DelAgua Clean Cooking Grouped Project

Audit Analysis

The DelAgua clean cooking project in Rwanda demonstrates solid additionality (combined test confirmed by the VVB), a recently reassessed project-specific baseline (2024), and a quantified 5% leakage deduction. The project is over-delivering relative to its pro-rata ex-ante expectation, which is a positive signal. However, five contradictions across key figures—including a nearly 8× discrepancy in lifetime ERR between an unidentified document and the 2024 PDD—introduce meaningful uncertainty about data reliability.

Project Description

Red Flags

• ⚠Lifetime ERR figure of 31,399,717 appears in an unidentified document (2023-12-06) versus 3,941,567 in the 2024 PDD—an 8× discrepancy that cannot be reconciled without the source document
• ⚠Verified ERR of 2,408,517 in the January 2023 verification report versus 1,149,391 in the 2024 PDD suggests either different monitoring periods or a data inconsistency that is not explained
• ⚠Usage rate verified as 0.6698 in the 2024 PDD versus 0.511 in the January 2023 PDD—a 31% swing in a core MRV parameter
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages