CHITETEZO MBAULA PROJECT – MALAWI

Audit Analysis

The Chitetezo Mbula cookstove project in Malawi has a VVB-verified investment additionality test and a 5% leakage deduction, but suffers from a project-specific baseline with no stated reassessment date, a leakage justification gap in the most recent verification report, and a significant discrepancy between the lifetime ex-ante estimate (1,066,507 tCO₂e) and the verified monitoring-period figure (43,550 tCO₂e), which delivered only ~19% of the pro-rata expectation. Four inter-document contradictions and a medium extraction confidence further temper confidence in the data record.

Project Description

Red Flags

• ⚠The lifetime ex-ante estimate of 1,066,507 tCO₂e (PDD, 2023-03-27) implies a pro-rata expectation of roughly 235,000 tCO₂e for the 18.5-month monitoring period, yet only 43,550 tCO₂e was verified — a delivery rate of approximately 19% of expectation, raising questions about the original PDD assumptions.
• ⚠The most recent verification report (2024-10-21) records the leakage justification as 'not addressed,' while an earlier verification report (2024-09-30) described it as 'quantified'; the 5% deduction is applied but its methodological basis is not clearly documented in the latest record.
• ⚠26 Corrective Action Requests were raised during verification, including a stove-ID matching discrepancy and a clarification on stove lifespan and efficiency degradation monitoring, indicating operational data-quality issues that were resolved but warrant ongoing attention.
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving the double-claiming risk unassessed.

Credit Vintages