Hongyuan 10 MW Small Hydropower Project

Audit Analysis

The Hongyuan 10 MW small hydropower project has a VVB-confirmed investment additionality test and a stated grid emission factor, but is undermined by significant contradictions across documents—particularly a seven-fold discrepancy in total emissions reductions (34,202 vs 239,414 tCO₂), a conflicting baseline method description, and unresolved material findings including pending IRR worksheets and bilateral approvals. The absence of a buffer pool, a 0% leakage deduction with inconsistent justification, and the lack of any verified ERR figure for the monitoring period limit confidence in the project's integrity and claim safety.

Project Description

Red Flags

• ⚠Total ERR figures differ by a factor of seven between the PDD (239,414 tCO₂) and the validation report (34,202 tCO₂), with no reconciliation found in the monitoring report
• ⚠Material finding CAR 1: written approvals from the Netherlands and China were still pending at the time of the monitoring report (July 2012), raising questions about the validity of the additionality claim
• ⚠Corrective action requiring detailed IRR worksheets with and without CDM revenues was never confirmed as resolved in the available documents
• ⚠Baseline method is described as 'project-specific' in the monitoring report but 'jurisdictional' in the validation report, creating ambiguity about the baseline construction

Credit Vintages

No issuances recorded on the registry.