Renewable Wind Power Project by Ratnagiri Wind Power Projects Private Limited
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Host party(ies) India
Methodology(ies) ACM0002 ver. 12
Standardised Baselines N/A
Estimated annual reductions* 109,581
Start date of first crediting period. 01 Mar 12
Length of first crediting period. 10 years
DOE/AE SIRIM
Period for comments 19 Oct 11 - 17 Nov 11
PP(s) for which DOE have a contractual obligation Ratnagiri Wind Power Projects Private Limited
The operational/applicant entity working on this project has decided to make the Project Design Document (PDD) publicly available directly on the UNFCCC CDM website.
PDD PDD (846 KB)
Local stakeholder consultation report: N/A
Impact assessment summary: N/A
Submission of comments to the DOE/AE Compilation of submitted inputs: 
When the project is financed by term loan to the extent of 70%, on what basis the PP has selected equity IRR as financial indicator? Sub-step II(b) of Additionality Tool clearly states, “Identify the financial indicator, such as IRR, NPV, cost benefit ratio, or unit cost of service most suitable for the project type and decision-making context”. How equity IRR conforms to this requirement except that it permits to have a higher benchmark and make the project additional. 

Project cost at Rs.67.64 mn./MW is too high. DOE should check the purchase order and take the cost as per purchase order. A number of projects have been webhosted of late and the cost has been much less 

Why should the PP base O&M cost on MERC order? The quotation should have given this cost also. 

The company does not seem to be claiming accelerated depreciation. In which case the generation based incentive should be taken into account. PP should declare whether REC is being claimed or not. If it is claimed, then besides tax savings due to accelerated depreciation, tax holiday, generation based incentive, REC should also be taken into account in IRR.
Submitted by: Karthikeyan

The comment period is over.
* Emission reductions in metric tonnes of CO2 equivalent per annum that are based on the estimates provided by the project participants in unvalidated PDDs