Hedcor Sibulan 42.5 MW Hydroelectric Power Project
#379of 1935 in Renewable energy#1of 19 in Philippines#246of 1459 in CDM (UNFCCC)#284of 1287 in ACM0002
Audit Analysis
A 42.5 MW hydroelectric project in the Philippines with VVB-confirmed additionality and no inherent reversal risk, but undermined by six cross-document contradictions (grid emission factor, baseline method, additionality test type, ERR figures, leakage justification, and crediting period) that erode confidence in the underlying data. The project over-delivers relative to its pro-rata expectation, and the conservative grid emission factor in the PDD provides a safety margin, yet key MRV parameters (FNRB, verified usage rate) are absent from the extracted record.
Red Flags
- Six contradictions across documents, including a 45% discrepancy in the grid emission factor (0.454 in the 2017 PDD vs 0.83 in the 2011 monitoring report) and a direct conflict on baseline method (project-specific vs jurisdictional)
- FNRB value and verified usage rate are not stated in any available document, leaving a gap in the MRV chain
- Additionality test type is inconsistent: the validation report records a combined test while the 2017 PDD revision lists only an investment test
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 136,931 | 0 | 136,931 | |
| 2015 | 450,085 | 0 | 450,085 | |
| 2017 | 392,561 | 0 | 392,561 | |
| Total | 979,577 | 0 | 979,577 |
Risk Indicators
VVB-confirmed combined test
Hydro – no reversal risk
0% deduction, quantified justification
Method contradicts across documents
FPIC, safeguards, benefit sharing documented
CORSIA and CCP status not stated
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