15:03 06 May 24
Info Report Check
Submission incomplete:
1: The PP/DOE are requested to describe on identification of baseline scenario(s) in PDD as per EB 48 Annex 60 paragraph 10 (a).
The baseline scenario has been identified by applying the levelised cost of electricity. The levelized cost for the project activity is calculated considering 100% debt. The DOE is required to clarify if this consideration is the common practice in market as per para 18 of EB61 Annex 13.
2: The DOE is requested to describe the steps taken to assess the identification of the baseline scenario of the project activity as per VVM v1.2 paragraph 87.
The DOE (p24) states that " Such a large difference in the plant efficiencies makes the operation of an open cycle gas turbine plant an uneconomical option and is hence not feasible to be implemented." The DOE is required to substantiate further information on how an open cycle gas turbine plant is "an uneconomical option" as per the para 87(c) of VVM v.1.2 as the validation report did not contain any related figures
3: The DOE is requested to provide information on the steps taken to validate the project starting date as per VVM v 1.2 paragraph 104 (a).
The DOE (page 102) states that “"The project activity, on the other hand, was established through an international competitive bidding (ICB) process”. The DOE is required to justify why the date of the bidding process was not considered as the start date of the project activity as the validation report does not provide any information of when the bidding process took place.
4: 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).
The validation report (p 56) indicates there is "incentive payment (for PLF of 80% and more)" and the project considers 85% of PLF. However, the spreadsheet shows that the incentive is zero.; 2) The validation report (p 102) and the PDD (p 26) indicates that the coal power plant option considers the same tariff as the project activity. The DOE is required to provide further clarification on how the application of the same tariff is appropriate as the tariff of the PA is based on the PPA and the project was established through a bidding process where the bidder quoted a tariff for natural gas based power projects; 3) The DOE (p 77) states that cost of coal was based on "D Grade coal". Further clarification is required on the selection of "D Grade coal" as the DOE did not provide any justification
5: The DOE is requested to report how it has validated common practice analysis as per VVM v 1.2 paragraph 121.
The DOE is requested to further explain how it has validated the common practice analysis, in particular: (a) how the difference in tariff system can be regarded as essential distinction in line with the Tool for the demonstration and assessment of additionality v05.2.1 Sub-step 4b as the DOE has not provided any information with regard to the differences between the tariff systems of the similar projects and the project activity, and (b) how tariff system applied to the project activity affects its implementation. Please refer to Tool for the demonstration and assessment of additionality v05.1.2 Sub-step 4b
1: The PP/DOE are requested to describe on identification of baseline scenario(s) in PDD as per EB 48 Annex 60 paragraph 10 (a).
The baseline scenario has been identified by applying the levelised cost of electricity. The levelized cost for the project activity is calculated considering 100% debt. The DOE is required to clarify if this consideration is the common practice in market as per para 18 of EB61 Annex 13.
2: The DOE is requested to describe the steps taken to assess the identification of the baseline scenario of the project activity as per VVM v1.2 paragraph 87.
The DOE (p24) states that " Such a large difference in the plant efficiencies makes the operation of an open cycle gas turbine plant an uneconomical option and is hence not feasible to be implemented." The DOE is required to substantiate further information on how an open cycle gas turbine plant is "an uneconomical option" as per the para 87(c) of VVM v.1.2 as the validation report did not contain any related figures
3: The DOE is requested to provide information on the steps taken to validate the project starting date as per VVM v 1.2 paragraph 104 (a).
The DOE (page 102) states that “"The project activity, on the other hand, was established through an international competitive bidding (ICB) process”. The DOE is required to justify why the date of the bidding process was not considered as the start date of the project activity as the validation report does not provide any information of when the bidding process took place.
4: 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).
The validation report (p 56) indicates there is "incentive payment (for PLF of 80% and more)" and the project considers 85% of PLF. However, the spreadsheet shows that the incentive is zero.; 2) The validation report (p 102) and the PDD (p 26) indicates that the coal power plant option considers the same tariff as the project activity. The DOE is required to provide further clarification on how the application of the same tariff is appropriate as the tariff of the PA is based on the PPA and the project was established through a bidding process where the bidder quoted a tariff for natural gas based power projects; 3) The DOE (p 77) states that cost of coal was based on "D Grade coal". Further clarification is required on the selection of "D Grade coal" as the DOE did not provide any justification
5: The DOE is requested to report how it has validated common practice analysis as per VVM v 1.2 paragraph 121.
The DOE is requested to further explain how it has validated the common practice analysis, in particular: (a) how the difference in tariff system can be regarded as essential distinction in line with the Tool for the demonstration and assessment of additionality v05.2.1 Sub-step 4b as the DOE has not provided any information with regard to the differences between the tariff systems of the similar projects and the project activity, and (b) how tariff system applied to the project activity affects its implementation. Please refer to Tool for the demonstration and assessment of additionality v05.1.2 Sub-step 4b
Offset now: visit the United Nations Carbon Offset Platform
Connect with us: