Info Report Check
Submission incomplete:
1: 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).
In particular, 1) free electricity to the government considering the value was based on HPERC tariff order dated on 9 Feb. 2010 according to the validation report, which is not consistent with the information provided in the PDD (sourced from DPR review report and crosschecked with HPERC's order on small hydro power projects dated on 18 Dec. 2007; 2) residual value (including land cost) considering the parameter was not included in the IRR calculation in the submitted spreadsheet.

2: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE shall clarify why a shorter period of vintage is opted for the market return (1999 - 2010) and the maturity of the government bond (10 years), which are not consistent with the investment horizon of the project activity (40 years).