Hangzhou Huadian Banshan Power Generation Co., Ltd.’s Natural Gas Power Generation Project

Audit Analysis

A CDM fossil-fuel-switch project (coal-to-natural-gas) with a well-supported additionality case (combined test, IRR below benchmark, VVB-confirmed) and inherently low permanence risk. However, several key MRV parameters (FNRB, usage monitoring method, usage rates) are absent from the extracted record, and four inter-document contradictions—two of which are genuine—introduce moderate uncertainty around baseline methodology and leakage treatment.

Project Description

Red Flags

• ⚠Baseline method is described as 'project-specific' in the monitoring report but 'jurisdictional' in the PDD; the discrepancy is unresolved in the available documents.
• ⚠Grid emission factor is from 2006 and no updated or reassessed baseline value is found in any document.
• ⚠FNRB value, usage monitoring method, and usage rates are all absent from the extracted record, limiting independent verification of the claimed reductions.
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed.

Credit Vintages