Hydroelectric Project MULATOS II
#74of 1935 in Renewable energy#1of 124 in Colombia#19of 1339 in Verra (VCS)#49of 1287 in ACM0002
Audit Analysis
MULATOS II is a small hydroelectric project in Colombia that replaces grid electricity, with a jurisdictional baseline and VVB-confirmed combined additionality test. The project delivered approximately 88% of its pro-rata ex-ante expectation for the first monitoring period, which is within a reasonable range. Several material findings (capacity discrepancies, calibration frequency, start-date deviation) were identified and corrective actions are in progress, but no fundamental design flaws were reported.
Red Flags
- Installed capacity values in the registered PDD differed from actual turbine/generator nameplates; corrected in PD v3.0 to 7.34 MW, but the discrepancy raises questions about whether earlier credit calculations used the correct capacity.
- Grid emission factor is from 2014 (0.4361 tCO2/MWh); no evidence of an updated or more recent national grid factor was found in the extracted record.
- Leakage justification is inconsistent between the verification report ('quantified') and the monitoring report ('deemed negligible'), both from 2022, with a 0% deduction in both cases.
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 5,372 | 5,372 | 0 | |
| 2020 | 13,985 | 13,985 | 0 | |
| 2021 | 20,220 | 20,220 | 0 | |
| Total | 39,577 | 39,577 | 0 |
Risk Indicators
Combined test, VVB-confirmed
Avoidance project, no reversal risk
0% deduction, justification inconsistent across docs
Jurisdictional, per 2022 verification
Grievance mechanism present, FPIC not stated
CORSIA and CCP status not stated
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