18:20 16 Aug 24
Registration Request for Review Form
CDM project activity/programme of activities registration request review form (CDM-REGR-FORM) (Version 03.0) |
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Reference number of the proposed CDM project activity/programme of activities (PoA) submitted for registration | 6107 |
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Title of the proposed CDM project activity/PoA submitted for registration | Eiamrungruang Waste Water Treatment and Biogas Utilization Project |
Please indicate, in accordance with paragraphs 37 and 40 of the CDM modalities and procedures, which validation requirement(s) may require review. A list of requirements is provided below. Please provide reasons in support of the request for review. Including any supporting documentation. | |
The following are requirements derived from paragraph 37 of the CDM modalities and procedures: | |
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The following are requirements derived from paragraph 40 of the CDM modalities and procedures: | |
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Additional information | |
1) The PDD, page 34, states that “the project proponent was aware of problems in accessing finance for the project activity at the time of investment decision.” However, it appears that the project proponent became aware of the “access to finance” barrier in June-August 2008, when “the project proponent applied for a loan from Kasikorn Bank, which after initial discussions and consideration rejected the loan for the biogas plant.” The DOE is requested to further substantiate how it validated that the access to finance barrier is real at the time of investment decision and prevents the implementation of the project activity. Please refer to VVM v 01.2 paragraph 117. 2) The DOE is requested to further clarify how it assessed that the financing of the project was assured only due to the benefit of the CDM, as per guideline 6 of EB 50 Annex 13, considering: a) The validation report, page 31, states that “about 13 % of the total project cost was paid to the manufacturer prior to loan approval […] the upfront payment made by the PP has convinced the bank on the seriousness of the PP towards the project activity and approval of the loan”; and b) The PDD, page 35, states that "the project proponent also obtained a subsidy from the Energy Policy and Planning Office (EPPO), Ministry of Energy in December 2008. The subsidy granted by the government further helped in convincing the banks to approve the loan for the project activity." Please refer to EB 50 Annex 13 paragraph 9. |
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Date | 10 Jul 12 |
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