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Calibration regarding project assessment requirements - RIT Perspectives Vinay Deodhar, RIT

Calibration regarding project assessment requirements - RIT Perspectives Vinay Deodhar, RIT. Module 2.1 7 th JCW Bonn, 12-13 March 2011. New Workflow. Just one opportunity to the PP/DOE and they have to get it right, else face rejection

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Calibration regarding project assessment requirements - RIT Perspectives Vinay Deodhar, RIT

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  1. Calibration regarding project assessment requirements - RIT Perspectives Vinay Deodhar, RIT Module 2.1 7th JCW Bonn, 12-13 March 2011

  2. New Workflow • Just one opportunity to the PP/DOE and they have to get it right, else face rejection • Of course more time given for preparing the appropriate response • More balanced and fare process, with two “teams” conducting the review • EB role graduated to a higher level of judging in case of differing reviews • Reasoning of decision to reject has to be given • Problems with bordering cases, i.e. where the project can be registered or issuance can be agreed with minor revisions – even such cases decision has to be rejection!

  3. Major issues continue to be same.. • Investment analysis • Input values not explained and properly validated. Critical ones being tariff, PLF, investments • WACC determination • Prior consideration of CDM in the investment decision • Barrier analysis • Applicability of the baseline methodology • Project implementation as per the design in registered PDD

  4. Investment analysis • Main issue is validation of the input values of main parameters.VVM mandates independent validation of critical parameters like • Plant load factor (EB guidance regarding this not referred to) • Tariff (EB decision for highest tariff in provinces in China also needs to be considered) • Costs of the capital equipment • Coefficient of effective electricity

  5. Barrier analysis • Barriers not validated appropriately • EB guidance on objective validation of presence of barriers • Latest EB decisions regarding policy changes not applied correctly

  6. Project implementation • Many times verification of project implementation as per PDD is not adequate • Not clear whether DOE verified whether the values of critical parameters at the time of PDD preparation remain valid • Guidance on type of changes not clearly adhered

  7. Suggestions • RIT is a resource of international experts from all over the world available to the EB on tap and should be utilized effectively, judiciously but extensively • Specialization among RIT members regarding project types and countries • Inputs from RIT in small group for rule changes alongside public commenting process • Meetings of RIT members should be convened at least once in six months in conjunction with the EB meetings

  8. Thank you on behalf of your RIT!

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