6.5 MW Cogeneration Project In Akbarpur, Punjab

Audit Analysis

A 6.5 MW rice-husk cogeneration project in Punjab, India, with a solid investment-test additionality assessment and jurisdictional baseline, but undermined by a large set of corrective actions (18 items), a 0% leakage deduction with no substantive justification in the most recent verification, and a significant discrepancy between two 2021 verification reports on verified emissions reductions (53,803 vs 193,456 tCO₂e). The project is not CORSIA-eligible, which limits dual-channel risk, but the overall MRV and documentation quality is below standard.

Project Description

Red Flags

• ⚠Two verification reports from 2021 report materially different verified ER figures (53,803 tCO₂e in Sept 2021 vs 193,456 tCO₂e in April 2021), creating uncertainty about the correct credit volume
• ⚠Leakage deduction is 0% and the 2021 verification report states the issue was 'not addressed', a regression from the 2013 report which at least deemed it negligible
• ⚠18 corrective actions were raised by the VVB, including missing calibration records, missing breakdown logs, missing NCV data, and missing double-counting declarations, indicating systemic MRV gaps
• ⚠FPIC was not conducted and the grievance mechanism was absent in the 2013 verification, only appearing in the 2021 report

Credit Vintages