Chapter 3 Technical Appraisal Appraisal of Project ‘At the outset it may be clarified thatthe terms evaluation, appraisal issue and public financial institutions who may lend money. ‘Evaluation of industiat projects is undestaken to compare and impor. Project evaluation is indispensable because and alemative opportunities in terms of projects project appraisal is 10 ensure that whe project Provides reasonsble financial rerum and con! economi policy of thé county. Objectives “Technical appraisal is primarily concemed withthe project concept ‘covering technology, design, scope and content of the plavt as well as Technical Appraisal o inputs and infrastructure facilites envisaged for the project. Basically, the project should be able to deliver marketable product from the bearing on the financial viability of the project as reflected by iss aility tocam satisfactory retum on the investment made and to service equity sand debt. ‘important aspects such as plant tion, facilities for by-product recovery and Accurate assessment of plant capacity on a Compe toa producin Just caustic soda. Flexibility of Plant and Flexible Mamufacturing Systems White assessing.a project, flexibility ofthe plant should be allowed ‘nthe design of individual pieces of equipment. Flexible manufacturing