Kavakçalı HPP

Audit Analysis

Kavakçalı HPP is a small grid-connected hydropower project in Turkey that displaces fossil-fuel-based grid electricity, with a jurisdictional baseline and VVB-confirmed investment additionality. The project delivered roughly 112% of its ex-ante emission-reduction expectation over the 10-year crediting period, with no reversal events. However, the verification process surfaced 24 material findings requiring correction and four outstanding corrective actions, and several key data points (baseline reassessment date, FNRB, CORSIA/CCP status) remain unconfirmed in the available record.

Project Description

Red Flags

• ⚠24 material findings were raised during verification, including monthly generation data errors across six consecutive years (2018–2023), IRR calculation errors, and GHG mitigation value inconsistencies between the PDD and ER sheets — all corrected but indicating weak initial data quality
• ⚠Project commissioning (2013) predates the EMRA operating licence (2019); the proponent supplied evidence of a prior licence, but the gap raises a question about the regulatory basis for the first six years of generation
• ⚠Four corrective actions remain open, including completion of the ICR ESES Tool and re-submission of all documentation under v6.0 templates, meaning the project's compliance file is not yet fully closed

Credit Vintages