Energy efficiency measures at Mindspace Airoli, building nos: 1, 2, 4 and 5&6 of Serene Properties Pvt.Ltd.at Navi Mumbai

Audit Analysis

A CDM energy-efficiency project (AMS II.E) at Mindspace Airoli with a confirmed investment-test additionality assessment by KBS Certification Services, but significant data gaps in monitoring, permanence, and leakage documentation. A factor-of-ten discrepancy in the claimed ERR between the PDD and the validation report, combined with low extraction confidence and the absence of any verified monitoring-period data, limits confidence in the project's current credit integrity.

Project Description

Red Flags

• ⚠ERR discrepancy: the PDD lists 25,490 tCO₂e while the validation report states 254,900 tCO₂e — a factor-of-ten difference that, although resolved in favour of the VVB figure, signals a data-quality weakness in the project documentation.
• ⚠No monitoring-period data, verified ERR, or usage-rate figures were found in any available document, leaving the project's actual performance unverified.
• ⚠Leakage treatment is inconsistent: the PDD describes leakage as 'quantified' while the validation report concludes it is 'deemed negligible' with a 0% deduction.
• ⚠Low extraction confidence across the document set means at least one key document was poorly readable, reducing reliability of the extracted record.

Credit Vintages

No issuances recorded on the registry.