Biomass Based Cogeneration Project At Nectar Life Sciences Ltd
#173of 352 in Biomass#762of 975 in India#988of 1339 in Verra (VCS)#52of 115 in AMS-I.C
Audit Analysis
A biomass cogeneration avoidance project under VCS with a confirmed investment-test additionality and no material findings, but significantly undermined by seven open corrective actions, a 'Late to verify' registry status, absent safeguards documentation (no FPIC, no grievance mechanism), and a project-specific baseline with no reassessment record. The ERR figures are internally consistent for the latest monitoring period, but the overall data quality and compliance posture are weak.
Red Flags
- Registry status is 'Late to verify', indicating the project is behind its verification schedule
- Seven corrective actions remain open in the 2017 verification report, including missing monitoring data, shutdown details, and documentary evidence for ER calculations
- No FPIC conducted and no grievance mechanism documented in the most recent monitoring report
- Buffer pool percentage not stated and reversal events explicitly 'not addressed' in available documents
- Leakage described as 'quantified' but no specific deduction percentage is provided in any document
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2007 | 11,922 | 11,922 | 0 | |
| 2008 | 40,282 | 40,282 | 0 | |
| 2009 | 51,120 | 51,120 | 0 | |
| 2010 | 56,983 | 56,938 | 45 | |
| 2011 | 55,762 | 55,762 | 0 | |
| 2012 | 57,003 | 57,003 | 0 | |
| 2014 | 45,878 | 45,878 | 0 | |
| 2015 | 53,399 | 53,385 | 14 | |
| 2016 | 30,145 | 25,000 | 5,145 | |
| Total | 402,494 | 397,290 | 5,204 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
Quantified per VVB but no deduction % stated
Project-specific, no reassessment record
No FPIC, no grievance mechanism
CORSIA excluded; CCP status not stated
Where to buy
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