GIPPL Waste Heat based 11.5 MW Captive Power Project
#434of 1329 in Industrial#516of 975 in India#746of 1459 in CDM (UNFCCC)#18of 28 in ACM0004
Audit Analysis
A legacy CDM waste-heat-recovery project (2008–2018) with a VVB-confirmed combined additionality test and no outstanding corrective actions, but significant gaps in permanence safeguards (no buffer pool), a project-specific baseline with no reassessment record, and a 0% leakage deduction justified only as 'deemed negligible.' The verified emissions reductions for the five-year monitoring period actually exceeded the pro-rata expectation from the PDD, which is a positive signal, but the absence of FNRB, usage-rate data, and CORSIA/CCP status limits confidence in the claim.
Red Flags
- Leakage deduction of 0% is justified solely as 'deemed negligible' with no quantified analysis in the extracted record
- FNRB value, usage monitoring method, and both assumed and verified usage rates are absent from all available documents
- Monitoring report is dated January 2024 but covers a monitoring period that ended in February 2013 — an 11-year verification lag raises questions about data currency and MRV timeliness
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
Combined test, VVB-confirmed
no reversals but unmitigated retirement risk
0% deduction, 'deemed negligible' only
Project-specific; no reassessment date found
Safeguards and benefit sharing mentioned; FPIC and grievance
CORSIA and CCP status not stated in available documents
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