14.4 MW Grid Connected Wind Power Project of Vaibhavlaxmi Clean Energy in Madhya Pradesh and Tamil Nadu, India
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Host party(ies) India
Methodology(ies) AMS-I.D. ver. 17
Standardised Baselines N/A
Estimated annual reductions* 28,536
Start date of first crediting period. 01 Jun 12
Length of first crediting period. 10 years
DOE/AE SGS-UKL
Period for comments 10 Nov 11 - 09 Dec 11
PP(s) for which DOE have a contractual obligation Vaibhavlaxmi Clean Energy LLP
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 (904 KB)
Local stakeholder consultation report: N/A
Impact assessment summary: N/A
Submission of comments to the DOE/AE Compilation of submitted inputs: 
1. Financial parameters do not specify the loan component, interest thereon. 

2. In the absence of loan details in PDD, the suitability of benchmark to the project is not clear.
2. What is the rate of depreciation under Income tax act used for IRR workings? 
3. IRR with CDM is not benefits is not given. If the IRR with CDM benefits is not equal to or do not exceed the benchmark of 17%, the project is not additional.
Submitted by: S B 
DOE to check whether tax holiday is corrected applied in the financial calculations i.e. 10 years strict tax holiday and not payment of any type of tax whatsoever. 

DOE to check whether the tax benefits (tax shielding) is correctly applied. Also, for tax shielding the corporate tax should be applied.

In case MAT is also applied, DOE to check the correctness of MAT calculations. Also, check whether MAT credit is considered correctly.

The project cost should be compared with that indicated in the applicable tariff order available at the time of investment decision making. 

The technology supplier can charge a premium price for the WTGs so that the project becomes additional for CDM benefits.

Cross check the equity returns with that given by the market indices in the host country.
Submitted by: Babloo

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