Kipaş KÇS WHR Project

Audit Analysis

The Kipaş WHR project is a straightforward industrial waste-heat-recovery avoidance project under the ICR standard, with a jurisdictional baseline, an investment additionality test, and a 100% delivery of its ex-ante estimate over the full five-year crediting period. However, the verification body is not named, the FNRB and usage-rate figures are absent from the extracted record, and the overall documentation set is thin (three documents, one of unknown type) with low extraction confidence, limiting confidence in the MRV chain.

Project Description

Red Flags

• ⚠Verification body name is not stated in any available document, making it impossible to confirm VVB independence or the scope of verification.
• ⚠Only three documents were used for extraction (PDD, appendix, and one of unknown type), and the minimum extraction confidence is rated low, indicating at least one key document was poorly readable.
• ⚠The FNRB value and method are not stated in the extracted record, leaving a gap in the MRV chain for the waste-heat-recovery calculation.
• ⚠A contradiction exists on benefit-sharing: the PDD (2024-12-20) states it is described, while the appendix (same date) indicates it is not.

Credit Vintages