03:25 10 Mar 22
Info Report Check
Submission incomplete:
1: The DOE is requested to describe the steps taken to assess the equations applied to calculate the baseline/ project emissions, leakage and emission reductions as per the chosen methodology as per VVM v1.2 paragraph 92.
The methodology defines the values of parameter EGx (Quantity of electricity supplied by the project power unit(s) with three years operational history and no retrofit in this period, to the electricity grid in year x), FCi,x (Quantity of fuel type i used by the project power unit(s) in year x), HMRx (Average number of hours during which the plant did not operate due to maintenance or repair in year x), and NCVi,x (Net calorific value of the fuel type i used by the project power unit(s) in year x) as values during the three years operational history. The methodology defines the operational history as a period of time immediately prior to the implementation of the project activity or prior to the submission of the Project Design Document (CDM-PDD) for validation, whatever is earlier. The DOE is requested to explain how the use of data 2008-2010 meets the requirement of the methodology.
2: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
It is not clear whether the actual interest payable has been taken into account in the calculation of income tax (EB62 Annex 5 para 11).
3: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
The financial analysis is carried out considering the inflation (real term). However, the validation report page 33 the DOE states that "It was validated that the PP uses an after tax nominal benchmark rate..". The DOE needs to further explain how the benchmark has been appropriate.
4: The DOE is requested to provide information on how it has assessed the credibility of the barrier analysis as per VVM v 1.2 paragraph 118.
The VR page 36 states that the policy changes after 2001 in the electrical sector lead to the almost total absence of new private investments. The DOE needs to further substantiate how the barriers are real and prevent the implementation of the alternatives, as the policy changes do not lead to total absence of new investments.
1: The DOE is requested to describe the steps taken to assess the equations applied to calculate the baseline/ project emissions, leakage and emission reductions as per the chosen methodology as per VVM v1.2 paragraph 92.
The methodology defines the values of parameter EGx (Quantity of electricity supplied by the project power unit(s) with three years operational history and no retrofit in this period, to the electricity grid in year x), FCi,x (Quantity of fuel type i used by the project power unit(s) in year x), HMRx (Average number of hours during which the plant did not operate due to maintenance or repair in year x), and NCVi,x (Net calorific value of the fuel type i used by the project power unit(s) in year x) as values during the three years operational history. The methodology defines the operational history as a period of time immediately prior to the implementation of the project activity or prior to the submission of the Project Design Document (CDM-PDD) for validation, whatever is earlier. The DOE is requested to explain how the use of data 2008-2010 meets the requirement of the methodology.
2: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
It is not clear whether the actual interest payable has been taken into account in the calculation of income tax (EB62 Annex 5 para 11).
3: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
The financial analysis is carried out considering the inflation (real term). However, the validation report page 33 the DOE states that "It was validated that the PP uses an after tax nominal benchmark rate..". The DOE needs to further explain how the benchmark has been appropriate.
4: The DOE is requested to provide information on how it has assessed the credibility of the barrier analysis as per VVM v 1.2 paragraph 118.
The VR page 36 states that the policy changes after 2001 in the electrical sector lead to the almost total absence of new private investments. The DOE needs to further substantiate how the barriers are real and prevent the implementation of the alternatives, as the policy changes do not lead to total absence of new investments.
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