Dogançay Weir and Hydroelectric Power Plant

Audit Analysis

The Doğançay hydroelectric project has a VVB-confirmed investment additionality test and a jurisdictional baseline, but the verification report lists six material findings including calculation errors in baseline and project emissions formulas, and reversal risk is explicitly not addressed. The project delivered roughly 63% of the pro-rata ex-ante expectation for the elapsed monitoring period, indicating conservative (under-)delivery. Multiple contradictions between the 2013 PDD/validation and the 2025 verification report create uncertainty about the project's baseline character and leakage treatment.

Project Description

Red Flags

• ⚠Six material findings in the 2025 verification report, including calculation errors in baseline and project emissions formulas (CAR 04) and an inconsistency in estimated emission reduction values between the MR and ER sheet (CL 01)
• ⚠Reversal risk is explicitly 'not addressed' and no non-performance risk rating was determined by the project proponent, despite the absence of a buffer pool
• ⚠Corrective actions required list is empty despite the verification report listing multiple CARs, raising questions about whether issues were resolved before issuance
• ⚠Contradiction on baseline method: the 2013 validation report describes a project-specific baseline while the 2025 verification report describes a jurisdictional baseline

Credit Vintages

No issuances recorded on the registry.