Energy Efficiency at Malvinas gas plant

Audit Analysis

A CDM energy-efficiency project at a Peruvian gas plant with VVB-confirmed additionality and no outstanding corrective actions, but undermined by a high volume of validation-stage corrections (17 CARs), an initially misidentified baseline scenario, and a contradictory leakage justification between the PDD and the validation report. The absence of a verified ERR figure and low extraction confidence limit confidence in the project's actual performance record.

Project Description

Red Flags

• ⚠17 corrective action requests and 11 clarification requests were raised during validation, indicating substantial initial documentation deficiencies
• ⚠Baseline scenario was initially misidentified as W1 and corrected to W2, raising the risk that early-period credits were calculated against an incorrect reference
• ⚠Leakage justification is contradictory: the PDD (Dec 2012) states 'deemed negligible' while the validation report (Dec 2012) states 'quantified', with a 0% deduction applied
• ⚠No verified ERR figure was found in any available document, preventing any comparison against the 615,040 tCO₂e lifetime claim
• ⚠Minimum extraction confidence is rated low, meaning at least one key document was poorly readable

Credit Vintages

No issuances recorded on the registry.