Hedcor Tudaya 1&2 Hydroelectric Power Project

Audit Analysis

A small Philippine hydro project validated under CDM with a jurisdictional baseline and VVB-confirmed barrier additionality, but the record is thin: no monitoring reports were found, extraction confidence is low, and the PDD initially claimed roughly seven times more credits than the validation report ultimately validated. The 21 material findings—including a missing host-country Letter of Approval and weak investment-barrier justification—undermine confidence in the project's compliance and data quality.

Project Description

Red Flags

• ⚠The PDD (March 2013) claimed 440,517 CERs over the crediting period, but the validation report (October 2013) validated only 62,931 — a roughly 7× over-claim that was corrected during validation, raising questions about the project proponent's initial modelling.
• ⚠The validation report lists 21 material findings, including that no host-country Letter of Approval had been received and that the investment and institutional barrier arguments 'do not well illustrate the difficulties' affecting financial viability.
• ⚠No monitoring reports or monitoring-period data were found in the extracted record, leaving the project's actual performance unverified.
• ⚠Minimum extraction confidence is rated low, indicating at least one key document was poorly readable, which limits the reliability of the extracted data.

Credit Vintages

No issuances recorded on the registry.