Ganxipo Hydroelectric Project

Audit Analysis

The Ganxipo Hydroelectric Project is a small CDM-registered hydro scheme in China using a jurisdictional grid baseline. While the project type (avoidance of grid electricity) carries low permanence risk and the 0% leakage deduction is reasonable, the extracted record contains a critical gap on additionality and a seven-fold discrepancy between the PDD's ex-ante estimate (1,011,976 tCO₂e) and the verified figure (144,568 tCO₂e), raising material over-crediting concerns. A grid emission factor contradiction between the validation and monitoring reports further undermines confidence in the baseline.

Project Description

Red Flags

• ⚠PDD ex-ante estimate of 1,011,976 tCO₂e is roughly 7× the verified 144,568 tCO₂e for the same crediting period (2014–2021), indicating the original claim was substantially overstated relative to actual generation
• ⚠Grid emission factor differs between the validation report (0.4587 tCO₂/kWh, 2017) and the monitoring report (0.3112 tCO₂/kWh), creating uncertainty about which baseline parameter was actually applied to credit calculations
• ⚠Additionality test type and VVB confirmation are not stated in any extracted document, leaving a core CDM requirement unverified in the available record

Credit Vintages

No issuances recorded on the registry.