Biomass based Co-generation project by Sterling Agro Industries Ltd
#8of 352 in Biomass#107of 975 in India#122of 1459 in CDM (UNFCCC)#1of 115 in AMS-I.C
Audit Analysis
A CDM biomass co-generation project in India with VVB-confirmed additionality and a thorough verification process (7 CARs raised and closed), but limited by a project-specific baseline, a 0% leakage deduction whose justification is inconsistent between the validation and monitoring reports, and several monitoring parameters (FNRB method, usage monitoring) not stated in the extracted record. The verified ER exceeding the claimed ER is a positive integrity signal, though a discrepancy between two monitoring reports on the claimed figure warrants caution.
Red Flags
- Leakage justification contradicts between the validation report (2011, 'quantified') and the monitoring report (2021, 'deemed negligible'), yet the deduction remains 0% with no quantified figure in the operational record
- Two monitoring reports give different claimed ER figures (54,579 in the February 2020 report vs 43,760 in the September 2021 report) for what appears to be the same or overlapping period, creating uncertainty about the correct baseline for the monitoring period
- Grid emission factor is from 2009 and no baseline reassessment date is recorded; while CDM rules govern reassessment timing, the absence of any stated reassessment date is a documentation gap
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 50,949 | 0 | 50,949 | |
| 2014 | 51,017 | 0 | 51,017 | |
| 2015 | 52,783 | 0 | 52,783 | |
| 2016 | 45,521 | 0 | 45,521 | |
| 2017 | 45,243 | 0 | 45,243 | |
| 2018 | 45,354 | 0 | 45,354 | |
| 2019 | 48,042 | 0 | 48,042 | |
| 2020 | 54,579 | 0 | 54,579 | |
| Total | 393,488 | 0 | 393,488 |
Risk Indicators
VVB-confirmed investment test
No explicit permanence mechanism; energy-substitution projec
0% deduction; justification inconsistent between validation
Project-specific baseline; no reassessment date recorded
Safeguards and benefit sharing mentioned; FPIC and grievance
CORSIA and CCP status not stated; CDM project, dual-channel
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