It is tacitly assumed that the efficiency is related to 60HZ and 415V. The approximation for I2 is very approximate. The lower frequency is, the lower losses are (Eddy Currents, and Steinmetz Law (Fink D.G. and Beaty W.H. "Standard Handbook for Electrical Engineers," 14th Ed., McGraw-Hill Book Co., pp 2-46 and 2-47).