Bundled Renewable Power Project by EKI Energy Services Limited (EKIESL-CDM.February-15-04)

Audit Analysis

A bundled renewable energy project in India with a sound fundamental design (VVB-confirmed investment additionality test, jurisdictional baseline, appropriate AMS-I.D methodology), but undermined by 12 material findings in the monitoring report including missing Host Country Approval, missing Modalities of Communication, and absent additionality input parameters. A significant discrepancy between the validation report's 14,997 tCO₂e and the monitoring report's 47,974 tCO₂e raises questions about the reliability of the claimed reductions.

Project Description

Red Flags

• ⚠12 material findings (CARs) in the 2022 monitoring report, including missing Host Country Approval letter, missing Modalities of Communication statement, and missing additionality input parameters and IRR sheets
• ⚠ERR discrepancy: validation report (2017) states 14,997 tCO₂e while the monitoring report (2022) reports 47,974 tCO₂e — a ratio of roughly 3.2× that is not explained by the different reporting periods
• ⚠Missing stakeholder consultation documentation and meeting details (CAR 12), with no FPIC or grievance mechanism recorded in any available document
• ⚠Grid emission factor of 0.977025 is from 2014, predating the project's 2017 start date, and no updated CEA database version is cited in the PDD (CAR 10)

Credit Vintages

No issuances recorded on the registry.