Bundled Microhydel Projects (3.115 MW) in Uttaranchal, India
Audit Analysis
A CDM microhydel project in remote Uttarakhal replacing kerosene with small-scale hydro, validated by DNV with a solid combined additionality test (IRR 7.59% below the 10.25% benchmark). However, the project record contains only validation-stage documents with no monitoring or verification reports, and a ten-fold discrepancy in the claimed emission reduction figure between the PDD and the validation report raises serious data-reliability concerns. The project is past its 2020 crediting period with no post-validation evidence of actual delivery.
Red Flags
- Ten-fold discrepancy in total claimed emissions reductions: the PDD (July 2010) states 86,680 tCO₂e while the DNV validation report (June 2010) states 8,668 tCO₂e — a factor-of-ten gap that is unexplained in the available documents
- No monitoring reports or verification reports exist in the extracted record; the project's 10-year crediting period (2010–2020) has ended with zero post-validation performance data
- Crediting period dates conflict between the validation report (2010-09-01 to 2020-09-01) and a financial document (2009-09-01 to 2019-08-31), creating ambiguity about the actual project timeline
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed combined test, IRR below benchmark
No reversal risk inherent, but no monitoring data to confirm
0% deemed negligible, appropriate for kerosene substitution
Project-specific (kerosene), no reassessment data, ERR discr
Safeguards mentioned, benefit sharing described, but no FPIC
CORSIA and CCP status not stated in available documents
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