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Project Idea Note Name of Project Date of Submission Project Idea Note or PIN Description of size and quality expected of a PIN Basically a PIN will consist of approximately 5 pages providing indicative information on: the type and size of the project its location the anticipated total amount of Greenhouse Gas (GHG) reduction compared to the “business-as-usual” scenario (which will be elaborated in the baseline later on at Project Design Document [PDD] level) the suggested crediting life time the suggested Certified Emission Reductions (CER) price in US$/ton CO2eq reduced the financial structuring (indicating which parties are expected to provide the project’s financing) the project’s other socio-economic or environmental effects/benefits While every effort should be made to provide as complete and extensive information as possible, it is recognised that full information on every item listed in the template will not be available at all times for every project. Project Idea Note Name of Project Date of Submission PROJ ECT IDEA NOTE A. Project description, type, location and schedule Name of Project:_Tanay open dumpsite remediation and development project Technical summary of the project Date submitted:_____________ Objective of the project Demonstrate the environmental and social benefits of methane gas extraction and utilization through: Installation of appropriate collection system Design of appropriate pilot power plant Help promote safer dumpsites after closure Develop know-how and expertise in gas extraction Project description and proposed activities (including a technical description of the The project involves the installation of gas pipes to capture project) methane in an existing 1.2 has. open dumpsite with a total volume of 375,000 tons of mixed solid waste. A combination of horizontal and/or vertical wells, which ever is more feasible, will be excavated/drilled to collect methane gas. A compressor will be used to pump the gas to a series of surface pipes that would collect the gas to be fed to the engine that would produce power. Technology to be employed Gas extraction using perforated pipes and gas pumps Project Idea Note Name of Project Date of Submission Project developer Name of the project developer Municipality of Tanay Organizational category Local government unit Other function(s) of the project developer in the project Implementor/regulator Summary of the relevant experience of the project Operated an open dumpsite which is the subject of remediation. developer Currently operating a controlled dumpsite in compliance with RA 9003. Address Tanay Rizal Contact person Mayor Tom Tanjuatco Telephone / fax 654-1002 E-mail and web address, if any Tanayplanning@hotmail.com Project sponsors (List and provide the following information for all project sponsors) Name of the project sponsor Municipality of Tanay Organizational category LGU Address (include web address, if Tanay Rizal any) Main activities Administer municipal waste management program Summary of the financials P$…. Project Idea Note Name of Project Date of Submission . Type of the project Greenhouse gases targeted Methane Type of activities Methane capture Field of activities Solid waste management and power generation a. Energy supply Methane gas recovery b. Energy demand Provision of methane gas for power generation c. Transport Not applicable d. Waste management GHG mitigation e. Land Use Change and Forestry na Project Idea Note Name of Project Date of Submission Location of the project Region Southeast Asia Country ROP City Municipality of Tanay Brief description of the location of No more than 3 - 5 lines the plant Tanay is 54 km away from Manila. The project site is at Barangay Tandang Kutyo Expected schedule Earliest project start date 2005 Estimate of time required before becoming operational after approval of the PIN 2nd Q 2005 Expected first year of CER delivery 2006 Project lifetime 10 years Current status or phase of the project PIN preparation Current status of the acceptance of the Host Country For submission to IACCC Project Idea Note Name of Project Date of Submission The position of the Host Country with regard to the Signed and ratified the Kyoto Protocol Kyoto Protocol B. Expected environmental and social benefits Estimate of Greenhouse Gases abated / CO2 Sequestered (in 483,525 tonnes C02-e metric tons of CO2-equivalent) Baseline scenario Existing operation: Open dumpsite is closed. Methane is escaping into the atmosphere. Compost Center is using grid power. Upon project implementation: GHG will be collected to produce electricity for the Compost Center. Specific global & local Reduction of GHG environmental benefits Prevention of sub-surface migration of gas and spontaneous combustion Displacement of grid electricity Which guidelines will be applied? IPCC Local benefits Reduced cost for electricity Reduction of foul odor Greenhouse gas benefit thru the displacement of methane gas Project Idea Note Name of Project Date of Submission Host municipality to participate in a CDM project and learn from the methane mitigation process Global benefits GHG emission reduction Socio-economic aspects On-site employment What social and economic effects Improved health and safety conditions for the local community can be attributed to the project and which would not have occurred in a comparable situation without that project? Which guidelines will be applied? IPCC What are the possible direct Employment effects (e.g., employment Savings in foreign currency creation, capital required, foreign exchange effects)? What are the possible other effects? For example: Training for host municipality on CDM project training/education associated with the introduction of new Replicability of the project in other municipalities processes, technologies and products and/or the effects of a project on other industries Environmental strategy/ priorities of the Host Country RA 9003 Clean Air Act Use of alternative source of energy C. Finance Total project cost estimate Development costs $ 11,000 Installed costs $ 100,000 Other costs $ 3,000 Total project costs $ 114,000 Sources of finance to be sought or already identified Equity $ 28,500 Debt – Long-term $ 85,500 Debt - Short term Project Idea Note Name of Project Date of Submission Not identified CDM contribution sought $ 241,000/annum CDM contribution in advance payments. (The quantum of upfront payment will depend on the assessed risk of the project by the World Bank, and will not exceed 25% of the total ER value purchased by the World Bank for the project. Any upfront payment will be discounted by a factor considered appropriate by the World Bank for the project.) Sources of carbon finance Japan Carbon Fund Indicative CER Price (subject $5.00/ton CO2-e to negotiation and financial due diligence) Total Emission Reduction Purchase Agreement (ERPA) Value A period until 2012 (end of the $ 1,928,000 first budget period) A period of 10 years $ 2,410,000 A period of 7 years $ 1,687,000 A period of 14 years (2 * 7 years) $ 3,374,000 If financial analysis is available for the proposed CDM activity, provide the forecast financial internal rate of return for the project with and without the CER revenues. Provide the financial rate of return at the expected CER price above and US$3/ tCO2e. DO NOT assume any up- front payment from the PCF in the financial analysis that includes PCF revenue stream. Please provide a spreadsheet to support these calculations.
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