validation Report is not a Project Participant as required by EB 50 Annex 48 paragraphs 7 to 9.