To show savings with a VSD you need to compare it to something otherwise your idea of "savings" are meaningless.
Taking the basic cost of a VSD is only part of the calcualtion to determine a return on your investment (assuming you have answered the first part of my post). You need to take into consideration the following:
1) Purchase cost of VSD
2) Installation costs including labour and additional materials e.g. cabling (shielded from VSD to motor), maybe specific drive enclosure for the environment, EMC filters, maybe harmonic filters or reactors, control strategy (you will need some sort of intelligence to 'tell' the VSD what sort of speed the pump should be running at), plant downtime if the pump is existing etc.
3) If it is an existing pump, then you need to check the motor is suitable for inverter use. If not, then the cost of a suitable motor may be required or some sort of sinewave filter on the output to ensure the PWM waveform is not detrimental to the motor life.
4) I've already mentioned the issue of harmonics but 355kW is quite a large motor/drive. If your power system is not large enough then the harmonic distortion could be an issue. It needs investigating and maybe analysing. .I know some water companies in the UK would demand a 12-pulse configured drive or other similar type to ensure harmonic distortion is kept to a minimum. This is expensive.
All these cost money and need to be included in any calculation you do to determine any potential savings.
But as I say at the start, you will only see 'savings' when you compare it to another method of flow control.