Baños V Hydroelectric Power Plant (BVHPPP)

Audit Analysis

The Baños V Hydroelectric Power Plant is a CDM-registered hydro project in Peru with VVB-confirmed additionality via an investment test, but the project-specific baseline carries a documented contradiction with the PDD, and a 15% discrepancy in the grid emission factor between the validation report and an appendix raises data-reliability concerns. Multiple material findings at validation required corrections to the PDD, and the low extraction confidence across seven source documents limits the depth of verification possible. For a renewable-generation project, inherent permanence and leakage risks are minimal, but the baseline and additionality evidence are weaker than ideal.

Project Description

Red Flags

• ⚠Grid emission factor discrepancy of ~15% between the validation report (0.61291) and a 2010 appendix (0.7035), with no reconciliation documented
• ⚠Baseline method contradiction: validation report states 'project' while the PDD states 'jurisdictional', leaving the actual baseline approach ambiguous
• ⚠Additionality rests solely on an investment test after technological and prevailing-practice barriers were eliminated from the analysis
• ⚠Seven material findings at validation, including a missing Letter of Approval and errors in the IRR spreadsheet, indicate the PDD required substantial correction before approval
• ⚠No verified ERR figure was found in any available document, preventing cross-checking of the 355,899 tCO₂e lifetime claim

Credit Vintages

No issuances recorded on the registry.