03:23 01 Sep 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 | 4993 |
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Title of the proposed CDM project activity/PoA submitted for registration | Hydroelectric Project in Kinnaur District in Himachal Pradesh |
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) 1. Page 64 of the VR states that “although the PP had evaluated the project in 2003 and realized the need for CDM benefits, the final investment decision was taken only in October 2005, because several approvals, which were required to go ahead with the project implementation, were not received. In fact, the most important approval, viz., Environment and Forest clearances was received only in November 2005.Hence, the investment decision was taken only when the PP received an indication that Environment and Forest clearance will be accorded shortly as without that approval, the project cannot be implemented ” However according to the information available in the public domain including the Group Company’s website (Jaypee Group), the Environment and Forest clearance was accorded to the project activity in 2002. Please refer to: http://www.constructionupdate.com/News.aspx?nId=GdlmDKFR0sXWCgTPnV+YGg== and http://www.thenewshimachal.com/2011/05/karcham-wangtoo-hydro-project-to-start-operation-from-may-15/. In line with this, the DOE shall further justify the why the “start date” of the project is not considered 9th July 2003 . Please refer to CDM Glossary of terms (p 28) ,VVM version 1.2, paragraph 99.. 2) In line with issue 1, if the DOE considers any change in the start date of the project activity, the DOE shall subsequently validate the prior consideration, real and continuing action . Please refer to paragraph 102 (b), VVM version 1.2.. 3) The DOE is requested to clarify how it validated that the input values used in the Project IRR calculations were valid and applicable at the time of the investment decision given that the input values were sourced from an ICICI bank letter dated 05 January 2009 and the investment decision was taken before, on 26 October 2005. In doing so the DOE shall provide detailed sources (eg: reports/documents/certificates etc) of the input values used in the Project IRR calculation against which the bank provided the financial closure for the project activity on 30thMarch 2006.. Please refer to paragraph 6 of EB 51, Annex 58,paragraph 110 of VVM v01.2. |
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Date | 18 Mar 12 |
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