diff --git a/tests/CashFlow_test_NPV_delayed_construction.xml b/tests/CashFlow_test_NPV_delayed_construction.xml
new file mode 100644
index 000000000..e80f583f9
--- /dev/null
+++ b/tests/CashFlow_test_NPV_delayed_construction.xml
@@ -0,0 +1,77 @@
+<Simulation verbosity="debug">
+  <TestInfo>
+    <name>CashFlow_test_delayed_contruction_time</name>
+    <author>A. Alfonsi</author>
+    <created>2023-10-10</created>
+    <description>
+      This test tests the possibility to allow for CAPEX construction times spanning on multiple years (not only in the first one).
+      
+    </description>
+    <classesTested>Models.ExternalModel.TEAL</classesTested>
+    <revisions>
+      <revision author="alfoa" date="2023-10-10">Addressed issue #17</revision>
+    </revisions>
+  </TestInfo>
+
+  <RunInfo>
+    <WorkingDir>.</WorkingDir>
+    <Sequence>MCrun,printTOfile</Sequence>
+  </RunInfo>
+
+  <VariableGroups>
+    <Group name="GRO_CashFlow_in">BOP_capacity, BOP_TOT_revenueEL, IP_capacity, IP_TOT_revenueBY, Multiplier</Group>
+    <Group name="GRO_CashFlow_out">NPV</Group>
+  </VariableGroups>
+
+  <Models>
+    <ExternalModel name="Cash_Flow" subType="TEAL.CashFlow">
+      <variables> GRO_CashFlow_in, GRO_CashFlow_out</variables>
+      <ExternalXML node="Economics" xmlToLoad="Cash_Flow_input_NPV_delayed_construction.xml"/>
+    </ExternalModel>
+  </Models>
+
+  <Samplers>
+    <MonteCarlo name="test_MC">
+      <samplerInit>
+        <limit>1</limit>
+      </samplerInit>
+      <constant name="BOP_capacity">300.0E6</constant>
+      <constant name="BOP_TOT_revenueEL">350.0E6</constant>
+      <constant name="IP_capacity">51.0E6</constant>
+      <constant name="IP_TOT_revenueBY">31.5E6</constant>
+      <constant name="Multiplier">1.0</constant>
+    </MonteCarlo>
+  </Samplers>
+
+  <DataObjects>
+    <PointSet name="SET_CashFlow_in">
+      <Input>GRO_CashFlow_in</Input>
+      <Output>OutputPlaceHolder</Output>
+    </PointSet>
+    <PointSet name="SET_CashFlow_out">
+      <Input>GRO_CashFlow_in</Input>
+      <Output>GRO_CashFlow_out</Output>
+    </PointSet>
+  </DataObjects>
+
+  <Steps>
+    <MultiRun name="MCrun" pauseAtEnd="True">
+      <Input          class="DataObjects"   type="PointSet">SET_CashFlow_in</Input>
+      <Model          class="Models"        type="ExternalModel">Cash_Flow</Model>
+      <Sampler        class="Samplers"      type="MonteCarlo">test_MC</Sampler>
+      <Output         class="DataObjects"   type="PointSet">SET_CashFlow_out</Output>
+    </MultiRun>
+    <IOStep name="printTOfile">
+     <Input          class="DataObjects"   type="PointSet">SET_CashFlow_out</Input>
+     <Output         class="OutStreams"    type="Print">dumpNPVDelay</Output>
+    </IOStep>
+  </Steps>
+
+  <OutStreams>
+    <Print name="dumpNPVDelay">
+      <type>csv</type>
+      <source>SET_CashFlow_out</source>
+      <what>input,output</what>
+    </Print>
+  </OutStreams>
+</Simulation>
diff --git a/tests/Cash_Flow_input_NPV_delayed_construction.xml b/tests/Cash_Flow_input_NPV_delayed_construction.xml
new file mode 100644
index 000000000..d03a79b5f
--- /dev/null
+++ b/tests/Cash_Flow_input_NPV_delayed_construction.xml
@@ -0,0 +1,56 @@
+<Economics verbosity="0"> <!-- "0" all debug output, "1" some output, "100" only errors  -->
+  <Global>
+    <DiscountRate>0.05</DiscountRate> <!-- %/100 -->
+    <tax>0.392</tax> <!-- %/100 -->
+    <inflation>0.04</inflation> <!-- %/100 -->
+    <Indicator name='NPV' target='0'>
+      BOP|CA
+      BOP|RE
+      IP|CA
+      IP|RE
+    </Indicator>
+  </Global>
+
+  <Component name="BOP">
+    <Life_time>15</Life_time>   <!-- years -->
+    <CashFlows>
+      <!-- Capital Cost -->
+      <!-- alpha in $ for the <reference> MW plant -->
+      <Capex name="CA" tax="false" inflation="none" mult_target="false" multiply="Multiplier">
+        <driver>BOP_capacity</driver>
+        <alpha>-4510000000 -4510000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0</alpha>
+        <reference>1100000000</reference>
+        <X>0.64</X>
+        <depreciation scheme='custom'>5. 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91</depreciation>
+      </Capex>
+
+      <!-- Electric Revenue -->
+      <!-- alpha is 1.0 -->
+      <Recurring name="RE" tax="true" inflation="none" mult_target="true">
+        <driver>BOP_TOT_revenueEL</driver>
+        <alpha>1.0</alpha>
+      </Recurring>
+    </CashFlows>
+  </Component>
+
+  <Component name="IP">
+    <Life_time>15</Life_time>   <!-- years -->
+    <CashFlows>
+      <!-- Capital Cost -->
+      <!-- alpha in $ for the <reference> MW plant, i.e. $/W(th)h -->
+      <Capex name="CA" tax="false" inflation="none" mult_target="false">
+        <alpha>-153000000</alpha>
+        <driver>IP_capacity</driver>
+        <reference>231000000</reference>
+        <X>1.0</X>
+      </Capex>
+
+      <!-- Non electric Revenue -->
+      <!-- alpha is 1.0  -->
+      <Recurring name="RE" tax="true" inflation="none" mult_target="true">
+        <driver>IP_TOT_revenueBY</driver>
+        <alpha>1.0</alpha>
+      </Recurring>
+    </CashFlows>
+  </Component>
+</Economics>
diff --git a/tests/gold/dumpNPVDelay.csv b/tests/gold/dumpNPVDelay.csv
new file mode 100644
index 000000000..1ddc59bc3
--- /dev/null
+++ b/tests/gold/dumpNPVDelay.csv
@@ -0,0 +1,2 @@
+BOP_capacity,BOP_TOT_revenueEL,IP_capacity,IP_TOT_revenueBY,Multiplier,NPV
+300000000.0,350000000.0,51000000.0,31500000.0,1.0,-1049009630.29
diff --git a/tests/tests b/tests/tests
index c97470450..55f55e3a5 100644
--- a/tests/tests
+++ b/tests/tests
@@ -115,4 +115,12 @@
   rel_err = 0.001
  [../]
 
+ [./CashFlow_test_delayed_contruction_time]
+  type = 'RavenFramework'
+  input = 'CashFlow_test_NPV_delayed_construction.xml'
+  UnorderedCsv = 'dumpNPVDelay.csv'
+  max_time = 500
+  rel_err = 0.001
+ [../]
+
 []