Info Report Check
Submission incomplete:
1: 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).
Information is required on whether the investment analysis has considered depreciation and payable interest rate for calculating the income tax as per paragraph 5 and 11 of Guidelines of the assessment of investment analysis (version 05), EB 62 Annex 5.

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).
Information is required on : i) the exact data vintage years together with the corresponding values of various components, including risk free rate, expected market return that were used in the calculation of WACC, which should be comparable with the investment horizon of the project activity, i.e. 21 years; and ii) information regarding how the DOE validated that the calculated beta value represents the market risk for the relevant sector in the country. Information must be provided regarding a) the data source and b) how all of the underlying factors were properly justified as per paragraph 15 of the Guidelines of the assessment of investment analysis (version 05), EB 62 Annex 5.