CDM project activity/programme of activities registration request review form (CDM-REGR-FORM) (Version 03.0)

Reference number of the proposed CDM project activity/programme of activities (PoA) submitted for registration	7822
Title of the proposed CDM project activity/PoA submitted for registration	Bonyic Hydroelectric 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:
The participation requirements as set out in paragraph 28 to 30 of the CDM modalities and procedures are satisfied; Comments by local stakeholders have been invited, a summary of the comments received has been provided, and a report to the designated operational entity (DOE) on how due account was taken of any comments has been received; Project Participants have submitted to the DOE documentation on the analysis of the environmental impacts of the project activity, including transboundary impacts and, if those impacts are considered significant by the project participants or the host Party, have undertaken an environmental impact assessment in accordance with procedures as required by the host Party; The project activity is expected to result in a reduction in anthropogenic emissions by sources of greenhouse gases that are additional to any that would occur in the absence of the proposed project activity, in accordance with paragraphs 43 to 52 of the CDM modalities and procedures; The baseline and monitoring methodologies comply with requirements pertaining to methodologies previously approved by the Executive Board; Provisions for monitoring, verification and reporting are in accordance with decision 17/CP.7, the CDM modalities and procedures and relevant decisions of the COP/MOP; The project activity conforms to all other requirements for CDM project activities in decision 17/CP.7, the CDM modalities and procedures and relevant decisions by the COP/MOP and the Executive Board.
The following are requirements derived from paragraph 40 of the CDM modalities and procedures:
The DOE shall, prior to the submission of the validation report to the Executive Board, have received from the project participants written approval of voluntary participation from the designated national authority of each Party involved, including confirmation by the host Party that the project activity assists it in achieving sustainable development; In accordance with provisions on confidentiality contained in paragraph 27(h) of the CDM modalities and procedures, the DOE shall make publicly available the project design document; The DOE shall receive, within 30 days, comments on the validation requirements from Parties, stakeholders and UNFCCC accredited non-governmental organizations and make them publicly available; After the deadline for receipt of comments, the DOE shall make a determination as to whether, on the basis of the information provided and taking into account the comments received, the project activity should be validated; The DOE shall inform project participants of its determination on the validation of the project activity. Notification to the project participants will include confirmation of validation and the date of submission of the validation report to the Executive Board; The DOE shall submit to the Executive Board, if it determines the proposed project activity to be valid, a request for registration in the form of a validation report including of the project design document, the written approval of the host Party and an explanation of how it has taken due account of comments received.
There are only minor issues which should be addressed by the DOE/project participants prior to the registration of the project.
Additional information
1) The DOE shall further explain how the continuing and real actions taken by the project participant to secure the CDM status for the project activity were validated by means of reliable evidence. In particular, the DOE shall explain how the “Minute of the PP board” dated 04/08/2008 and the “Local stakeholder consultation” dated 11/03/2010 are considered as real actions in line with paragraph 6 (b) of EB 62 Annex 13, considering that without this evidence the time gap between the “Contract with CDM developer” and "Global stakeholder consultation" is more than 2 years. Please refer to EB 62 Annex 13 paragraph 6(b), paragraph 8(b). Please refer to EB 62 Annex 13 paragraph 6(b), paragraph 8(b).. 2) The DOE shall further validate the suitability of the barrier due to project location. In particular, the DOE is requested to further justify: (a) that the barrier is in line with VVM version 01.2 paragraph 116 and guidelines 4 of the "Guidelines for Objective Demonstration and Assessment of Barriers" (EB 50 Annex 13), given that it is not clear whether the additional expenses incurred by the PP (25% of CER revenue in cash paid to the indigenous community) to compensate the local indigenous community could be translated into financial terms and can therefore be assessed with an investment analysis; and (b) how the CDM will help to alleviate the barrier caused by the Naso Teribe community’s internal crisis. In doing so, the DOE shall clearly explain how barrier due to project location would prevent the implementation of the proposed project activity from being carried out if the project activity was not registered as a CDM activity. Please refer to VVM version 01.2 paragraph 116 and EB 50 Annex 13. 3) The DOE shall further explain how it has validated the investment barrier.  In particular, the DOE is requested to further clarify: (i) how the information provided to substantiate the investment barrier complies with Guideline 1 of the "Guidelines for Objective Demonstration and Assessment of Barriers" (EB 50 Annex 13); (ii) whether the claim that the financing of the project was assured only due to the benefit of CDM is substantiated with independent sources of data as required by the VVM version 01.2, paragraph 117, (iii) how the barrier is project-specific given that the limitations for providing the guarantee asked by the banks is related to the PP’s statutory limitations; and (iv) that the investment barrier presented is in line with the additionalitly tool paragraph 51. In doing so, the DOE shall clearly explain how the barrier identified is realistic and credible and how it would prevent the implementation of the proposed project activity from being carried out if the project activity was not registered as a CDM activity. Please refer to VVM version 01.2 paragraph 117 and EB 50 Annex 13.
Date	19 Aug 13