Baner Sangam small hydro power project

Audit Analysis

The Baner Sangam small hydro project has VVB-confirmed additionality via an investment test and documented safeguards (FPIC, grievance mechanism, benefit sharing), but suffers from significant data gaps: no verified ERR figure, a 2.86× discrepancy between the PDD and monitoring report on claimed reductions, an unaddressed leakage justification, and an extensive list of corrective actions for missing supporting documents. The project's physical-infrastructure nature lowers inherent permanence risk, yet the absence of a buffer pool and the unresolved contradictions between documents undermine confidence in the credit quantity.

Project Description

Red Flags

• ⚠No verified ERR figure exists in the extracted record; the monitoring report claims 59,658 tCO₂e but this has not been independently confirmed against the PDD ex-ante estimate of 20,795 tCO₂e, a 2.86× gap that cannot be reconciled without a verified figure.
• ⚠Leakage deduction is 0% with the justification recorded as 'not addressed' in the verification report, while the PDD states 'deemed negligible' — the contradiction is unresolved and no quantitative leakage analysis is present.
• ⚠Baseline method is recorded as 'project-specific' in the verification report but 'jurisdictional' in the monitoring report (both dated 2022-07-26), creating ambiguity about which baseline underpins the credit calculation.
• ⚠The grid emission factor of 0.9032 tCO₂/MWh is from 2011; no updated or reassessed value is found in the available documents.
• ⚠Twenty-two corrective action items were raised in the verification report, including missing PPA, commissioning certificates, ODA declaration, DPR, ER sheet, and multiple safeguarding and SDG supporting documents.

Credit Vintages

No issuances recorded on the registry.