Info Report Check
Submission incomplete:
The DOE is requested to confirm the appropriateness of the underlying assumptions and the accuracy of the financial calculations carried out for the investment analysis as per VVS version 09.0 paragraphs 129 and 132 (c).
1. Issue: The DOE has validated the project expenses of Selling Expenses: 0.25%. However, the DOE has not provided crosscheck of these expenses and the PP/DOE did not submit an IRR spreadsheet. Further information is required on how the DOE has crosschecked the “selling expenses” as per para 129 (b) of VVS and the PP/DOE is required to provide the spreadsheet of the investment analysis as per para 127 of VVS version 09.0 and para 8 of guidelines on the assessment of investment analysis.
2. Issue: According to the IRR calculation document, the electricity will be supplied to EGEMSA, Free Clients and Spot Markets and different energy prices will be applied for each. In addition, it was observed that for the electricity that will be supplied to EGEMSA, the energy price will be zero. However, as per the reference document /77/, a contract between Luz del Sur and EGEMSA for power supply has been issued on 05/09/2013. The DOE shall describe how it has validated the energy price of zero for the electricity that will be sold to EGEMSA based on the signed contract.