Dak Srong 2 Hydropower Project

Audit Analysis

The Dak Srong 2 Hydropower Project is a straightforward small-scale renewable energy project in Vietnam that displaces grid electricity, with VVB-confirmed additionality via a combined test and a jurisdictional baseline. Verified emissions reductions (186,159 tCO₂e) closely track the pro-rata expectation from the PDD's ex-ante estimate, indicating no material over-crediting. However, multiple corrective actions for missing monitoring records, equipment details, and grievance documentation, along with several inter-document contradictions, moderate the overall assessment.

Project Description

Red Flags

• ⚠Five corrective actions (CARs) in the 2022 verification report flag missing equipment summaries, environmental monitoring records, grievance registers, operational status details, and calibration evidence — indicating incomplete MRV documentation at the time of verification
• ⚠The baseline method is described as 'jurisdictional' in the 2022 verification report but as 'project' in the 2010 validation report, creating ambiguity about the actual baseline construction approach
• ⚠The grid emission factor of 0.5764 tCO₂/MWh is sourced from 2009 data; while it was the applicable value at project inception, no evidence of periodic updating to the latest DNA-published GEF is confirmed beyond one CAR correction

Credit Vintages