Info Report Check
Submission incomplete:
1: The DOE is requested to state if the baseline methodology is correctly applied to calculate project/baseline emissions, leakage and emission reductions as per VVM v1.2 paragraph 92(d).
The DOE shall explain how it has validated the appropriateness of using output energy (electricity) to determine the fcap, given that the case 2 under method-3 is selected whereas the final output energy (electricity) other than the intermediate energy is used to determine the fcap.

2: 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).
(a) For the investment cost, please explain how the "similar projects under consideration" were determined and why those projects are considered similar and comparable to the project activity. In doing so, please also provide a breakdown of the investment costs of the project activity.
(b) For the annual O&M costs, the DOE shall specify what projects have been used for cross-checking and explain how it has validated that those projects are similar and comparable to the project activity in terms of the O&M costs. In doing so, please also (i) provide the information on the components of the O&M costs of those similar projects; (ii) explain how it has validated the suitability of each component of the O&M costs of the project activity; and (iii) explain how it has validated the validity and applicability of the local regulation n.225 (2002) in determining the transmission, reserve capacity and grid connection fees of the project activity.
(c) For the tariff, as explained in page 18 of the validation report, the applied tariff (0.483 CNY/kWh) was sourced from the tariff invoices (Jan. 2011 to March 2011), which is different with another actual tariff (0.527 CNY/kWh) mentioned in the investment analysis spreadsheet. Please explain whether the tariff of 0.527CNY/kWh is valid at the time of investment decision and how the DOE has validated the suitability of the applied tariff.
(d) Please explain whether the bank loan has been applied in the financing of the project activity.
(e) The DOE shall explain how it has validated the calculation of the residual value.
(f) The DOE shall explain how it has validated the suitability of the expected operation lifetime of the project activity (14 years).

3: The DOE is requested to provide information on how it has assessed each barrier presented as per VVM v 1.2 paragraph 118 (a) and (b).
The DOE shall explain how it has validated barrier related to the lack of access to capital. In doing so, please:
(a) explain whether the bank loan has been applied in financing the project activity;
(b) provide the information on the entities involved in the financing of the project activity as required by paragraph 4 of EB 50 Annex 13; and
(c) if bank loan is applied in financing the project activity, explain how the DOE has validated that the bank loan was approved only due to the benefit of CDM. Please refer to paragraph 9 of EB 50 Annex 13.

4: Please resubmit the project activity using the latest standards, methodology and guidance that are applicable to the project activity.