GS1354 Vietnam Small Hydro PoA - Krong No 3 Hydropower Project

Audit Analysis

A Gold Standard small hydro project in Vietnam with a confirmed investment-test additionality (IRR 8.62% below the 11.42% benchmark) and a jurisdictional baseline using a 2020 grid emission factor. The project shows no reversal events and reasonable safeguards, but the absence of a stated buffer pool, missing verified ERR figures, and six cross-document contradictions on key parameters (grid EF, crediting period, ERR quantities, leakage treatment) introduce meaningful uncertainty about the robustness of the credit quantities.

Project Description

Red Flags

• ⚠Six contradictions between the PDD and validation report on core parameters (grid emission factor, crediting period, lifetime ERR, claimed ERR, additionality test type, leakage justification), indicating the project underwent substantial revisions between 2013–2020
• ⚠Total verified ERR is not stated in the extracted record, preventing independent confirmation of actual delivery against the ex-ante estimate
• ⚠34 Corrective Action Requests were raised during validation, including issues with grid emission factor consistency, missing reservoir area justification, and missing monitoring parameters — all closed but indicative of initial documentation gaps

Credit Vintages

Issuance data not yet available — check back soon.