3 MW Hydro Power Project by Oreva Energy Pvt. Ltd

Audit Analysis

A 3 MW CDM small-hydro project in India with a confirmed investment-test additionality assessment and a named VVB, but undermined by significant contradictions in ERR figures and baseline methodology across documents. The absence of a buffer pool, a 0% leakage deduction justified only as 'deemed negligible,' and unresolved discrepancies between the PDD, monitoring report, and validation reports create meaningful over-crediting and data-reliability risk.

Project Description

Red Flags

• ⚠ERR figures are materially inconsistent across documents: the PDD (2016) claims 13,515 tCO₂e over the full crediting period while the monitoring report (2014) claims 26,492 tCO₂e for the same period, and the 2016 validation report verifies 31,032 tCO₂e — a pro-rata ratio of roughly 9× the PDD expectation for the elapsed monitoring window, raising serious over-crediting concerns.
• ⚠Baseline methodology is contradictory: the monitoring report (2014) describes a jurisdictional baseline while the 2016 validation report describes a project-specific baseline, leaving the actual baseline construction ambiguous.
• ⚠No buffer pool or permanence mechanism is documented for a project whose crediting period runs to 2022, and no reversal events are confirmed absent.
• ⚠Five Corrective Action Requests during verification (corrections to calorific value, diesel emission factor, data sources, calibration frequency, and PLF) indicate the initial monitoring plan contained material errors.

Credit Vintages