Biomass based power plant in Mahendargarh, Haryana
GS-2036 ↗ · current registry ID: GS7548
#219of 352 in Biomass#853of 975 in India#1545of 1801 in Gold Standard (GS)#518of 806 in AMS-I.D
Audit Analysis
This Gold Standard biomass power plant project in Haryana, India has a VVB-verified investment additionality test and no critical findings, but is undermined by six corrective action requests, a 15-year-old grid emission factor (2009) applied to a 2024 monitoring period, a 0% leakage deduction labelled 'quantified,' and eight cross-document contradictions including a material discrepancy in claimed ERR figures (113,457 vs 250,625). The absence of a buffer pool, unaddressed reversal risk, and CORSIA eligibility without a stated CCP status create meaningful over-crediting and dual-channel exposure.
Red Flags
- Grid emission factor of 0.8401 is from 2009 — 15 years old — yet applied to a 2024 monitoring period, raising serious baseline validity concerns
- Six corrective action requests (CAR 01–06) were raised in the verification report, indicating recurring compliance deficiencies
- Claimed ERR of 113,457 (monitoring report, Nov 2024) contradicts 250,625 (appendix, Jul 2024) — a 121% discrepancy with no verified ERR to adjudicate
- CORSIA-eligible with CCP status not stated, creating dual-channel crediting risk
- No buffer pool and reversal events described as 'not addressed' in the 2024 verification report, leaving permanence risk unmitigated
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 11,026 | 0 | 11,026 | |
| 2020 | 57,896 | 217 | 57,679 | |
| 2021 | 58,120 | 1,162 | 56,958 | |
| 2022 | 44,445 | 888 | 43,557 | |
| Total | 171,487 | 2,267 | 169,220 |
Risk Indicators
VVB-verified investment test
reversal risk unaddressed
0% deduction labelled 'quantified'; prior report said 'not addressed'
Project-specific baseline; grid EF from 2009; method contradicts PDD
FPIC, grievance mechanism, benefit-sharing confirmed in 2024 VR but contradicted in 2020 MR
CORSIA-eligible; CCP status not stated
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