10MW Waste Heat Recovery based Captive Power Project at Vikash Metal and Power Limited

Audit Analysis

A 2007 CDM waste-heat-recovery captive power project in India with VVB-confirmed additionality (combined test by SGS UK) and a standard ACM0004 methodology, but hampered by three inter-document contradictions (ERR basis, baseline method, leakage justification), a 0% leakage deduction with only a 'deemed negligible' rationale, and very limited post-validation monitoring or verification data. The project is an energy-efficiency type with inherently low permanence risk, yet the data gaps and low extraction confidence prevent a higher confidence assessment.

Project Description

Red Flags

• ⚠Three contradictions across documents: ERR figure (385,917 in PDD vs ~55,132 in appendix), baseline method ('project' in validation report vs 'jurisdictional' in PDD), and leakage justification ('deemed negligible' in validation report vs 'quantified' in appendix)
• ⚠No verified emissions reduction data found in any available document; total ERR verified is absent from the extracted record
• ⚠Eleven material findings raised at validation (missing approval letter, unclear project boundary, missing calculation sheets, unclear additionality discussion, missing stakeholder consultation proof, etc.), all subsequently closed but indicating a weak initial submission
• ⚠Low extraction confidence across the document set, meaning at least one key document was poorly readable and data completeness cannot be fully confirmed

Credit Vintages

No issuances recorded on the registry.