Akbas Hydroelectric Power Plant

Audit Analysis

The Akbas Hydroelectric Power Plant is a small-scale renewable energy project with a solid investment-test additionality assessment confirmed by a reputable VVB and a jurisdictional baseline. However, the project delivered only 39% of its expected generation due to lower-than-estimated rainfall, and several key parameters (FNRB, usage monitoring, grid EF recency) remain unquantified in the available record. Multiple contradictions between the 2013 validation report and the 2022 verification report introduce data-reliability concerns.

Project Description

Red Flags

• ⚠The monitoring report claims 146,697 tCO2 while the verification report only confirms 57,264 tCO2 — a 61% shortfall that, while explained by lower rainfall, indicates the ex-ante generation estimate was significantly optimistic
• ⚠The grid emission factor of 0.5398 tCO2/MWh is from 2010; if Turkey's grid has decarbonised since then, the actual emission reductions may be overstated
• ⚠Baseline method is contradictory: the 2013 validation report describes a 'project' baseline while the 2022 verification report states 'jurisdictional' — the basis of the calculation is unclear
• ⚠FPIC was not conducted and the grievance mechanism and safeguards are only confirmed in the more recent verification report, absent from the original validation

Credit Vintages

No issuances recorded on the registry.