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).
The DOE is requested to validate the input values to the investment analysis. Specifically:
The feasibility study /30/ is not dated.
For the O&M costs the source letter from LAWI /31/ is not dated nor has the value been crosschecked.
The source for the price of rice husk /33/ is not dated.
The source for the price of wood bark /35/ is not dated nor has the value been crosschecked.
The source for the electricity tariff /47/ was dated after the project start date and the value was not crosschecked.
The source for the electricity tariff (bonus) /47/ was dated after the project start date and the value was not crosschecked.
The sources for the net electricity generation were not dated and the validation did not appear to be in accordance with EB48 Annex 11.
The source for the biomass quantities and quality (NCV) is not dated and the value is not crosschecked.
In additions several important input values were not mentioned nor validated in the validation report. For example: tariff for electricity supplied to the rice mill, the terms of the loan and, the PEA operating charge.

2: The DOE is requested to include information on how it has validated sensitivity analysis of the investment analysis as per VVM v1.2 paragraph 111 (e).
The DOE is requested to determine under what conditions variations in the result would occur, and the likelihood of these conditions.


3: 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).
The DOE is requested to validate the benchmark. The data vintage (2007-2009) is inconsistent with the time frame of the investment analysis and project lifespan (20 years).