analysis is carried out by the project’s promoter according to requirements of the PCI process Project of Common Interest (PCI) a project which meets the general and at least one of the specific criteria defined in Art. 4 of the Regulation and has been granted the label of PCI project according to the provisions of the Regulation Network model means an analytical tool for the assessment of the European gas infrastructure along multiple criteria as developed, operated and managed by ENTSOG and used for the production of ENTSOG reports and analysis according to Regulation (EC) 715/2009 or Regulation (EU) 10/994 Stakeholders parties and authorities directly or indirectly affected by the PCI process Investment Decision (FID) means the decision taken at the level of an undertaking to definitively earmark funds towards the investment phase of a project, the investment phase meaning the phase during which construction or decommissioning takes place and capital costs are incurred. The investment phase excludes the planning phase, during which project implementation is prepared and which includes, where appropriate, a feasibility assessment, preparatory and technical studies, obtaining licences and authorisations and incurring capital costs (definition taken from Council Regulation (EU) 617/2010 concerning the notification to the Commission of investment projects in energy infrastructure within the European) Externality means a non-market impact that does not occur in the transactions between the producer and the direct users/beneficiaries of the project services but falls on uncompensated third parties. Externality is thus any cost or benefit that spills over from the project towards other parties without monetary compensation Differential approach the analysis of differences in the costs and benefits between cases with the project and cases without the project (Business-As-Usual; BAU) considered in the option analysis Investment costs (CAPEX) means all those costs that are incurred in view of the effects that will accrue beyond the financial period in which the relative disbursements were made. Operating (OPEX) means all those costs that are incurred after the commissioning of an asset and which are not of an investment nature, such as: direct production/operating costs, administrative and general expenditures, sales and distribution expenditures, etc. Financial analysis means the analysis using the cash flow forecasts to calculate net return indicators especially the Financial Net Present and Financial Internal rate of return
analysis is carried out by the project’s promoter according to requirements of the PCI process Project of Common Interest (PCI) a project which meets the general and at least one of the specific criteria defined in Art. 4 of the Regulation and has been granted the label of PCI project according to the provisions of the Regulation Network model means an analytical tool for the assessment of the European gas infrastructure along multiple criteria as developed, operated and managed by ENTSOG and used for the production of ENTSOG reports and analysis according to Regulation (EC) 715/2009 or Regulation (EU) 10/994 Stakeholders parties and authorities directly or indirectly affected by the PCI process Investment Decision (FID) means the decision taken at the level of an undertaking to definitively earmark funds towards the investment phase of a project, the investment phase meaning the phase during which construction or decommissioning takes place and capital costs are incurred. The investment phase excludes the planning phase, during which project implementation is prepared and which includes, where appropriate, a feasibility assessment, preparatory and technical studies, obtaining licences and authorisations and incurring capital costs (definition taken from Council Regulation (EU) 617/2010 concerning the notification to the Commission of investment projects in energy infrastructure within the European) Externality means a non-market impact that does not occur in the transactions between the producer and the direct users/beneficiaries of the project services but falls on uncompensated third parties. Externality is thus any cost or benefit that spills over from the project towards other parties without monetary compensation Differential approach the analysis of differences in the costs and benefits between cases with the project and cases without the project (Business-As-Usual; BAU) considered in the option analysis Investment costs (CAPEX) means all those costs that are incurred in view of the effects that will accrue beyond the financial period in which the relative disbursements were made. Operating (OPEX) means all those costs that are incurred after the commissioning of an asset and which are not of an investment nature, such as: direct production/operating costs, administrative and general expenditures, sales and distribution expenditures, etc. Financial analysis means the analysis using the cash flow forecasts to calculate net return indicators especially the Financial Net Present and Financial Internal rate of return