23:30 11 Jul 26
Info Report Check
Submission incomplete:
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).
The DOE should clarify in the VR whether the appropriate financial indicator used to demonstrate additionality is the IRR or the NPV, as both are referred in several sections of the VR. The DOE states in page 54 that "Project IRR was identified as the financial/economic indicator which is suitable for the project type and decision context". It is also mentioned in page 112, 113 & 138 of the VR that the IRR is below the benchmark. This is neither consistent with the investment analysis nor with the statement in page 40 of the VR, where the DOE states that the NPV waas applied as an appropriate approach according to the EB62, Annex 5.
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).
The DOE should clarify in the VR whether the appropriate financial indicator used to demonstrate additionality is the IRR or the NPV, as both are referred in several sections of the VR. The DOE states in page 54 that "Project IRR was identified as the financial/economic indicator which is suitable for the project type and decision context". It is also mentioned in page 112, 113 & 138 of the VR that the IRR is below the benchmark. This is neither consistent with the investment analysis nor with the statement in page 40 of the VR, where the DOE states that the NPV waas applied as an appropriate approach according to the EB62, Annex 5.
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