Info Report Check
Submission incomplete:
1: The DOE is requested to describe how it has assessed the application of the equations and parameters for the calculation of emission reductions as per VVS version 7 paragraphs 101.
With respect to the calculate of project emissions due to the use of electricity in page 18 of the PDD, it is observed that the stated parameters are not matching the opted formula. E.g. the formula does not include parameter "FCn,i,t".

2: 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 7 paragraphs 125 and 127 (a) (b).
It is observed that:
(a) The total cost of the project, the repair and maintenance cost, and operational costs are not cross-checked against third-party or publicly available sources;
(b) The stated repair and maintenance costs in page 22 of the validation report (3% of CAPEX) is not consistent with the value applied in the investment analysis spreadsheet (6% CAPEX);
(c) The breakdown of the operational costs are not provided, and the DOE did not report on how it has confirmed that this costs does not include any component of the repair and maintenance costs; and
(d) The assumed NG price in the project activity is lower than the public NG price for 2014, and the DOE has concluded the assumed NG price is appropriate and conservative.
The DOE is request to: (a) provide information on how it has cross-checked those input values as per paragraph 127 (b) of VVS version 7 and validated the suitability of each parameter; (b) address the inconsistency; (c) provide the breakdown of operational costs; and (d) provide information on how it has validated the lower assumed natural gas price is suitable and conservative, given the fact that lower natural gas price results in lower project IRR.