Info Report Check
Submission incomplete:
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).
(1) It is noted that the validation report (page 22) states that the PLF has been determined by Energia Eolica which is the project participant not a third party contracted by the project participant (external entity as stated in the validation report page 22). The DOE is requested to provide the information on how it has validated that the Plant Load Factor (PLF) is determined in line with EB 48 Annex 11. i.e. the PLF shall be defined ex-ante according to one of the following options: (a) The PLF provided to banks and/or equity financiers while applying the project activity for project financing, or to government while applying the project activity for implementation approval; (b) The PLF determined by a third party contracted by the project participants. (2) The DOE is requested to provide the information on how it has determined the accuracy and suitability of the O&M cost using the available evidence and expertise in relevant accounting practices, as well as how it has cross checked this parameter, as per VVM version 01.2 paragraph 111(a) and (b); (3) The DOE is requested to provide the information on how it has validated the fair value. The fair value should be calculated in accordance with local accounting regulations where available, or international best practice, as per EB 62 Annex 5 paragraph 4.